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UM

Gross final electricity consumption


TWh
Net final electricity consumption
TWh
E-RES generation, of which:
TWh
Hydro > 10 MW
TWh
Hydro <=10 MW
TWh
Wind
TWh
Biomass
TWh
Solar
TWh
Supported E-RES generation
TWh
E-RES weight in gross final consumption
%
Effective quota of supported E-RES in gross final
consumption
%
Mandatory quota of supported E-RES in gross final consumption
%
Green Certificates price
Euro
Yearly budget of the scheme
mil Euro
Final consumer price rising as a result of the scheme
Euro/MWh
Total budget
mil Euro

Cummulated installed capacities


Wind - new equipment (MW)
Wind reused (MW)
Hydro - new (MW)
Hydro upgraded (MW)
Hidro - old (MW)
BiomassCogen (MW)
Landfill/SewageGas (MW)
BiomassE (MW)
BiomassECropsE (MW)
Solar (MW)

IRR
10.9%
9.2%
10.2%
10.3%
17.7%
10.5%
11.8%
11.8%
11.3%
11.5%

2011
57.28
45.32
17.54
16.04
0.87
0.02
0.60
0.01
4.24
30.6%

2012
58.36
46.40
19.43
16.31
1.00
0.96
1.10
0.06
6.24
33.3%

2013
59.45
47.49
21.55
16.62
1.13
2.01
1.67
0.11
8.30
36.2%

2014
60.56
48.60
23.33
17.10
1.26
2.78
2.03
0.16
9.40
38.5%

2015
61.70
49.74
24.78
17.49
1.39
3.30
2.41
0.18
10.69
40.2%

2016
63.52
51.56
25.63
17.62
1.52
3.42
2.87
0.20
11.77
40.3%

2017
65.41
53.45
25.76
17.75
1.52
3.42
2.87
0.20
11.77
39.4%

2018
67.34
55.38
25.89
17.88
1.52
3.42
2.87
0.20
11.76
38.5%

2019
69.34
57.38
26.16
18.15
1.52
3.42
2.87
0.20
11.75
37.7%

2020
71.39
59.43
26.42
18.41
1.52
3.42
2.87
0.20
11.75
37.0%

7.40%
10.00%
55
454
10.02
8829.21

10.69%
12.00%
56
720
15.51

13.96%
14.00%
57
847
17.83

15.53%
15.00%
28
579
11.91

17.33%
16.00%
27
583
11.73

18.53%
17.00%
27
662
12.83

18.00%
18.00%
62
1343
25.13

17.46%
19.00%
63
1316
23.76

16.95%
19.50%
64
1152
20.07

16.46%
20.00%
66
1175
19.77

2011
1250
12
117
34
286
45
5
20
20
8

2012
1850
14
167
59
261
83
8
37
37
43

2013
2450
16
217
84
236
126
11
56
57
78

2014
2880
18
267
109
211
150
14
70
70
113

2015
3200
20
317
134
186
175
17
85
85
130

2016
3400
20
367
159
161
210
20
100
100
140

2017
3400
20
367
159
161
210
20
100
100
140

2018
3400
20
367
159
161
210
20
100
100
140

2019
3400
20
367
159
161
210
20
100
100
140

2020
3400
20
367
159
161
210
20
100
100
140

General Assumptions
Gross electricity consumption 2010-GEC (MWh)
Yearly forecasted increase of consumption (%)

Yearly GEC (GWh)


Yearly NEC (GWh)
Yearly obligation NEC quota from supported renewables (%)
Inflation rate EUR (%)
Market electricity price (EUR/MWh) 2010
Yearly forecasted increase of electricity price (%)
Specific assumptions
Renewables installed capacity (MW)
Wind -new equipment
Wind - reused
Hydro - new
Hydro - upgrade
Hydro - existing
BiomassCogen - new
Landfill/SewageGas - new
BiomassE - new
BiomassECropsE - new
Solar - new
Renewables production (GWh)
Wind -new equipment
Wind - reused
Hydro - new
Hydro - upgrade
Hydro - existing
BiomassCogen
Landfill/SewageGas
BiomassE
BiomassECropsE
Solar
Supported renewable production (GWh)
Wind -new equipment-prior
Wind -new equipment-new
Wind - reused -prior
Wind - reused -new
Hydro - new -prior
Hydro - new -new
Hydro - upgrade -prior
Hydro - upgrade -new
Hydro - existing
BiomassCogen - prior
BiomassCogen - new
Landfill/SewageGas - prior
Landfill/SewageGas - new
BiomassE - prior
BiomassE - new
BiomassECropsE - prior
BiomassECropsE - new
Solar - prior
Solar - new

56230000
1.87%
2010-2015
2011
57283
45323
10.0%
2%
47
2.0%

2.96%
2016-2030
2012
58356
46396
12.0%

1797
1250
12
117
34
286
45
5
20
20
8
1501
0
17
287
71
514
327
28
130
116
11
4239
2738

2559
1850
14
167
59
261
83
8
37
37
43
3127
942
20
410
124
469
603
46
240
214
60
6237
4052

17

20

287

410

71

124

514
327

469
603

28

46

130

240

116

214

11

60

2013
59449
47489
14.0%

2014
60563
48603
15.0%

2015
61697
49737
16.0%

2016
63524
51564
17.0%

2017
65405
53445
18.0%

2018
67343
55383
19.0%

2019
69337
57377
19.5%

2020
71390
59430
20.0%

3331
2450
16
217
84
236
126
11
56
57
78
4925
1989
22
532
177
424
916
63
363
330
109
8301
4052
1314
20
3
410
123
124
53
424
603
313
46
17
240
123
214
116
60
49

3902
2880
18
267
109
211
150
14
70
70
113
6233
2758
25
655
229
379
1091
80
454
405
158
9404
4052
2256
20
6
410
245
124
105
0
603
487
46
34
240
214
214
191
60
98

4349
3200
20
317
134
186
175
17
85
85
130
7286
3271
28
778
282
334
1272
97
551
491
182
10689
4052
2957
20
8
410
368
124
158
0
603
669
46
51
240
311
214
278
60
122

4677
3400
20
367
159
161
210
20
100
100
140
8009
3395
28
900
334
289
1527
114
648
578
196
11772
4052
3395
20
8
410
491
124
210
0
603
923
46
68
240
408
214
364
60
136

4677
3400
20
367
159
161
210
20
100
100
140
8009
3395
28
900
334
289
1527
114
648
578
196
11772
4052
3395
20
8
410
491
124
210
0
603
923
46
68
240
408
214
364
60
136

4677
3400
20
367
159
161
210
20
100
100
140
8009
3395
28
900
334
289
1527
114
648
578
196
11755
4052
3395
3
8
410
491
124
210
0
603
923
46
68
240
408
214
364
60
136

