In this manuscript, a simplified approach to define the conditions at which PSHPP has competitiveness over SCGT power plants.
An analysis of different scenarios is also performed to define the conditions at which PSHPP has competitiveness over SCGT power plants.
PSHPP has competitiveness over SCGT power plants at r 8, 10, 12 and 14% (Table 3), on condition that the capital cost for PSHPP should not exceed 3136.82, 2780.692, 2522.222 and 2325.425 $/kW, respectively.
When checking the possibility of intersection between LCOE values of PSHPP and those of SCGT (Fig. 8), it is found that PSHPP has competitiveness over SCGT power plants still only in the case of escalated international fuel costs, but in this scenario the range of the possibility of the capital cost is more flexible; also, its competiveness at r 14% exists.
An economic comparison between PSHPPs and simple cycle gas turbine power plants has been carried out to identify the conditions at which PSHPPs will have competitiveness as an on-peak solution, over traditional SCGT power plants.
PSHPP's LCOE does not have any competitiveness over that of SCGT in the escalated international fuel cost scenario as a whole, and at r 14% in the fixed fuel cost scenario (the points of intersection are out of PSHPP's capital cost range).
Yet, even as the economy has lost competitiveness over the years, the PdL and its precursor, Forza Italia, have neglected reform.
Most strikingly, rising production costs in Brazil and China have lowered competitiveness and growth rates over the last few years.
OVER THE PAST decade Europe's troubled economies have lost competitiveness against Germany, as the charts on the previous page show.
"Growth and competitiveness have been declining over a pretty long period," said Guntram B. Wolff, director of Bruegel, a public policy research organization in Brussels.
