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Comparative Cost Analyses Capital Costs Penalty Costs Total Costs 8 7 6 5 4 3 2 1 0 Figure 5-2 Schematic of Tradeoffs Previous Analyses 0 1 2 3 4 5 6 7 8 9 10 Size of Cooling System As part of work done on water-conserving cooling systems during the 1970s and 1980s, a number of studies were conducted to compare the costs of wet, dry and wet/dry cooling. They represent many different approaches to determining a fair estimate of the cost of using dry cooling and comparing it to that of conventional cooling methods, either once-through or wet recirculating systems. They differ from the current study in many important ways: • They are for large, standalone steam power pants, both nuclear and fossil (coal fired). • They were evaluated for sites all around the country---many with meteorology very different from any found in California; • They are based in large measure on economic assumptions and criteria appropriate for a regulated power industry; and • The costs of equipment, fuel, electricity, water, and other components of the total cost of power production have changed dramatically since most of these evaluations—and these changes have not necessarily been in proportion to one another. As a result, the absolute costs, the $/kW values, and even the cost ratios from these older studies are no longer directly useful for current estimates and system choice. However, some things can be learned from previous work: • Because the systems being compared were designed and priced in a consistent way at the time of the study, the cost ratios remain a good indicator of the sensitivity of total costs to variations in individual cost elements. 5-4 CostPDF Image | Comparison of Alternate Cooling Technologies for California Power Plants Economic, Environmental and Other Tradeoffs
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