Journal
12TH INTERNATIONAL CONFERENCE ON GREENHOUSE GAS CONTROL TECHNOLOGIES, GHGT-12
Volume 63, Issue -, Pages 7471-7484Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.egypro.2014.11.784
Keywords
Power plant operation; CO2 capture; operating decisions; operating flexibility; CO2 capture level
Categories
Funding
- EPSRC [EP/J020788/1] Funding Source: UKRI
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This work considers the potential value in the additional flexibility of CCS post-combustion power plants gained by varying the operating CO2 capture level. The continuous relationship between CO2 capture level and the specific electricity output penalty is illustrated, and a new methodology is proposed for maximising net plant income through optimising the operating capture level. This methodology allows the plant to respond to electricity prices, fuel prices, and carbon reduction incentives including CO2 prices and premium payments for low carbon electricity. The implications for flexible operation under different market scenarios are qualified, and the indicative value to plant operators is determined. (C) 2014 The Authors. Published by Elsevier Ltd.
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