Today in this article we are going to Factors Affecting the Cost of Electric Power, what is the effect of power factor on the cost of generation. Learn more about If you also want to know then read this post completely.
we will tell you about many factors that drive the cost of electricity, due to which the cost of a power plant often decreases and increases. The cost of generation of electricity also keeps on growing as the factor fluctuates. All these factors affect the cost of electricity generation.
Factors Affecting the Cost of Electric Power
Factors Affecting the Cost of Electric Power : If you also want to know this, keep reading this article thoroughly.
The total cost of an electric power plant depends on the following factors-
(i) Location of the Plant – The total cost of an electric power plant depends on the plant’s location. The thermal power system should be located near the coal mines so that coal can be made available at a low cost. Similarly, hydroelectric power plants should be established where a sufficient amount of water is available. Like near big rivers. And nuclear power plants should be established where hydroelectric power plants and thermal power plants are not present.
(ii) Time of Construction – The construction work of the power plant should take less time and should be efficient work. The cost is affected due to the time taken in the construction work.
(iii) Distance from Load Center – The power generating station should be located near the load center. The expenditure due to copper losses in electric power transmission is reduced. The generating voltage is limited to 33kV in the case of transmission. Due to this, the IL.R also increases with the increase of the line current for the same power transmission.
(iv) Size of Units – The units of the power plant should be of average size. According to the generating power, the cost per unit generation is determined.
(v) Simple Design – The design of the power plant should be simple. For this, the layout of the plant should be such that the maintenance and repair of the equipment installed in the plant can be done in the shortest possible time. Also, the structure of the plant should be well organized, well-planned and proper so that the plant can be established in the least space.
The equipment used at the power station should be durable and more efficient so that it’s running and maintenance cost is low and can be easily replaced.
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(vi) Organization – The number of paid employees should be limited in the rated management committee for the plant structure so that unnecessary overcharge can be avoided.
(vii) Use of High Efficient Equipment – The equipment used in the plant should have high efficiency to avoid repeated maintenance expenses due to equipment failure.
(viii) Sub-division of Plant – The equipment and tools used in the plant should be divided into different sub-stations so that complete shut-down is avoided in case of emergency or maintenance. For example, single steam turbine per generator set or single water turbine per generator set, etc.
(ix) Labor Saving Equipments – Along with hand operation of the equipment and equipment installed in the plant, there should be self-operation as per the requirement so that saving can be done by reducing the number of labor required to operate the equipment.
(x) Future Extension – While designing the entire plant at present, it should include the extension in the future so that the plant’s capacity can be increased according to the load at a low cost because of the construction of a new plant. Costs more.
- Read more: What is Base Load and Peak Load
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