A European perspective on the cost of electricity from a range of different natural gas options is shown in Figure 12. This considers all the likely options for a combined cycle plant with carbon capture and storage. The cost of electricity from a combined cycle plant in 2014 is put at £75/MWh when EU carbon costs are included. This rises slowly, to £77/MWh in 2016, £82/MWh in 2020, £86/MWh in 2025 and £88/MWh in 2030. When CCS is added to this plant from 2025 onwards, the cost rises. However for the most competitive option in the table, the retrofit of post combustion capture to an existing plant, the increase in 2025 is only £3/MWh, to £89/MWh and by 2030 the cost of electricity for the unabated and the abated plants is the same.
SummaryChapter 1 Gas-fired generation, the natural gas resource and global electricity production from gas.
Chapter 2 Technology trends in gas-fired power generation.
Chapter 3 The economics of gas-fired power generation.
Chapter 4 The market and economic prospects for gas fired power generation.
Key FeaturesAnalysis of gas fired power generation technology costs, concepts, drivers and components.
Assessment of electricity costs for different technologies in terms of the two fundamental yardsticks used for cost comparison, capital cost and the levelized cost of electricity.
Examination of the key gas fired power generation technologies costs.
Key Questions Answered
- What is gas fired power generation going to cost?
- Which gas fired power generation technology types will be the winners and which the losers in terms of power generated, cost and viability?
- Which gas fired power generation types are likely to find favour with manufacturers moving forward?
Reasons to BuyTo utilise in-depth assessment and analysis of the current and future technological and market state of gas fired power, carried out by an industry expert with 30 years in the power generation industry.
Use cutting edge information and data.
Use the highest level of research carried out.
Utilize expert analysis to say what is happening in the market and what will happen next.
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Date Published / Format
June 2015 / PDF