Economic Fundamentals Of Power Plant Performance

Stability of the electricity industry is crucial for economic growth of all nations. Sustainable economic growth cannot be accomplished without secured energy supply. The book underlines how management of the electricity industry should be conducted and the efficient form of electricity market structure. The book also studies the electricity industry in Korea which has been a strongly supportive and vital factor in the economic development of Korea for the last few decades. The book focuses on the three market players of the electricity market and they are the suppliers, consumers and the government-related organizations. It includes detailed information on generation and finances at the generator level and analyzes the efficiency differences among generators, plants and business units by using different performance measurement methods. It identifies and analyzes different production factors' effectiveness and relationships in generation. The comprehensive analysis helps to provide explanations in the differences in the performance of the studied units. The book also discusses the implications of the findings for future resource allocation and how we can further enhance the efficiency of the industry. The book will appeal to those interested in energy and energy policies, as well as researchers and practitioners in the economic development and electricity and utilities industry.

Stability of the electricity industry is crucial for economic growth of all nations. Sustainable economic growth cannot be accomplished without secured energy supply. The book underlines how management of the electricity industry should be conducted and the efficient form of electricity market structure. The book also studies the electricity industry in Korea which has been a strongly supportive and vital factor in the economic development of Korea for the last few decades. The book focuses on the three market players of the electricity market and they are the suppliers, consumers and the government-related organizations. It includes detailed information on generation and finances at the generator level and analyzes the efficiency differences among generators, plants and business units by using different performance measurement methods. It identifies and analyzes different production factors' effectiveness and relationships in generation. The comprehensive analysis helps to provide explanations in the differences in the performance of the studied units. The book also discusses the implications of the findings for future resource allocation and how we can further enhance the efficiency of the industry. The book will appeal to those interested in energy and energy policies, as well as researchers and practitioners in the economic development and electricity and utilities industry.

The analysis of the reliability and availability of power plants is frequently based on simple indexes that do not take into account the criticality of some failures used for availability analysis. This criticality should be evaluated based on concepts of reliability which consider the effect of a component failure on the performance of the entire plant. System reliability analysis tools provide a root-cause analysis leading to the improvement of the plant maintenance plan. Taking in view that the power plant performance can be evaluated not only based on thermodynamic related indexes, such as heat-rate, Thermal Power Plant Performance Analysis focuses on the presentation of reliability-based tools used to define performance of complex systems and introduces the basic concepts of reliability, maintainability and risk analysis aiming at their application as tools for power plant performance improvement, including: · selection of critical equipment and components, · definition of maintenance plans, mainly for auxiliary systems, and · execution of decision analysis based on risk concepts. The comprehensive presentation of each analysis allows future application of the methodology making Thermal Power Plant Performance Analysis a key resource for undergraduate and postgraduate students in mechanical and nuclear engineering.

Power Plant Performance discusses the different procedures and practices involved in the operation of power plants. The book is divided into four parts. Part I covers general considerations such as steam cycles; the sampling, analysis, and assessment of coal; and pumping – its related terms, the different types of pumps, and the determination of sizes and efficiency. Part II tackles the important measurements in power plants such as temperature, pressure, and gas and water flow. Part III deals with the operation of power plant components such as the boiler, turbine, and condensers. Part IV tackles other related topics such as steam turbine heat consumption tests; plant-operating parameters; and the costs of outages. The text is recommended for professionals involved in the development, maintenance, and operation of power plants, especially those who would like to be familiar with the basics.

This textbook has been designed for a one-semester course on Power Plant Engineering studied by both degree and diploma students of mechanical and electrical engineering. It effectively exposes the students to the basics of power generation involved in several energy conversion systems so that they gain comprehensive knowledge of the operation of various types of power plants in use today. After a brief introduction to energy fundamentals including the environmental impacts of power generation, the book acquaints the students with the working principles, design and operation of five conventional power plant systems, namely thermal, nuclear, hydroelectric, diesel and gas turbine. The economic factors of power generation with regard to estimation and prediction of load, plant design, plant operation, tariffs and so on, are discussed and illustrated with the help of several solved numerical problems. The generation of electric power using renewable energy sources such as solar, wind, biomass, geothermal, tidal, fuel cells, magneto hydrodynamic, thermoelectric and thermionic systems, is discussed elaborately. The book is interspersed with solved problems for a sound understanding of the various aspects of power plant engineering. The chapter-end questions are intended to provide the students with a thorough reinforcement of the concepts discussed.