Fuel switching in power-plants: Modelling and impact on the analysis of energy projects

In the present work, a time-dependent computational model is presented and applied in the case study of the Greek Power Sector, in order to estimate the potential advantages of the fuel switching concept. Moreover, the optimal timing of switching is derived, to ensure increasing yields of an average-capacity power-plant. The results of the research indicate significant financial benefits anticipated in most scenarios from applying fuel switching, compared to single-fuelled electricity generation units. Security of fuel supply and enhanced flexibility may also be offered to the power plant since more than one technology and fuels may be engaged.