4677
3400
20
367
159
161
210
20
100
100
140
8009
3395
28
900
334
289
1527
114
648
578
196
11752
4052
3395
0
8
410
491
124
210
0
603
923
46
68
240
408
214
364
60
136

4677
3400
20
367
159
161
210
20
100
100
140
8009
3395
28
900
334
289
1527
114
648
578
196
11749
4052
3395
0
6
410
491
124
210
0
603
923
46
68
240
408
214
364
60
136

Supported production as percent of GEC (%)


GC Budget (mill. EUR)
Wind -new equipment
Wind - reused
Hydro - new
Hydro - upgrade
Hydro - existing
BiomassCogen - new
Landfill/SewageGas - new
BiomassE - new
BiomassECropsE - new
Solar - new
Hydro generation, Pi>10 MW (GWh)
Unsupported renewables production (GWh)
Total electricity from renewables (GWh)
Total electricity from renewables as percent of GEC (%)

7.4%
8829
454
301
2
47
8
14
43
2
14
19
4
16043
13306
17544
30.6%

10.7%

14.0%

15.5%

17.3%

18.5%

18.0%

17.5%

16.9%

16.5%

720
455
2
69
14
13
81
3
27
36
20
16306
13197
19433
33.3%

847
464
3
90
19
12
122
3
41
55
38
16622
13246
21547
36.2%

579
358
1
53
12
0
70
2
25
33
26
17095
13925
23328
38.5%

583
329
2
60
14
0
79
2
29
39
30
17490
14087
24776
40.2%

662
363
2
70
17
0
95
3
35
46
32
17621
13859
25630
40.3%

1343
666
3
160
38
0
215
6
78
104
73
17753
13991
25762
39.4%

1316
629
1
163
39
0
219
6
80
106
74
17884
14138
25893
38.5%

1152
451
1
166
39
0
223
6
81
108
76
18147
14404
26156
37.7%

1175
460
0
169
40
0
228
6
83
110
77
18410
14670
26419
37.0%

2021
73505
61191
20.0%

2022
75682
63003
20.0%

2023
77923
64869
20.0%

2024
80231
66790
20.0%

2025
82607
68768
20.0%

2026
85053
70804
20.0%

2027
87572
72901
20.0%

2028
90166
75060
20.0%

2029
92836
77283
20.0%

2030
95586
79572
20.0%

2031
98417
81929
20.0%

2032
101331
84355
20.0%

4677
3400
20
367
159
161
210
20
100
100
140
8009
3395
28
900
334
289
1527
114
648
578
196
11675
4052
3395
0
3
410
491
53
210
0
603
923
46
68
240
408
214
364
60
136

4677
3400
20
367
159
161
210
20
100
100
140
8009
3395
28
900
334
289
1527
114
648
578
196
11620
4052
3395
0
0
410
491
0
210
0
603
923
46
68
240
408
214
364
60
136

4677
3400
20
367
159
161
210
20
100
100
140
7993
3395
11
900
334
289
1527
114
648
578
196
11567
4052
3395
0
0
410
491
0
158
0
603
923
46
68
240
408
214
364
60
136

4677
3400
20
367
159
161
210
20
100
100
140
7990
3395
8
900
334
289
1527
114
648
578
196
11515
4052
3395
0
0
410
491
0
105
0
603
923
46
68
240
408
214
364
60
136

4677
3400
20
367
159
161
210
20
100
100
140
7698
3395
6
900
334
0
1527
114
648
578
196
11462
4052
3395
0
0
410
491
0
53
0
603
923
46
68
240
408
214
364
60
136

4677
3400
20
367
159
161
210
20
100
100
140
7695
3395
3
900
334
0
1527
114
648
578
196
7773
1314
3395
0
0
123
491
0
0
0
276
923
17
68
110
408
98
364
49
136

4677
3400
20
367
159
161
210
20
100
100
140
7692
3395
0
900
334
0
1527
114
648
578
196
5785
0
3395
0
0
0
491
0
0
0
0
923
0
68
0
408
0
364
0
136

4677
3400
20
367
159
161
210
20
100
100
140
7692
3395
0
900
334
0
1527
114
648
578
196
3731
0
2081
0
0
0
368
0
0
0
0
611
0
51
0
285
0
249
0
87

4677
3400
20
367
159
161
210
20
100
100
140
7692
3395
0
900
334
0
1527
114
648
578
196
2260
0
1139
0
0
0
245
0
0
0
0
436
0
34
0
194
0
173
0
38

4677
3400
20
367
159
161
210
20
100
100
140
7692
3395
0
900
334
0
1527
114
648
578
196
1030
0
438
0
0
0
123
0
0
0
0
254
0
17
0
97
0
87
0
14

3005
2150
8
250
125
0
165
15
80
80
132
41559
3395
235
8070
2428
4721
11793
894
4687
4180
1156
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2218
1550
6
200
100
0
127
12
63
63
97
3182
3142
2
5
3
0
4
2
4
6
15
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

15.9%

15.4%

14.8%

14.4%

13.9%

9.1%

6.6%

4.1%

2.4%

1.1%

0.0%

0.0%

18410
14744
26419
35.9%

18410
14800
26419
34.9%

18410
14835
26403
33.9%

18410
14885
26400
32.9%

18410
14646
26108
31.6%

18410
18332
26105
30.7%

18410
20317
26102
29.8%

18410
22371
26102
28.9%

18410
23842
26102
28.1%

18410
25072
26102
27.3%

18410
59969
59969
60.9%

18410
21592
21592
21.3%

EXEMPLU PT ANALIZA DIN PRIMAVARA ANULUI 2012


Assumptions
Specific investment cost (EUR/MW)
Lifetime (years)
Average capacity factor (%)
Number of GC: 15 years

1570000
20
25.0%

Inflation rate factor


Specific fixed operating costs (EUR/MW)
Specific variable operating costs (EUR/MWh)
2009
Yearly installed capacity (MW)-prior
Yearly installed capacity (MW)-new
Cummulated capacity (MW)-prior
Cummulated capacity (MW)-new
Investment costs (mill. EUR)-prior
Investment costs (mill. EUR)-new
Electricity production (GWh)-prior
Electricity production (GWh)-new
Electricity market price (EUR/MWh)
Revenues from electricity market (mill. EUR)-prior
Revenues from electricity market (mill. EUR)-new
Number of GC (1000 units)

0
0

2010
2011
2012
new

Coeficienti de reducere
2012
2013
1
0.886

2
2012
2013
2%
30000
10

2
2

1.02

1.04

2010
0

2011
1250

1
2012
600

1250

1850

1963
0

942
0
2738

0
942
4052

47
0

48
131

49
198

0
0

5475
0
5475000

8103
0
5475000
2628000

0
0
55
0

5475
0
55
301
0
432
0
65
0
0

8103
0
56
455
0
653
0
96
0
-942

2013

2
2
1.772
1.06

2
2
1.772
1.08

2
2
1.772
1.10

2
2
1.772
1.13

2
2
1.772
1.15

1
1
0.886
1.17

1
1
0.886
1.20

2
2013
0
600
1850
600
0
675.1
4052
1314
50
202
66
10431
0
5475000
2628000
2328408

