Valuing responsive operation of post-combustion CCS power plants in low carbon electricity markets

Abstract

This work considers the potential value in the additional flexibility of CCS post-combustion power plants gained by varying the operating CO2 capture level. The continuous relationship between CO2 capture level and the specific electricity output penalty is illustrated, and a new methodology is proposed for maximising net plant income through optimising the operating capture level. This methodology allows the plant to respond to electricity prices, fuel prices, and carbon reduction incentives including CO2prices and premium payments for low carbon electricity. The implications for flexible operation under different market scenarios are qualified, and the indicative value to plant operators is determined.