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Analysis of possibilities for 1MW electricity generation from waste heat in the port of Rotterdam Page 29 The third and last source is [Ref. 38] that an ORC plant would spend $200.000 per year in maintenance. This figure becomes around 150.000 k€/year once converted. Table 2.5 shows a summary of the sources used for O&M average cost calculation: Reference number Source O&M costs [k€/year] 150 300 450 150 262 The average of these four values is 262 k€/year. However, we should consider the fact that Kalina cycle is quite a new technology so our O&M costs might be higher than the costs of ORC. Therefore, we will establish O&M costs of 250 k€/year for ORC and 300 k€/year for Kalina. 2.4.3 Electricity price When considering options to sell our product (in this case, electricity) we could choose to sell it in the wholesale market. However, we believe it would be smarter to sell the electricity in the same place where it was produced, the port of Rotterdam. There are many industries located in the port or close to it, and surely the electricity can be sold there. This way, we can sell the electricity at a final consumer price, not at the wholesale price. Another advantage of selling electricity close to the place where it has been produced is that it reduces transport losses. This strategy is called decentralized electricity generation, as opposed to the huge power plants that produce a lot of electricity in one location. Other ways of naming it are: on-site generation, distributed generation or dispersed generation. This strategy is favorable to renewable energy because it tends to be more small-scale, like wind power or solar power. According to Eurostat [Ref 39], the average electricity price in 2010 for industrial consumers was 85 €/MWh while for the domestic consumers it was 126 €/MWh. Since our client(s) will be industrial, the estimated price will be 85 €/MWh. More information about electricity prices in the EU area can be found in Annex E.3. [Ref. 36] [Ref. 37] [Ref. 38] Average Lovekin Rule of thumb (1) Rule of thumb (2) Leslie Table 2.5 – Summary of O&M costs by different sourcesPDF Image | 1MW electricity generation from waste heat port of Rotterdam
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