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HomeMy WebLinkAbout16. Galena Wood Heat Econ AssessmentAEA B/C Model Project Description Alternative:Wood Steam Scenario:Medium Oil, Medium Wood Community Nearest Fuel Community Comments:  (Please  assign  comment  ID  and  hyperlink  next  to  applicable  column/row) Region Value RE Technology 200                            Wood Price Year 1 ($/GT) Project ID 2,300.40          Wood Fuel Usage (GT/yr) Applicant Name 122,000            Wood heat O&M ($/yr) Project Title 101,000            Oil System O&M Category 2012$Year $ used for all values 12                                Wood fuel energy content mmBtu/green ton wood chips Assume MC wet basis ranges from 25-45% Results 75%Wood combustion efficiency NPV Benefits $6,671,309 135,000            Fuel oil energy content (Btu/gal) NPV Capital Costs $2,963,710 80%Oil combustion efficiency B/C Ratio 2.25 Annual change in wood price proportional to change in oil price NPV Net Benefit $3,707,599 243,880            Cost of repair to steam DHS whether or not wood project is developed (included in proposed project cost) 191,700            Amount of fuel that wood displaces (gal/yr) Performance Unit Value 12,150                Amount of fuel that the proposed system saves by upgrading oil burner controls to turn-down ratio of 8:1 (50% of difference between 216,000 gpy in current system and wood displacement) Displaced Electricity kWh per year - 203,850            Total fuel displaced by project Displaced Electricity total lifetime kWh - Displaced Petroleum Fuel gallons per year 203,850 Displaced Petroleum Fuel total lifetime gallons 4,077,000 Displaced Natural Gas mmBtu per year - Displaced Natural Gas total lifetime mmBtu - Avoided CO2 tonnes per year 2,069 Avoided CO2 total lifetime tonnes 41,382 Proposed System Unit Value Capital Costs $3,144,200$ Project Start year 2015 Project Life years 20 Displaced Electric kWh per year Displaced Heat gallons displaced per year 203,850 Displaced Transportation gallons displaced per year Renewable Generation O&M $ per kWh Electric Capacity kW Electric Capacity Factor % Heating Capacity Btu/hr Heating Capacity Factor % Base System Unit Value Diesel Generator O&M $ per kWh 0.020$ Diesel Generation Efficiency kWh per gallon 13.00 Parameters Unit Value Heating Fuel Premium $ per gallon -$ Transportation Fuel Premium $ per gallon 1.61$ Discount Rate % per year 3% Crude Oil $ per barrel EIA High Natural Gas $ per mmBtu EIA Low 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Annual Savings (Costs)Units 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Entered Value Project Capital Cost $ per year -$ -$ -$ -$ -$ -$ -$ 3,144,200$ -$ -$ -$ -$ -$ -$ -$ Electric Savings (Costs)$ per year $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Heating Saving (Costs)$ per year $0 $0 $0 $0 $0 $0 $0 $626,346 $382,049 $389,192 $399,996 $407,941 $415,898 $423,618 $431,381 Transportation Savings (Costs)$ per year $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Savings (Costs)$ per year $0 $0 $0 $0 $0 $0 $0 $626,346 $382,049 $389,192 $399,996 $407,941 $415,898 $423,618 $431,381 Net Benefit $ per year $0 $0 $0 $0 $0 $0 $0 ($2,517,854)$382,049 $389,192 $399,996 $407,941 $415,898 $423,618 $431,381 Heating Units 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Renewable Heat gallons displaced per year - - - - - - - 203,850 203,850 203,850 203,850 203,850 203,850 203,850 203,850 Entered Value Renewable Heat Scheduled Repairs $ per year -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Entered Value Renewable Heat O&M $ per year -$ -$ -$ -$ -$ -$ -$ 122,000$ 122,000$ 122,000$ 122,000$ 122,000$ 122,000$ 122,000$ 122,000$ Entered Value Renewable Fuel Use Quantity (Biomass)green tons -$ -$ -$ -$ -$ -$ -$ 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 Entered Value Renewable Fuel Cost $ per unit -$ -$ -$ -$ -$ -$ -$ 200.00$ 199.79$ 203.33$ 208.69$ 212.63$ 216.57$ 220.40$ 224.25$ Total Renewable Fuel Cost $ per year -$ -$ -$ -$ -$ -$ -$ 460,080$ 459,604$ 467,749$ 480,070$ 489,129$ 498,203$ 507,007$ 515,858$ Proposed Heat Cost $ per year -$ -$ -$ -$ -$ -$ -$ 582,080$ 581,604$ 589,749$ 602,070$ 611,129$ 620,203$ 629,007$ 637,858$ Fuel Use gallons per year - - - - - - - 203,850 203,850 203,850 