Fan Chen
unread,Jun 29, 2024, 2:48:48 AM6/29/24Sign in to reply to author
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to IECM User Forum
Thank you for your reply, it has dispelled my confusion. Meanwhile, I have another confusion and hope to receive your professional answer.
Does IECM reflect the overall fuel cost of a power plant by allocating its fuel costs to the O&M costs of its components.
According to the definition of LCOE, to calculate the LCOE value of a power plant, it is necessary to understand the overall capital cost, O&M cost, and fuel cost of the power plant, while the Get RESULTS module of the IECM model does not display the overall fuel cost of the power plant. By changing the Total Delivered Cost of fuel in the SET PARAMETRS module, I found that the overall O&M cost of the power plant also changes (the O&M cost of different components also changes). Therefore, I want to determine whether the IECM model has allocated the fuel cost of the power plant to the O&M cost. If that's the case, do I only need to consider the capital cost and O&M cost information provided in IECM when calculating the LCOE of the power plant? If it's not as I understand it, what should it be like?
Looking forward to your reply, thank you.