packageStatistics

Information

Economics Package Description

This package was created to allow a rough consideration of the system economics directly in the TransiEnt.EE library, to avoid post-processing work. This leads to some restrictions regarding the applicability of the results calculated with the models in this package.

Important note: For the calculation of the electricy generation costs, only the results obtained with annual calculations apply. All results obtained by calculating smaller time ranges are invalid by definition.

In the models within the package "ProducerCostSpecifications", the parameters required to calculate the economic indicators are defined. These parameters are actually defined by calling the central definition in "simCenter.Cost". The parameters are:

• Specific investment costs in [EUR/kWe] 

• Specific fixed Operation & Maintenance costin EUR/kWe

• Specific variable costs in EUR / MWhe

• Specific fuel cost in EUR/MWhth

• Specific CO2-cost in EUR/t

• Specific emissions in g/kWhe
• Efficency factor (unitless)

The model "SimpleEconomicsModel" uses a the replaceable models defined in the "ProducerCostSpecs"-Package. The equations within this model are:

• Annuity Calculation
• Time dependent annuity payment (dummy variable)
• Calculation of produced Energy
• Calculation of time dependent incurred fuel costs
• Calculation of O&M costs
• Calculation of Variable Costs
• Calculation of Costs for CO2-Emission
• Calculation of total costs
• Calculation of the electricity generation costs (for the moment called: LEC - levelized cost of electricity) in EUR/MWh

Version:

• 2014.11.18: Fistr draft. Conception and implementation by R. Peniche and O. Schülting

Contents

Name	Description
Functions
ConfigurationData
Collectors
Check
PowerMarketModeling