The National Energy Modeling System: An Overview 2003

2002 Overnight Capital Costs (including Contingencies), 2002 Heat Rates, and Online Year by
Technology for the AEO2003 Reference Case

Technology

Capital Costs1/
(2001$/Kwhr)

2002 Heat
Rates
  (Btu/Kwhr)

Online
Year2/

Advanced Combustion Turbine

460

8,550

2004

Conventional Combustion Turbine

409

10,450

2004

Advanced Gas/Oil Combined Cycle

608

7,000

2005

Conventional Gas/Oil Combined Cycle

536

7,500

2005

Scrubbed Coal New

1,154

9,000

2006

Integrated Gas Combined Cycle

1,367

8,000

2006

Fuel Cells

2,137

7,500

2005

Advanced Nuclear

2,117

10,400

2007

Biomass

1,763

8,911

2006

Solar Thermal

2,594

10,280

2005

Solar Photovoltaic

3,915

10,280

2004

Wind

1,003

10,280

2005

1/Overnight capital cost include contingency factors, and exclude regional multipliers and learning effects. Interest charges are also excluded. These represent costs of new projects initiated in 2002.  
2/Online year represents the first year that a new unit could be completed, given an order date of 2002.