3
2014
0
430
1850
1030
0
502.4
4052
2256
51
206
115
12100
0
5475000
2628000
2328408
1668692

4
2015
0
320
1850
1350
0
314
4052
2957
52
210
153
13342
0
5475000
2628000
2328408
1668692
1241818

8103
2328
57
464
133
666
199
96
31
-507

8103
3997
28
224
111
430
225
96
53
-330

8103
5239
27
219
141
429
295
96
70
-89

5
2016
0
200
1850
1550
0
0
4052
3395
53
214
180
14118
0
5475000
2628000
2328408
1668692
1241818
776136
8103
6015
27
222
164
436
344
96
80
264

6
2017
0
0
1850
1550
0
0
4052
3395
54
219
183
14118
0
5475000
2628000
2328408
1668692
1241818
776136
8103
6015
62
502
373
721
556
96
80
475

7
2018
0
0
1850
1550
0
0
4052
3395
55
223
187
7059
0
2737500
1314000
1164204
834346
620909
388068
4052
3008
63
256
190
479
377
96
80
296

8
2019
0
0
1850
1550
0
0
4052
3395
56
228
191
7059
0
2737500
1314000
1164204
834346
620909
388068
4052
3008
64
261
194
489
384
96
80
304

384

80

80

80

80

2014
2015
2016
Number of GC (1000 units)-prior
Number of GC (1000 units)-new
GC price (EUR/GC)
Revenues from GC (mill. EUR)-prior
Revenues from GC (mill. EUR)-new
Total revenues (mill. EUR)-prior
Total revenues (mill. EUR)-new
Total operating costs (mill. EUR)-prior
Total operating costs (mill. EUR)-new
Net cash flow (mill. EUR)-new

IRR
Discount rate (%)

0
0
0
0
0

10.9% IRRref
10%

Discounted cost (mill Euro)

0
2,526.57

Discounted electricity (MWh)


25,737.70
Levelised electricity cost (Euro/MWh)
98.17

10.9% dif

942

2014

0.0%

706

556

1
1
0.886
1.22

9
2020
0
0
1850
1550
0
0
4052
3395
57
232
194
7059
0
2737500
1314000
1164204
834346
620909
388068
4052
3008
66
266
198
498
392
96
80
312

80

1
1
0.886
1.24

1
1
0.886
1.27

1
1
0.886
1.29

1
1
0.886
1.32

1
1
0.886
1.35

1
1
0.886
1.37

1
1
0.886
1.40

1
1
0.886
1.43

1
1
0.886
1.46

1
1
0.886
1.49

1
1
0.886
1.52

1
1
0.886
1.55

10
2021
0
0
1850
1550
0
0
4052
3395
58
237
198
7059
0
2737500
1314000
1164204
834346
620909
388068
4052
3008
67
272
202
508
400
96
80
320

11
2022
0
0
1850
1550
0
0
4052
3395
60
241
202
7059
0
2737500
1314000
1164204
834346
620909
388068
4052
3008
68
277
206
519
408
96
80
328

12
2023
0
0
1850
1550
0
0
4052
3395
61
246
206
7059
0
2737500
1314000
1164204
834346
620909
388068
4052
3008
70
283
210
529
416
96
80
336

13
2024
0
0
1850
1550
0
0
4052
3395
62
251
211
7059
0
2737500
1314000
1164204
834346
620909
388068
4052
3008
71
288
214
540
424
96
80
344

14
2025
0
0
1850
1550
0
0
4052
3395
63
256
215
7059
0
2737500
1314000
1164204
834346
620909
388068
4052
3008
73
294
218
550
433
96
80
353

15
2026
0
0
1850
1550
0
0
4052
3395
65
261
219
4322
0
0
1314000
1164204
834346
620909
388068
1314
3008
74
97
223
359
442
96
80
361

16
2027
0
0
1850
1550
0
0
4052
3395
66
267
223
3008
0
0
0
1164204
834346
620909
388068
0
3008
76
0
227
267
450
96
80
370

17
2028
0
0
1850
1550
0
0
4052
3395
67
272
228
1843
0
0
0
0
834346
620909
388068
0
1843
77
0
142
272
370
96
80
289

18
2029
0
0
1850
1550
0
0
4052
3395
68
277
232
1009
0
0
0
0
0
620909
388068
0
1009
79
0
79
277
312
96
80
231

19
2030
0
0
1850
1550
0
0
4052
3395

20
2031
0
0
600
1550
0
0
1314
3395

388
0
0
0
0
0
0
388068
0
388
80
0
31
0
31
96
80
-49

0
0
0
0
0
0
0
0
0
0
82
0
0
0
0
31
80
-80

21
2032
0
0
0
1550
0
-253
0
3395
70
0
237
0
0
0
0
0
0
0
0
0
0
83
0
0
0
237
0
80
409

80

80

80

80

80

80

80

80

80

80

80

-172

144729

Assumptions
Specific investment cost (EUR/MW)
Lifetime (years)
Average capacity factor (%)
Number of GC: 7 years

650000
12
16%

Inflation rate factor


Specific fixed operating costs (EUR/MW)
Specific variable operating costs (EUR/MWh)

Yearly installed capacity (MW)-prior


Yearly installed capacity (MW)-new
Cummulated capacity (MW)-prior
Cummulated capacity (MW)-new
Investment costs (mill. EUR)-prior
Investment costs (mill. EUR)-new
Electricity production (GWh)-prior
Electricity production (GWh)-new
Electricity market price (EUR/MWh)
Revenues from electricity market (mill. EUR)-prior
Revenues from electricity market (mill. EUR)-new
Number of GC (1000 units)
2010
2011
2012
new

