How to calculate the electricity price of pumped storage power station

What is pumped storage hydropower (PSH)?

This report is available at no cost from the National Renewable Energy Laboratory at Executive Summary Pumped storage hydropower (PSH) can meet electricity system needs for energy, capacity, and flexibility, and it can play a key role in integrating high shares of variable renewable generation such as wind and solar.

How much does pumped water storage cost?

In O&M costs pumped water storage facilities have a distinct advantage over the long term. The Taum Sauk Storage Facility and the Ludington Storage Facility have similar O&M costs of $5.64/kW-year and $2.12/kW-year. The various O&M costs of several pumped water storage facilities can be seen in Table 2.

How much does a power plant cost?

Miscellaneous Powerplant Equipment $62,573,451 Roads, Rails, and Bridges $90,786,244 Roads, Railroads, and Bridges $42,643,064 Substation and Switch Station $22,880,002 Switchyard $40,250,057 Transmission Line $45,124,128 Transmission Lines $48,578,635 Total Direct Construction Cost $1,553,803,322 Total Direct Construction Cost

Should electricity capacity fee and pumping-loss fee be included in the cost sharing mechanism?

Regarding the cost sharing mechanism, it is suggested that the electricity capacity fee and pumping-loss fee should be all included in the allowable transmission and distribution costs of the regional power grids, which can be further transmitted to the provincial power grids.

What is the allowable cost of a power grid?

The allowable cost of the power grid is specified in the transmission and distribution tariff determination method. It includes the "ancillary service" fee (that is, the electricity capacity of the capacity) purchased by the grid enterprises from PHES.

What is a pumped storage hydropower project?

Pumped storage hydropower projects are a natural fit in an energy market with high penetration of renewable energy as they help to maximise the use of the renewables that are subject to the vagaries of the weather. Pumped storage provides a load when the there is a surplus of supply and storage that can be recovered later.