1 Megawatt hour is equivalent to 3.6 gigajoules or 3.6 x 10 9 joules. To compute the LCOE of thermal you need to add the variable cost. The unit will not run unless the market price of electricity is higher than $21. One MWh of electricity has the same amount of energy as 3.412 mmBTU. Suppose gas costs $3/MMBtu. California. The John A. Dutton e-Education Institute is the learning design unit of the College of Earth and Mineral Sciences at The Pennsylvania State University. 5 MMBTU = (5 × 0.293071) = 1.465355 MWh. California Energy Commission1516 Ninth StreetSacramento, 2217 Earth and Engineering Sciences Building, University Park, Pennsylvania 16802 But if all the available combined-cycle units have been turned on and it is necessary to dispatch a single-cycle unit with a heat rate of 10 MMBtu/MWh, then the market rate will have to jump to at least $3/MMBtu x 10 = $30/MWh to get the single-cycle unit to run. What Could Change the Future of U.S. Natural Gas Demand? In a power plant, the conversion rate of MMBTU to MHW hours determines the plant’s efficiency and is known as the plant’s heat rate. The efficiency is 1/1.99 or 50.25%. 3412 BTU/kWh or 3412 kbtu/mwh or 3.412 mmbtu/mwh; Eg. Please send comments or suggestions on accessibility to the site editor. This is input/output. MMBTU/MWH = Normal HR (BTU/kWh) x 1000 LCOE = (Cap cost/kW x CCR + FOM)/(8760 x CF) + Fuel/MWH + Var O&M/MWH . In most cases, there are two key factors that go into the determination: In some cases other variable costs such as operating and maintenance (O&M) and emission allowance costs come in to play, but heat rate and fuel cost are most commonly the predominant variables. ( Log Out / Don't confuse this with the cost of capacity ($/MW or $/kW)! The conversions on this site will not be accurate enough for all applications. Contact | As 1 BTU is 1/3412 kWh, 6,800/3412 kWh in/kWh out or the efficiency is 1.99 input kWh for 1 output kWh. 1 MWH is equivalent to 3.412 MMBTU. If E is the efficiency of a power plant (in percentage terms) and HR is the heat rate, we can convert between the two as follows: You can download an excel file that has a whole bunch of the conversions that I have collected over the years. To calculate the plant's marginal cost, we would first convert the efficiency to a heat rate: Next, we would multiply the heat rate by the fuel price to get the plant's marginal cost: MC = $2.50 / mmBTU × 9.75 mmBTU / MWh = $24.37 / MWH. And, since generally no one wants to sell their power for less than the price of competitive alternatives (just like when you sell your house, you base it on comps of similar houses that recently sold, not a formula based on what you bought it for originally), the marginal unit sets the market price. Eg. The variable cost include the fuel cost and the O&M. de C.V. (Baja Mexico Wind), Mustang Hills LLC (Alta Wind VI Energy Center), Mojave 3 (Mojave 3-4-5 (Desertwind II PPC Trust) - 6113), Shiloh I Wind (Victory Garden Prtnr PHIV), Terra-Gen Mojave Windfarms (TPC Wind Farms - Tehachapi Power Purchase Trust), International Turbine Research Inc. (Retired June 14, 2018), Mojave 16, 17, 18 (Mojave 16-17-18 (Desertwind III PPC Trust) - 6063-6114), Painted Hills Wind Developers (Zond Systems Inc - 6112), Sky River Partnership (ESI Energy Inc - 6065), Wind Stream Operations 6039 (Zond Systems Inc - 6039), Wind Stream Operations 6040 (Zond Systems Inc - 6040), Wind Stream Operations 6041 (Zond Systems Inc - 6041), Wind Stream Operations 6042 (Zond Systems Inc - 6042), Wind Stream Operations 6111 (AES Tehachapi Wind - Zond Systems Inc - Northwind), Ridgetop Energy (Cannon Energy Corp - 6092), Shiloh Wind Project 2, LLC (Shiloh II & III). Main MMBtu: Total primary fuel consumed by the plant in a year as measured in MMBtu. So the short run marginal cost captures fuel and variable O&M costs. For most datasets, the oldest year will be 2001. Thus, a plant with a heat rate of 3.412 would be perfectly efficient. Calculators | NGCC heat rate is 6,400 btu/kwh. We will also use the abbreviation "mmBTU" for "million BTU.". The energy in megawatt-hours is equal to the million BTU multiplied by 0.293071. Corporate Finance Theory, Magic Potion and McKinsey B.S. Excel file with Collection of Conversion Factors Including Electricity, Oil, Coal and Other Factors, Comprehensive Electricity Analysis with Incremental Heat Rates, Screening Analysis and Other Issues. 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