Coeficienti de reducere
2012
2013
1
1

2
2012
2013
2%
45000
10

2
2

1.02

1.04

2010
0

2011
12

2012
2

12

14

8
0
0

1
0
17

0
1
20

47
0

48
1

49
1

0
0

34
0
33638

39
0
33638
5606

0
0
55
0
0
0
0
0
0
0

34
0
55
2
0
3
0
0.7
0
0

39
0
56
2
0
3
0
0.8
0
-1

2013

2
2
2
1.06

2
2
2
1.08

2
2
2
1.10

2
2
2
1.13

2
2
2
1.15

1
1
1
1.17

1
1
1
1.20

1
1
1
1.22

2013

2014

2015

2016

2017

2018

2019

2020

2
14
2
0
1
20
3
50
1
0
45
0
33638
5606
5606

2
14
4
0
1
20
6
51
1
0
50
0
33638
5606
5606
5606

2
14
6
0
0
20
8
52
1
0
56
0
33638
5606
5606
5606
5606

39
6
57
2
0
3
0
0.8
0
-1

39
11
28
1
0
2
1
0.8
0
-1

39
17
27
1
0
2
1
0.8
0
1

0
14
6
0
0
20
8
53
1
0
56
0
33638
5606
5606
5606
5606
0
39
17
27
1
0
2
1
0.8
0
1

0
14
6
0
0
20
8
54
1
0
56
0
33638
5606
5606
5606
5606
0
39
17
62
2
1
3
1
0.8
0
1

0
14
6
0
0
20
8
55
1
0
11
0
0
2803
2803
2803
2803
0
3
8
63
0
1
1
1
0.8
0
1

0
14
6
0
0
20
8
56
1
0
8
0
0
0
2803
2803
2803
0
0
8
64
0
1
1
1
0.8
0
1

0
14
6
0
0
20
8
57
1
0
6
0
0
0
0
2803
2803
0
0
6
66
0
0
1
1
0.8
0
0

2014
2015
2016
Number of GC (1000 units)-prior
Number of GC (1000 units)-new
GC price (EUR/GC)
Revenues from GC (mill. EUR)-prior
Revenues from GC (mill. EUR)-new
Total revenues (mill. EUR)-prior
Total revenues (mill. EUR)-new
Total operating costs (mill. EUR)-prior
Total operating costs (mill. EUR)-new
Net cash flow (mill. EUR)-new
IRR

9.19% IRRref

Discount rate (%)

2014

9.9% dif

-7.2%

10%

Discounted cost (mill Euro)

0
5.18

Discounted electricity (MWh)


52.25
Levelised electricity cost (Euro/MWh)
99.14

1
1
1
1.24

1
1
1
1.27

1
1
1
1.29

1
1
1
1.32

1
1
1
1.35

1
1
1
1.37

1
1
1
1.40

1
1
1
1.43

1
1
1
1.46

1
1
1
1.49

1
1
1
1.52

1
1
1
1.55

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

0
14
6
0
0
20
8
58
1
0
3
0
0
0
0
0
2803
0
0
3
67
0
0
1
1
0.8
0
0

0
14
6
0
0
20
8
60
1
1
0
0
0
0
0
0
0
0
0
0
68
0
0
1
1
0.8
0
0

0
2
6
0
0
3
8
61
0
1
0
0
0
0
0
0
0
0
0
0
70
0
0
0
1
0.1
0
0

0
0
6
0
0
0
8
62
0
1
0
0
0
0
0
0
0
0
0
0
71
0
0
0
1
0.0
0
0

0
0
4
0
0
0
6
63
0
0
0
0
0
0
0
0
0
0
0
0
73
0
0
0
0
0.0
0
0

0
0
2
0
0
0
3
65
0
0
0
0
0
0
0
0
0
0
0
0
74
0
0
0
0
0.0
0
0

0
0
0
0
0
0
0
66
0
0
0
0
0
0
0
0
0
0
0
0
76
0
0
0
0
0.0
0
0

0
0
0
0
0
0
0
67
0
0
0
0
0
0
0
0
0
0
0
0
77
0
0
0
0
0.0
0
0

0
0
0
0
0
0
0
68
0
0
0
0
0
0
0
0
0
0
0
0
79
0
0
0
0
0.0
0
0

0
0
0
0
0
0
0
70
0
0
0
0
0
0
0
0
0
0
0
0
80
0
0
0
0
0
0
0

0
0
0
0
0
0
0
71
0
0
0
0
0
0
0
0
0
0
0
0
82
0
0
0
0
0
0
0

0
0
0
0
0
0
0
73
0
0
0
0
0
0
0
0
0
0
0
0
83
0
0
0
0
0
0
0

1
1
1

235
0

1.55
0

364

0
364

0
0

0
0

0
0

Assumptions
Specific investment cost (EUR/MW)
Lifetime (years)
Average capacity factor (%)
Number of GC: 15 years

3700000
20
28%

Inflation rate factor


Specific fixed operating costs (EUR/MW)
Specific variable operating costs (EUR/MWh)

Yearly installed capacity (MW)-prior


Yearly installed capacity (MW)-new
Cummulated capacity (MW)-prior
Cummulated capacity (MW)-new
Investment costs (mill. EUR)-prior
Investment costs (mill. EUR)-new
Electricity production (GWh)-prior
Electricity production (GWh)-new
Electricity market price (EUR/MWh)
Revenues from electricity market (mill. EUR)-prior
Revenues from electricity market (mill. EUR)-new
Number of GC (1000 units)
2010
2011
2012
new

Coeficienti de reducere
2012
2013
1
0.915

3
2012
2013
2%
30000
10

3
3

1.02

1.04

2010
0

2011
117

2012
50

117

167

432.9
0
0

185
0
287

0
185
410

47
0

48
14

49
20

0
0

861
0
860932.8

1229
0
860932.8
367920

0
0
55
0
0
0
0
0
0
0

861
0
55
47
0
61
0
6.4
0
0

1229
0
56
69
0
89
0
9.1
0
-185

2013

3
3
2.745
1.06

3
3
2.745
1.08

3
3
2.745
1.10

3
3
2.745
1.13

3
3
2.745
1.15

3
3
2.745
1.17

3
3
2.745
1.20

3
3
2.745
1.22

2013

2014

2015

2016

2017

2018

2019

2020

50
167
50
0
185
410
123
50
20
6
1565
0
860932.8
367920
336646.8

50
167
100
0
185
410
245
51
21
12
1902
0
860932.8
367920
336646.8
336646.8

50
167
150
0
185
410
368
52
21
19
2239
0
860932.8
367920
336646.8
336646.8
336646.8

1229
337
57
70
19
91
25
9.1
3
-162

1229
673
28
34
19
55
31
9.1
5
-159

1229
1010
27
33
27
54
46
9.1
8
-147

50
167
200
0
0
410
491
53
22
26
2575
0
860932.8
367920
336646.8
336646.8
336646.8
336646.8
1229
1347
27
34
37
55
63
9.1
11
52

0
167
200
0
0
410
491
54
22
26
2575
0
860932.8
367920
336646.8
336646.8
336646.8
336646.8
1229
1347
62
76
83
98
110
9.1
11
99

0
167
200
0
0
410
491
55
23
27
2575
0
860932.8
367920
336646.8
336646.8
336646.8
336646.8
1229
1347
63
78
85
100
112
9.1
11
101

0
167
200
0
0
410
491
56
23
28
2575
0
860932.8
367920
336646.8
336646.8
336646.8
336646.8
1229
1347
64
79
87
102
114
9.1
11
103

0
167
200
0
0
410
491
57
23
28
2575
0
860932.8
367920
336646.8
336646.8
336646.8
336646.8
1229
1347
66
81
89
104
117
9.1
11
106

