A study on the generation cost with carbon emissions reduction in coal-fired power plant

The power industry is a centralized source of CO2 emissions. Controlling and retarding of CO2 emissions in electricity production have the important significance for addressing global warming. 300MW units and 600MW units with carbon emission reduction were taken as examples, and using normalized cost of electricity, carbon abatement costs and power efficiency as the evaluation parameters. The results show that 300MW units make more total capital cost growth, with the growth rate of normalized cost of electricity and carbon abatement costs, than 600MW units, as follows: i) the total capital cost growth of 300MW units is 24.11%, ii) the number of 600MW units is 17.66%, iii) power efficiency reduction of 300MW units is 13.74%, iv) the number of 600MW units is 13.65%, v) carbon abatement costs of 300MW units is $49.70/t, vi) the number of 600MW units is $45.55/t, vii) normalized cost of electricity of 300MW units $0.0285/kWh, and viii) the number of 600MW units is 0.0266/kWh. © 2016, UK Simulation Society. All rights reserved.