TITLE:
Forecasting the Impact of CCGT-CCS on the UK’s Electricity Market by LCOE
AUTHORS:
Tianxiang Luan, Kwoklun Lo, Jianfeng Lu
KEYWORDS:
Levelised Cost of Electricity, Carbon Capture and Storage, Electricity Market
JOURNAL NAME:
Energy and Power Engineering,
Vol.9 No.4B,
April
6,
2017
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.