193

11

11

11

11

11

2014
2015
2016
Number of GC (1000 units)-prior
Number of GC (1000 units)-new
GC price (EUR/GC)
Revenues from GC (mill. EUR)-prior
Revenues from GC (mill. EUR)-new
Total revenues (mill. EUR)-prior
Total revenues (mill. EUR)-new
Total operating costs (mill. EUR)-prior
Total operating costs (mill. EUR)-new
Net cash flow (mill. EUR)-new
IRR

10.2% IRRref

Discount rate (%)

2014

10.2% dif

0.0%

10%

Discounted cost (mill Euro)

0
645.61

185

188

190

Discounted electricity (MWh)


3,083.99
Levelised electricity cost (Euro/MWh)
209.34

3
3
2.745
1.24

3
3
2.745
1.27

3
3
2.745
1.29

3
3
2.745
1.32

3
3
2.745
1.35

3
3
2.745
1.37

3
3
2.745
1.40

3
3
2.745
1.43

3
3
2.745
1.46

3
3
2.745
1.49

4
4
3.66
1.52

5
5
4.575
1.55

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

0
167
200
0
0
410
491
58
24
29
2575
0
860932.8
367920
336646.8
336646.8
336646.8
336646.8
1229
1347
67
82
90
106
119
9.1
11
108

0
167
200
0
0
410
491
60
24
29
2575
0
860932.8
367920
336646.8
336646.8
336646.8
336646.8
1229
1347
68
84
92
108
121
9.1
11
110

0
167
200
0
0
410
491
61
25
30
2575
0
860932.8
367920
336646.8
336646.8
336646.8
336646.8
1229
1347
70
86
94
111
124
9.1
11
113

0
167
200
0
0
410
491
62
25
30
2575
0
860932.8
367920
336646.8
336646.8
336646.8
336646.8
1229
1347
71
87
96
113
126
9.1
11
115

0
167
200
0
0
410
491
63
26
31
2575
0
860932.8
367920
336646.8
336646.8
336646.8
336646.8
1229
1347
73
89
98
115
129
9.1
11
118

0
167
200
0
0
410
491
65
26
32
1715
0
0
367920
336646.8
336646.8
336646.8
336646.8
368
1347
74
27
100
54
131
9.1
11
120

0
167
200
0
0
410
491
66
27
32
1347
0
0
0
336646.8
336646.8
336646.8
336646.8
0
1347
76
0
102
27
134
9.1
11
123

0
167
200
0
0
410
491
67
27
33
1010
0
0
0
0
336646.8
336646.8
336646.8
0
1010
77
0
78
27
111
9.1
11
100

0
167
200
0
0
410
491
68
28
34
673
0
0
0
0
0
336646.8
336646.8
0
673
79
0
53
28
86
9.1
11
76

0
167
200
0
0
410
491
70
29
34
337
0
0
0
0
0
0
336646.8
0
337
80
0
27
29
61
9.1
11
50

0
50
200
0
0
123
491
71
9
35
0
0
0
0
0
0
0
0
0
0
82
0
0
9
35
2.7
11
24

0
0
200
0
-93
0
491
73
0
36
0
0
0
0
0
0
0
0
0
0
83
0
0
0
36
0.0
11
117

11

11

11

11

11

11

11

11

11

11

11

-82

8070
0

4.79
0

38632

Coeficienti de reducere
Assumptions
Specific investment cost (EUR/MW)
Lifetime (years)
Average capacity factor (%)
Number of GC: 10 years

1700000
20
24.0%

Inflation rate factor


Specific fixed operating costs (EUR/MW)
Specific variable operating costs (EUR/MWh)

Yearly installed capacity (MW)-prior


Yearly installed capacity (MW)-new
Cummulated capacity (MW)-prior
Cummulated capacity (MW)-new
Investment costs (mill. EUR)-prior
Investment costs (mill. EUR)-new
Electricity production (GWh)-prior
Electricity production (GWh)-new
Electricity market price (EUR/MWh)
Revenues from electricity market (mill. EUR)-prior
Revenues from electricity market (mill. EUR)-new
Number of GC (1000 units)
2010
2011
2012
new

2
2012
2013
2%
40000
10

2
2

1.02

1.04

2010
0

2011
34

2012
25

34

59

57.8
0
0

42.5
0
71

0
42.5
124

47
0

48
3

49
6

0
0

143
0
142963.2

248
0
142963.2
105120

0
0
55
0
0
0
0
0
0
0

143
0
55
8
0
11
0
2.1
0
0

248
0
56
14
0
20
0
3.6
0
-43

2013

IRR

10.3% IRRref

Discount rate (%)

2013
0.86

2014

2
2
1.72
1.06

2
2
1.72
1.08

2
2
1.72
1.10

2
2
1.72
1.13

2
2
1.72
1.15

2
2
1.72
1.17

2
2
1.72
1.20

2
2
1.72
1.22

2013

2014

2015

2016

2017

2018

2019

2020

25
59
25
0
42.5
124
53
50
6
3
338
0
142963.2
105120
90403.2

25
59
50
0
42.5
124
105
51
6
5
429
0
142963.2
105120
90403.2
90403.2

25
59
75
0
42.5
124
158
52
6
8
519
0
142963.2
105120
90403.2
90403.2
90403.2

248
90
57
14
5
20
8
3.6
2
-36

248
181
28
7
5
13
10
3.6
3
-35

248
271
27
7
7
13
16
3.6
5
-32

25
59
100
0
0
124
210
53
7
11
610
0
142963.2
105120
90403.2
90403.2
90403.2
90403.2
248
362
27
7
10
13
21
3.6
6
15

0
59
100
0
0
124
210
54
7
11
610
0
142963.2
105120
90403.2
90403.2
90403.2
90403.2
248
362
62
15
22
22
34
3.6
6
28

0
59
100
0
0
124
210
55
7
12
610
0
142963.2
105120
90403.2
90403.2
90403.2
90403.2
248
362
63
16
23
23
34
3.6
6
28

0
59
100
0
0
124
210
56
7
12
610
0
142963.2
105120
90403.2
90403.2
90403.2
90403.2
248
362
64
16
23
23
35
3.6
6
29

0
59
100
0
0
124
210
57
7
12
610
0
142963.2
105120
90403.2
90403.2
90403.2
90403.2
248
362
66
16
24
23
36
3.6
6
30

47

2014
2015
2016
Number of GC (1000 units)-prior
Number of GC (1000 units)-new
GC price (EUR/GC)
Revenues from GC (mill. EUR)-prior
Revenues from GC (mill. EUR)-new
Total revenues (mill. EUR)-prior
Total revenues (mill. EUR)-new
Total operating costs (mill. EUR)-prior
Total operating costs (mill. EUR)-new
Net cash flow (mill. EUR)-new

