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Energy­ Sector Fundamentals

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Energy­ Sector Fundamentals ( energy­-sector-fundamentals )

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Chapter 9 Energy­Sector Fundamentals: Economic Analysis, Projections, and Supply Curves Base­load needs are typically met by procuring the most inexpensive, nonvolatile, high­capacity­factor energy available. While this can vary by region or by time of day, in general, the most competitive fuel/technology combinations available to satisfy this demand include coal, hydroelectric, nuclear, and geothermal power. Dispatchability means that power can be generated when it is needed to meet peak­system power loads. The primary metrics for dispatchability are the time when the peak load occurs, the length of the peak­load period, and the capacity factor the system must maintain during these periods, exclusive of maintenance periods. The use of geothermal energy in grid operations adds capacity to existing stock. In terms of capacity available for dispatch, the capacity factor is high. The primary responsibility of hydrothermal geothermal power is in base­load power delivery with very limited load­following capability. However, power plants operating on EGS reservoirs should be much more flexible in following load because the circulation of the fluid through the hot rocks is controlled by pumping. 9­16

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