Effect of Carbon Price Floor on Levelised Cost of Gas-Fired Generation Technology in the UK - World Journal of Engineering and Technology

WJET > Vol.4 No.3, October 2016

Effect of Carbon Price Floor on Levelised Cost of Gas-Fired Generation Technology in the UK ()

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Download as PDF (Size: 297KB) PP. 66-71

DOI: 10.4236/wjet.2016.43D009 1,346 Downloads 2,240 Views Citations

Author(s)

Tianxiang Luan, Kwoklum Lo

Affiliation(s)

Department of Electronic and Electrical Engineering, University of Strathclyde, Glasgow, UK.

ABSTRACT

The UK government implements carbon price floor to provide long-term incentive to invest in low-carbon technology, thus, fossil-fuel power plants have to face increasing carbon price. This report addresses the effect of carbon price floor on levelised cost of gas-fired generation technology through the levelised cost of electricity (LCOE) ap-proach with the estimation of carbon price floor. Finally, the comparison of levelised cost of electricity for all generation technology in the UK will be shown and discussed.

KEYWORDS

Carbon Price, Levelised Cost, Gas-Fired Power Plant

Share and Cite:

Luan, T. and Lo, K. (2016) Effect of Carbon Price Floor on Levelised Cost of Gas-Fired Generation Technology in the UK. World Journal of Engineering and Technology, 4, 66-71. doi: 10.4236/wjet.2016.43D009.

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