2012
1

10.3% dif

0.1%

10%

Discounted cost (mill Euro)

0
171.96

43

44

46

Discounted electricity (MWh)


1,520.18
Levelised electricity cost (Euro/MWh)
113.12

2
2
1.72
1.24

2
2
1.72
1.27

2
2
1.72
1.29

2
2
1.72
1.32

2
2
1.72
1.35

2
2
1.72
1.37

2
2
1.72
1.40

2
2
1.72
1.43

2
2
1.72
1.46

2
2
1.72
1.49

3
3
2.58
1.52

4
4
3.44
1.55

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

0
59
100
0
0
124
210
58
7
12
467
0
0
105120
90403.2
90403.2
90403.2
90403.2
105
362
67
7
24
14
37
3.6
6
30

0
59
100
0
0
124
210
60
7
13
362
0
0
0
90403.2
90403.2
90403.2
90403.2
0
362
68
0
25
7
37
3.6
6
31

0
59
100
0
0
124
210
61
8
13
271
0
0
0
0
90403.2
90403.2
90403.2
0
271
70
0
19
8
32
3.6
6
26

0
59
100
0
0
124
210
62
8
13
181
0
0
0
0
0
90403.2
90403.2
0
181
71
0
13
8
26
3.6
6
20

0
59
100
0
0
124
210
63
8
13
90
0
0
0
0
0
0
90403.2
0
90
73
0
7
8
20
3.6
6
14

0
59
100
0
0
124
210
65
8
14
0
0
0
0
0
0
0
0
0
0
74
0
0
8
14
3.6
6
7

0
59
100
0
0
124
210
66
8
14
0
0
0
0
0
0
0
0
0
0
76
0
0
8
14
3.6
6
8

0
59
100
0
0
124
210
67
8
14
0
0
0
0
0
0
0
0
0
0
77
0
0
8
14
3.6
6
8

0
59
100
0
0
124
210
68
8
14
0
0
0
0
0
0
0
0
0
0
79
0
0
8
14
3.6
6
8

0
59
100
0
0
124
210
70
9
15
0
0
0
0
0
0
0
0
0
0
80
0
0
9
15
3.6
6
9

0
25
100
0
0
53
210
71
4
15
0
0
0
0
0
0
0
0
0
0
82
0
0
4
15
1.5
6
9

0
0
100
0
-21
0
210
73
0
15
0
0
0
0
0
0
0
0
0
0
83
0
0
0
15
0.0
6
30

-15

-34

-25

2428

2.51

0
6097

Assumptions
Specific investment cost (EUR/MW)
Lifetime (years)
Average capacity factor (%)
Number of GC: 3 years
Inflation rate factor
Specific fixed operating costs (EUR/MW)
Specific variable operating costs (EUR/MWh)

185000
15
20.5%
2%
52000
10
2010
0
0
53
0
47
0
0
0
55
0
0
0.0
-53

Yearly installed capacity (MW)


Cummulated capacity (MW)
Investment costs (mill. EUR)
Electricity production (GWh)
Electricity market price (EUR/MWh)
Revenues from electricity market (mill. EUR)
Number of GC (1000 units)
GC price (EUR/GC)
Revenues from GC (mill. EUR)
Total revenues (mill. EUR)
Total operating costs (mill. EUR)
Net cash flow (mill. EUR)
IRR

0.5
1.02

0.5
1.04

0.5
1.06

0.5
1.08

0.5
1.10

0.5
1.13

0.5
1.15

0.5
1.17

0.5
1.20

0.5
1.22

2011
286
286
0
514
48
25
257
256799
55
14
39
20.0
19

2012
-25
261
0
469
49
23
234
234352
56
13
36
18.3
18

2013
-25
236
0
424
50
21
212
211904
57
12
33
16.5
17

2014
-25
211
0
379
51
19
0
0
28
0
19
14.8
5

2015
-25
186
0
334
52
17
0
0
27
0
17
13.0
4

2016
-25
161
0
289
53
15
0
0
27
0
15
11.3
4

2017
0
161
0
289
54
16
0
0
62
0
16
11.3
4

2018
0
161
0
289
55
16
0
0
63
0
16
11.3
5

2019
0
161
0
289
56
16
0
0
64
0
16
11.3
5

2020
0
161
0
289
57
17
0
0
66
0
17
11.3
5

20

18

17

15

13

11

11

11

11

11

17.7%

Discount rate (%)

10%

Discounted cost (mill Euro)

53
129.78

Discounted electricity (MWh)


2,429.78
Levelised electricity cost (Euro/MWh)
53.41

0.5
1.24

0.5
1.27

0.5
1.29

0.5
1.32

0.5
1.35

0.5
1.37

0.5
1.40

0.5
1.43

0.5
1.46

0.5
1.49

0.5
1.52

0.5
1.55

2021
0
161
0
289
58
17
0
0
67
0
17
11.3
6

2022
0
161
0
289
60
17
0
0
68
0
17
11.3
6

2023
0
161
0
289
61
18
0
0
70
0
18
11.3
6

2024
0
161
0
289
62
18
0
0
71
0
18
11.3
7

2025
0
0
0
0
63
0
0
0
73
0
0
0.0
0

2026
0
0
0
0
65
0
0
0
74
0
0
0.0
0

2027
0
0
0
0
66
0
0
0
76
0
0
0.0
0

2028
0
0
0
0
67
0
0
0
77
0
0
0.0
0

2029
0
0
0
0
68
0
0
0
79
0
0
0.0
0

2030
0
0
0
0
70
0
0
0
80
0
0
0.0
0

2031
0
0
0
0
71
0
0
1
82
0
0
0.0
0

2032
0
0
0
0
73
0
0
2
83
0
0
0.0
0

11

11

11

11

0.5

4721

703

0.15

Assumptions
Specific investment cost (EUR/MW)
Lifetime (years)
Average capacity factor (%)
Number of GC (15 years)

Coeficienti de reducere
2012
2013
1
0.893

4700000
20
83%
2

2
2

2%
270000
1
0.4
80
19.68

1
1.02

1
1.04

2
2
1.786
1
1.06

20.02

20.33

20.62

20.92

21.23

21.54

21.86

22.19

22.52

2010
0

2011
45

2012
38

2013

2014

2015

2016

2017

2018

2019

2020

43
83
43
0
112.8
603
313
50
30
16
2132
0
785246
663097
683441

24
83
67
0
117.5
603
487
51
31
25
2513
0
785246
663097
683441
381455

25
83
92
0
164.5
603
669
52
31
35
2911
0
785246
663097
683441
381455
397349

1448
683
57
83
39
603
313
21
12
6
125
61
71
37
-88

1448
1065
28
40
29
603
487
21
13
10
83
64
71
57
-110

1448
1462
27
39
39
603
669
21
13
14
83
88
71
78
-154

35
83
127
0
0
603
923
53
32
49
3467
0
785246
663097
683441
381455
397349
556289
1448
2019
27
40
55
603
923
22
13
20
85
124
71
108
16

