In order to obtain sources of financial capital necessary to build a new power generating facility, each plant must have a revenue, operations and maintenance, and profitability plan that allows for all installation costs to be recovered over an asset’s lifetime. Typically, capital cost recovery might occur within the first 20 to 30 years of plant operations. A project developer looking to construct a generating facility that might be located in a power market would need some degree of assurance that revenue from the combination of energy sales, capacity markets, and ancillary services, over time, would be adequate to pay for all necessary costs (i.e., capital, operations, maintenance, fuel, and finance) and provide an acceptable financial return. Alternatively, new power generating projects could potentially enter into bilateral contracts with LSE counterparties as a means of ensuring an adequate revenue stream that would attract investment capital. However, some older generators (generally more than 20 to 30 years old) may have achieved full cost recovery. Owners of these facilities may be more comfortable operating in wholesale power markets as they only need to recover fuel and operations/maintenance expenses. For these fully recovered facilities, wholesale power markets could be more lucrative than for power plants still amortizing and recovering capital costs.
đang được dịch, vui lòng đợi..
