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Forecasting the Impact of CCGT-CCS on the UK’s Electricity Market by LCOE
Department of Electronic and Electrical Engineering, University of Strathclyde, Glasgow, United Kingdom
Department of Electronic and Electrical Engineering, University of Strathclyde, Glasgow, United Kingdom
Department of Electronic and Electrical Engineering, University of Strathclyde, Glasgow, United Kingdom
- 1 Department of Electronic and Electrical Engineering, University of Strathclyde, Glasgow, United Kingdom
- 2 Department of Electronic and Electrical Engineering, University of Strathclyde, Glasgow, United Kingdom
- 3 Department of Electronic and Electrical Engineering, University of Strathclyde, Glasgow, United Kingdom
Energy and Power Engineering·Volume 09 (2017)·Pages 198–203·Published 6 April 2017·DOI10.4236/epe.2017.94B024
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Abstract
To achieve the target for building a low-carbon economy, the UK will have to build more low-carbon power plants to reduce carbon dioxide emissions from electricity generation. However, renewable energy is difficult to meet the increasing energy demand and keep lights on. This limitation of renewable could be solved by coal and gas-fired power station fitted with carbon capture storage (CCS) technology. CCS technology could capture up to 90% of carbon dioxide from emissions and allow fossil fuel power station to provide continuous low-carbon electricity power. This paper presents the levelised cost of electricity of CCGT with CCS and compared with renewable technology to forecast the impact of CCGT with CCS on the UK’s electricity market.
KeywordsLevelised Cost of ElectricityCarbon Capture and StorageElectricity Market
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