DocumentCode :
1181189
Title :
Houston Lighting and Power Company Evaluation of Compressed Air Energy Storage
Author :
Vadie, Henry H. ; Lee, Stephen T.
Author_Institution :
Houston Lighting and Power Company
Issue :
4
fYear :
1985
fDate :
7/1/1985 12:00:00 AM
Firstpage :
796
Lastpage :
802
Abstract :
Compressed air energy storage (CAES) is a resource being evaluated by Houston Lighting and Power Company (HL&P). There is underground salt formation suitable for CAES development around HL&P´s service area. This paper presents the results of a preliminary economic analysis of a 660 MW CAES plant in 1994 in comparison with a coal/lignite plant. Sensitivity analysis was conducted to examine the effect of off-peak charging energy from outside systems and the effect of gas prices. Results indicated that the CAES plant had a benefit to cost ratio of 1.15 which would be raised above 1.5 if off-system charging energy at a reasonable price could be obtained. Decreasing gas price would favor CAES in comparison with coal or lignite. The CAES plant in operation would save 5 to 13 million mcf of gas per year.
Keywords :
Buildings; Cities and towns; Cogeneration; Energy storage; Fuel economy; Marketing and sales; Power generation; Power generation economics; Power system economics; Sensitivity analysis;
fLanguage :
English
Journal_Title :
Power Apparatus and Systems, IEEE Transactions on
Publisher :
ieee
ISSN :
0018-9510
Type :
jour
DOI :
10.1109/TPAS.1985.319076
Filename :
4113156
Link To Document :
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