Methods of Determining Depreciation: There is reduction in the value of the equipment and other property of the plant every year due to depreciation. Therefore, a suitable amount (known as depreciation charge) must be set…
Cost of Electrical Energy: The total Cost of Electrical Energy generated can be divided into three parts, namely ; Fixed cost ;Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Semi-fixed cost ;Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Running or operating cost. (i) Fixed cost:Â It is the cost…
Introduction to Economics of Power Generation: A power station is required to deliver power to a large number of consumers to meet their requirements. While designing and building a power station, efforts should be made…