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Power Generation from Coal, Oil, Gas, and Biofuels

In: The Palgrave Handbook of International Energy Economics

Author

Listed:
  • Arash Farnoosh

    (IFPEN, IFP School
    SciencesPo—Paris School of International Affairs)

Abstract

This chapter provides an introduction to the economics of electricity generation based on four different energy sources: coal, oil, natural gas, and biofuel. It covers the various technologies of power production and their key economics characteristics including CAPEX, OPEX, dispatchability, flexibility, location, and expected service life. The formula and calculations are provided for further analysis of power generation projects in view of optimizing the choice of technology. Some conclusions are drawn from comparative analysis of coal-, oil-, gas-, and biofuel-fired power generation units.

Suggested Citation

  • Arash Farnoosh, 2022. "Power Generation from Coal, Oil, Gas, and Biofuels," Springer Books, in: Manfred Hafner & Giacomo Luciani (ed.), The Palgrave Handbook of International Energy Economics, chapter 0, pages 111-130, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-86884-0_6
    DOI: 10.1007/978-3-030-86884-0_6
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    Cited by:

    1. Vakili, Seyedvahid & Ölçer, Aykut I., 2023. "Are battery-powered vessels the best solution for the domestic ferry segment? Case study for the domestic ferry segment in the Philippines," Energy, Elsevier, vol. 282(C).
    2. Linian Wang & Jianghong Liu & Huibin Zhang & Leye Wang, 2024. "Revisiting Day-ahead Electricity Price: Simple Model Save Millions," Papers 2405.14893, arXiv.org, revised Aug 2024.

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