0
83
127
0
0
603
923
54
33
50
3467
0
785246
663097
683441
381455
397349
556289
1448
2019
62
90
125
603
923
22
13
20
135
195
71
108
87

0
83
127
0
0
603
923
55
33
51
3467
0
785246
663097
683441
381455
397349
556289
1448
2019
63
92
128
603
923
22
13
20
138
199
71
108
91

0
83
127
0
0
603
923
56
34
52
3467
0
785246
663097
683441
381455
397349
556289
1448
2019
64
93
130
603
923
23
14
21
141
203
71
108
95

0
83
127
0
0
603
923
57
35
53
3467
0
785246
663097
683441
381455
397349
556289
1448
2019
66
95
133
603
923
23
14
21
144
207
71
108
99

2012
2013
Number of GC for high efficiency cogeneration
Inflation rate factor
Specific fixed operating costs (EUR/MW)
Specific cogeneration factor: H/E
High efficiency cogeneration quota (of total generation)
Specific variable operating costs (EUR/MWh)
Heat price (EUR/MWh)

Yearly installed capacity (MW)-prior


Yearly installed capacity (MW)-new
Cummulated capacity (MW)-prior
Cummulated capacity (MW)-new
Investment costs (mill. EUR)-prior
Investment costs (mill. EUR)-new
Electricity production (GWh)-prior
Electricity production (GWh)-new
Electricity market price (EUR/MWh)
Revenues from electricity market (mill. EUR)-prior
Revenues from electricity market (mill. EUR)-new
Number of GC (1000 units)
2010
2011
2012

45

83

211.5
0
0

178.6
0
327

0
202.1
603

47
0

48
16

49
30

0
0

785
0
785246

1448
0
785246
663097

0
0
55
0
0
0
0
20
0
0
0
0
0
0
0

785
0
55
43
0
327
0
20
7
0
65
0
38
0
0

1448
0
56
81
0
603
0
20
12
0
123
0
71
0
-202

new 2013
2014
2015
2016
Number of GC (1000 units)-prior
Number of GC (1000 units)-new
GC price (EUR/GC)
Revenues from GC (mill. EUR)-prior
Revenues from GC (mill. EUR)-new
Heat production (GWh)-prior
Heat production (GWh)-new
Heat price (EUR/MWh)
Revenues from heat (mill. EUR)-prior
Revenues from heat (mill. EUR)-new
Total revenues (mill. EUR)-prior
Total revenues (mill. EUR)-new
Total operating costs (mill. EUR)-prior
Total operating costs (mill. EUR)-new
Net cash flow (mill. EUR)-new
IRR
Discount rate (%)

2014

10.5% IRRref
10%

10.5% dif

2
2
1.786
1
1.08

2
2
1.786
1
1.10

2
2
1.786
1
1.13

2
2
1.786
1
1.15

2
2
1.786
1
1.17

2
2
1.786
1
1.20

0.1%

2
2
1.786
1
1.22

Discounted cost (mill Euro)

0
1,043.12

Discounted electricity (MWh)


6,754.40
Levelised electricity cost (Euro/MWh)
154.44

202

143

164

229

88

88

88

87

87

2
2
1.786
1
1.24

2
2
1.786
1
1.27

2
2
1.786
1
1.29

2
2
1.786
1
1.32

2
2
1.786
1
1.35

2
2
1.786
1
1.37

2
2
1.786
1
1.40

2
2
1.786
1
1.43

2
2
1.786
1
1.46

2
2
1.786
1
1.49

3
3
2.679
2
1.52

4
4
3.572
3
1.55

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

0
83
127
0
0
603
923
58
35
54
3467
0
785246
663097
683441
381455
397349
556289
1448
2019
67
97
135
603
923
23
14
22
147
211
71
108
103

0
83
127
0
0
603
923
60
36
55
3467
0
785246
663097
683441
381455
397349
556289
1448
2019
68
99
138
603
923
24
14
22
149
215
71
108
107

0
83
127
0
0
603
923
61
37
56
3467
0
785246
663097
683441
381455
397349
556289
1448
2019
70
101
141
603
923
24
15
23
152
219
71
108
111

0
83
127
0
0
603
923
62
37
57
3467
0
785246
663097
683441
381455
397349
556289
1448
2019
71
103
144
603
923
25
15
23
155
224
71
108
116

0
83
127
0
0
603
923
63
38
58
3467
0
785246
663097
683441
381455
397349
556289
1448
2019
73
105
146
603
923
25
15
23
159
228
71
108
120

0
83
127
0
0
603
923
65
39
60
2682
0
0
663097
683441
381455
397349
556289
663
2019
74
49
149
603
923
26
16
24
104
233
71
108
125

0
83
127
0
0
603
923
66
40
61
2019
0
0
0
683441
381455
397349
556289
0
2019
76
0
152
603
923
26
16
24
56
238
71
108
129

0
83
127
0
0
603
923
67
41
62
1335
0
0
0
0
381455
397349
556289
0
1335
77
0
103
603
923
27
16
25
57
190
71
108
81

0
83
127
0
0
603
923
68
41
63
954
0
0
0
0
0
397349
556289
0
954
79
0
75
603
923
27
17
25
58
163
71
108
55

0
83
127
0
0
603
923
70
42
64
556
0
0
0
0
0
0
556289
0
556
80
0
45
603
923
28
17
26
59
135
71
108
27

0
38
127
0
0
276
923
71
20
66
0
0
0
0
0
0
0
0
0
0
82
0
0
276
923
29
8
26
28
92
32
108
-16

0
0
127
0
-72
0
923
73
0
67
0
0
0
0
0
0
0
0
0
0
83
0
0
0
923
29
0
27
0
94
0
108
58

21668

11793

4.41

0
52003

87

86

86

85

85

84

84

83

83

82

82

Assumptions
Specific investment cost (EUR/MW)
Lifetime (years)
Average capacity factor (%)
Number of GC (15 years)

Coeficienti de reducere
2012
2013
1
0.96

3850000
20
74%
2

2
2

2014

2%
175000
0
0
52
19.68

0
1.02

0
1.04

2
2
1.92
0
1.06

20.02

20.33

20.62

20.92

21.23

21.54

21.86

22.19

22.52

2010
0

2011
20

2012
17

2013

2014

2015

2016

2017

2018

2019

2020

20

37

77
0
0

65.45
0
130

0
73.15
240

47
0

48
6

49
12

0
0

259
0
259296

480
0
259296
220402

19
37
19
0
53.9
240
123
50
12
6
716
0
259296
220402
236478

14
37
33
0
57.75
240
214
51
12
11
890
0
259296
220402
236478
174247

15
37
48
0
57.75
240
311
52
12
16
1077
0
259296
220402
236478
174247
186693

Number of GC (1000 units)-prior


Number of GC (1000 units)-new
GC price (EUR/GC)
Revenues from GC (mill. EUR)-prior
Revenues from GC (mill. EUR)-new
Heat production (GWh)-prior
Heat production (GWh)-new
Heat price (EUR/MWh)
Revenues from heat (mill. EUR)-prior
Revenues from heat (mill. EUR)-new
Total revenues (mill. EUR)-prior
Total revenues (mill. EUR)-new
Total operating costs (mill. EUR)-prior
Total operating costs (mill. EUR)-new
Net cash flow (mill. EUR)-new