203,850 203,850 203,850 203,850 203,850 Fuel Cost $ per gallon -$ 4.10$ 3.50$ 3.47$ 4.11$ 4.44$ 4.21$ 4.24$ 4.23$ 4.31$ 4.42$ 4.50$ 4.59$ 4.67$ 4.75$ Entered Value Fuel Scheduled Repairs $ per year -$ -$ -$ -$ -$ -$ -$ 243,880$ -$ -$ -$ -$ -$ -$ -$ Entered Value Fuel O&M $ per year -$ -$ -$ -$ -$ -$ -$ 101,000$ 101,000$ 101,000$ 101,000$ 101,000$ 101,000$ 101,000$ 101,000$ Fuel Cost $ per year -$ -$ -$ -$ -$ -$ -$ 863,546$ 862,652$ 877,942$ 901,066$ 918,071$ 935,102$ 951,625$ 968,240$ Base Heating Cost $ per year -$ -$ -$ -$ -$ -$ -$ 1,208,426$ 963,652$ 978,942$ 1,002,066$ 1,019,071$ 1,036,102$ 1,052,625$ 1,069,240$ Galena Galena Rural Description Biomass City of Galena Galena Biomass District Heating Construction Proposed Base 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $439,327 $447,458 $455,774 $464,250 $472,971 $481,853 $490,956 $500,280 $509,799 $519,542 $529,539 $539,737 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $439,327 $447,458 $455,774 $464,250 $472,971 $481,853 $490,956 $500,280 $509,799 $519,542 $529,539 $539,737 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $439,327 $447,458 $455,774 $464,250 $472,971 $481,853 $490,956 $500,280 $509,799 $519,542 $529,539 $539,737 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 203,850 203,850 203,850 203,850 203,850 203,850 203,850 203,850 203,850 203,850 203,850 203,850 - - - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 122,000$ 122,000$ 122,000$ 122,000$ 122,000$ 122,000$ 122,000$ 122,000$ 122,000$ 122,000$ 122,000$ 122,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 - - - - - - - -$ -$ -$ -$ -$ -$ -$ -$ -$ 228.19$ 232.22$ 236.34$ 240.54$ 244.86$ 249.27$ 253.78$ 258.40$ 263.12$ 267.95$ 272.90$ 277.96$ ############################################################313.67$ 317.27$ 320.94$ 324.68$ 328.48$ 332.36$ 524,919$ 534,191$ 543,674$ 553,340$ 563,284$ 573,413$ 583,793$ 594,425$ 605,279$ 616,390$ 627,790$ 639,419$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 646,919$ 656,191$ 665,674$ 675,340$ 685,284$ 695,413$ 705,793$ 716,425$ 727,279$ 738,390$ 749,790$ 761,419$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 203,850 203,850 203,850 203,850 203,850 203,850 203,850 203,850 203,850 203,850 203,850 203,850 - - - - - - - - - - - - - - - - 4.83$ 4.92$ 5.01$ 5.09$ 5.19$ 5.28$ 5.38$ 5.47$ 5.57$ 5.68$ 5.78$ 5.89$ 5.95$ 6.01$ 6.08$ 6.15$ 6.21$ 6.28$ 6.35$ 6.42$ 6.50$ 6.57$ 6.64$ 6.72$ 6.80$ 6.88$ 6.96$ 7.04$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 101,000$ 101,000$ 101,000$ 101,000$ 101,000$ 101,000$ 101,000$ 101,000$ 101,000$ 101,000$ 101,000$ 101,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 985,246$ 1,002,648$ 1,020,448$ 1,038,590$ 1,057,254$ 1,076,266$ 1,095,749$ 1,115,705$ 1,136,078$ ########################-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 1,086,246$ 1,103,648$ 1,121,448$ 1,139,590$ 1,158,254$ 1,177,266$ 1,196,749$ 1,216,705$ 1,237,078$ ########################-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Description 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 2051 2052 2053 2054 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 PV -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ $2,963,710 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $6,671,309 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $6,671,309 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,707,599 2051 2052 2053 2054 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 PV - - - - - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ $0 -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ $1,762,186 -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 336.30$ 340.32$ 344.42$ 348.59$ 352.84$ 357.18$ 361.59$ 366.09$ 370.68$ 375.36$ 380.13$ 384.99$ 389.95$ 395.01$ 400.17$ 405.43$ 410.79$ 416.27$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ $9,453,355 - - - - - - - - - - - - - - - - - - 7.12$ 7.21$ 7.30$ 7.38$ 7.47$ 7.57$ 7.66$ 7.75$ 7.85$ 7.95$ 8.05$ 8.15$ 8.26$ 8.37$ 8.48$ 8.59$ 8.70$ 8.82$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ $229,880 -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ $1,458,859 -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ $14,435,924 -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ $16,124,664 Description