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The economic assessment indicates that this innovative high temperature heat and power storage system, even taking into account conservative electricity and heat prices, is very profitable.
The electricity and heat demands during one year are affected by many uncertainties, such as the growing population, energy-transformation rate, electricity and heat prices and changing weather; all of those factors would produce many complicated uncertainties (Li et al. Li et al. [2006a], [b]; Liu [2007]; Li et al. [2008]).
Mr. Trump may argue that with coal generation set to retire due to the Clean Power Plan and other climate pressures, that electricity and heat prices will rise since coal is generally the cheapest generation source.
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It is further found that the equivalent solar heat price per kWh is too high under the current solar market cost price and collector technology.
Sensitivity analysis method was used to investigate the impact of pump overall efficiency, electricity price, heat price and interest rate on the optimum PDPUL and the MAC of the DH piping network.
For energy savings related costs it has been used the heat price applied by IREN Mercato S.p.A. in Turin and the annual growth rate of energy price supposed to be 6%% while maintenance costs are supposed to be 4%% of investment costs.
The increase of hydrogen storage capacity could also increase the profitability of this system; however this increase is limited by the low round-trip electrical efficiency of the system, the fixed heat price and the prohibited selling of hydrogen.
Finally, the district heat price had a considerable influence on scenarios A4, A3 and B, in descending order.
It will steadily drive up gasoline prices, home heating prices and factory electricity prices.
Home heating prices in the Northeast, the region that relies primarily on oil to heat homes, have doubled over the past year.
"High home heating prices particularly hurt senior citizens who are on a fixed income and are forced to make tough choices when the prices spike".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com