Deleted User 1/14/2016

Like

550 Views

Hi Leap- Community,

I created an energy model using the current version of Leap. In particular, I mainly specified the electricity generation sector.

Now I'm confused about the interpretation of the results concerning to the costs. I have some questions about it :

1.) What costs are summarized in the tab "Social Costs" ? Does it include capital costs, fixed OM- Costs and variable OM costs? (I didn't use externality costs)

2.) What does "Cost of Production" include? (divided by branches)

3.) What is the difference between "Investment Costs" and "Capital Costs" ?
I compared the tab "Investment Costs" to the "Capital Costs" occurred in the "Social Costs".

I'm grateful about help because I'm really confused about the different results.

Thanks in advance !

Taylor Binnington 1/14/2016
 

Like

547 Views

Hi Christoph,

1. Social Costs represent the overall cost for a scenario. As with other results, the values you see displayed depend on where you have clicked in the tree with you mouse - but if you select the highest-level branch in your area, you'll be viewing the totals cost for your whole model for each of LEAP's cost categories. The term "social" is applied because the costs may include externalities which have been priced, and also because the costs represent the cost to society as a whole - LEAP makes no judgement about who must bear these costs.

http://www.energycommunity.org/WebHelpPro/Results_Categories/Costs.htm

2. The Cost of Production is described here:

http://www.energycommunity.org/WebHelpPro/Results_Categories/Module_Cost_Balance.htm

It gives you the cost (expressed as a positive number) to produce a transformation module's output fuels. By default it includes auxiliary fuel costs, feedstock fuel costs, externality costs, capital, fixed and variable OM costs and stranded costs. It also includes any module-level costs, if specified using the Module Costs variable. It excludes sales revenue.

3. The investment cost in each year (only for transformation processes) is the product of the number of MW added * cost for each MW. Here is the help page:

http://www.energycommunity.org/WebHelpPro/Results_Categories/Investment_Costs.htm

The Capital "cost category" in each year, which you'll see under Social Costs, shows the annualized investment cost using the process' lifetime and interest rate.

Hope this helps,
Taylor