Storage power plant cost share

Are thermal storage power plants better than conventional power plants?

The paper presents a cost comparison of thermal storage power plants (TSPP) with various conventional power plants. TSPP require less fuel and can better fulfill the demand of variable and intermittent residual loads through providing a much higher flexibility with their intrinsic heat storage system, also called Carnot Battery.

How do business models affect mixed pumped storage power plants?

Business models shape economic impacts of mixed pumped storage power plants. Proper business models ensure cost recovery for mixed pumped storage plants. Supportive policies advance mixed pumped storage plant construction.

What is the total investment cost of a power plant?

The total investment cost consists of the EPC cost, EPC contracting fees and owner's costs. For conventional power plants, EPC costs include mechanical system costs, electric system costs, civil costs, and indirect costs.

What are mixed pumped storage power plants (mpspps)?

Mixed pumped storage power plants (MPSPPs), developed on conventional hydropower stations, have recently gained attention in the hydropower industry, with shorter construction timelines compared to traditional pumped storage stations.

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.

Do pumped storage power plants have auxiliary services?

Zhao et al., 2021 used the cooperative game approach to share the cost of auxiliary services of pumped storage power plants and develop a compensation mechanism for auxiliary services, but in their study, they mainly focused on peak-shaving auxiliary services only, and the remaining several auxiliary services were not fully considered.