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The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
A set of generating units with the corresponding energy production cost and/or emission curves, and (complex) technical constraints. A representation of the significant part of the grid network. A (forecasted) load profile to be satisfied, i.e., the net amount of energy to be delivered to each node of the grid network at each time instant.
The cost of a electricity production depends on costs during the expected lifetime of the generator and the amount of electricity the generator is expected to produce over its lifetime. The levelized cost of electricity (LCOE) is the average cost in currency per energy unit, for example, EUR per kilowatt-hour or AUD per megawatt-hour. [3]
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In electrical engineering the load factor is defined as the average load divided by the peak load in a specified time period. [1] It is a measure of the utilization rate, or efficiency of electrical energy usage; a high load factor indicates that load is using the electric system more efficiently, whereas consumers or generators that underutilize the electric distribution will have a low load ...
The load supplied by the generator determines the voltage. If the load is inductive, then the angle between the rotor and stator fields will be greater than 90°, which corresponds to an increased generator voltage. This is known as an overexcited generator. The opposite is true for a generator supplying a capacitive load, which is known as an ...