0
0
55
0
0
0
0
19.68
0
0
0
0
0
0
0

259
0
55
14
0
0
0
20.02
0
0
20
0
10
0
0

480
0
56
27
0
0
0
20.33
0
0
39
0
19
0
-73

480
236
57
27
14
0
0
20.62
0
0
39
20
19
10
-44

480
411
28
13
11
0
0
20.92
0
0
25
22
19
17
-52

480
597
27
13
16
0
0
21.23
0
0
25
32
19
25
-50

15
37
63
0
0
240
408
53
13
22
1264
0
259296
220402
236478
174247
186693
186693
480
784
27
13
21
0
0
21.54
0
0
26
43
19
32
11

0
37
63
0
0
240
408
54
13
22
1264
0
259296
220402
236478
174247
186693
186693
480
784
62
30
49
0
0
21.86
0
0
43
71
19
32
38

0
37
63
0
0
240
408
55
13
22
1264
0
259296
220402
236478
174247
186693
186693
480
784
63
30
50
0
0
22.19
0
0
44
72
19
32
40

0
37
63
0
0
240
408
56
13
23
1264
0
259296
220402
236478
174247
186693
186693
480
784
64
31
51
0
0
22.52
0
0
44
73
19
32
41

0
37
63
0
0
240
408
57
14
23
1264
0
259296
220402
236478
174247
186693
186693
480
784
66
32
52
0
0
23
0
0
45
75
19
32
43

IRR

11.8% IRRref

2012
2013
Number of GC for high efficiency cogeneration: 15 years
Inflation rate factor
Specific fixed operating costs (EUR/MW)
Specific cogeneration factor: Q/E
High efficiency cogeneration quota (of total generation)
Specific variable operating costs (EUR/MWh)
Heat price (EUR/MWh)

Yearly installed capacity (MW)-prior


Yearly installed capacity (MW)-new
Cummulated capacity (MW)-prior
Cummulated capacity (MW)-new
Investment costs (mill. EUR)-prior
Investment costs (mill. EUR)-new
Electricity production (GWh)-prior
Electricity production (GWh)-new
Electricity market price (EUR/MWh)
Revenues from electricity market (mill. EUR)-prior
Revenues from electricity market (mill. EUR)-new
Number of GC (1000 units)
2010
2011
2012
new 2013
2014
2015
2016

Discount rate (%)

10%

11.8% dif

2
2
1.92
0
1.08

2
2
1.92
0
1.10

2
2
1.92
0
1.13

2
2
1.92
0
1.15

2
2
1.92
0
1.17

2
2
1.92
0
1.20

0.1%

2
2
1.92
0
1.22

Discounted cost (mill Euro)

0
404.20

Discounted electricity (MWh)


2,983.79
Levelised electricity cost (Euro/MWh)
135.47

73

64

75

82

32

32

32

32

32

2
2
1.92
0
1.24

2
2
1.92
0
1.27

2
2
1.92
0
1.29

2
2
1.92
0
1.32

2
2
1.92
0
1.35

2
2
1.92
0
1.37

2
2
1.92
0
1.40

2
2
1.92
0
1.43

2
2
1.92
0
1.46

2
2
1.92
0
1.49

3
3
2.88
1
1.52

4
4
3.84
2
1.55

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

0
37
63
0
0
240
408
58
14
24
1264
0
259296
220402
236478
174247
186693
186693
480
784
67
32
53
0
0
23
0
0
46
76
19
32
44

0
37
63
0
0
240
408
60
14
24
1264
0
259296
220402
236478
174247
186693
186693
480
784
68
33
54
0
0
24
0
0
47
78
19
32
46

0
37
63
0
0
240
408
61
15
25
1264
0
259296
220402
236478
174247
186693
186693
480
784
70
33
55
0
0
24
0
0
48
80
19
32
47

0
37
63
0
0
240
408
62
15
25
1264
0
259296
220402
236478
174247
186693
186693
480
784
71
34
56
0
0
25
0
0
49
81
19
32
49

0
37
63
0
0
240
408
63
15
26
1264
0
259296
220402
236478
174247
186693
186693
480
784
73
35
57
0
0
25
0
0
50
83
19
32
50

0
37
63
0
0
240
408
65
15
26
1005
0
0
220402
236478
174247
186693
186693
220
784
74
16
58
0
0
26
0
0
32
84
19
32
52

0
37
63
0
0
240
408
66
16
27
784
0
0
0
236478
174247
186693
186693
0
784
76
0
59
0
0
26
0
0
16
86
19
32
54

0
37
63
0
0
240
408
67
16
27
548
0
0
0
0
174247
186693
186693
0
548
77
0
42
0
0
27
0
0
16
70
19
32
37

0
37
63
0
0
240
408
68
16
28
373
0
0
0
0
0
186693
186693
0
373
79
0
29
0
0
27
0
0
16
57
19
32
25

0
37
63
0
0
240
408
70
17
29
187
0
0
0
0
0
0
186693
0
187
80
0
15
0
0
28
0
0
17
43
19
32
11

0
17
63
0
0
110
408
71
8
29
0
0
0
0
0
0
0
0
0
0
82
0
0
0
0
29
0
0
8
29
9
32
-3

0
0
63
0
-29
0
408
73
0
30
0
0
0
0
0
0
0
0
0
0
83
0
0
0
0
29
0
0
0
30
0
32
27

4687

4.04

18957

0
18957

0
0

32

32

32

32

32

32

32

32

32

32

32

Assumptions
Specific investment cost (EUR/MW)
Lifetime (years)
Average capacity factor (%)
Number of GC (15 years)

Coeficienti de reducere
2012
2013
1
0.945

4250000
20
66%
3

3
3

0
1.02

0
1.04

2010
0

2011
20

2012
17

20

37

85
0
0

72.25
0
116

0
85
214

47
0

48
6

49
10

0
0

347
0
346896

642
0
346896
294862

Number of GC (1000 units)-prior


Number of GC (1000 units)-new
GC price (EUR/GC)
Revenues from GC (mill. EUR)-prior
Revenues from GC (mill. EUR)-new
Heat production (GWh)-prior
Heat production (GWh)-new
Heat price (EUR/MWh)
Revenues from heat (mill. EUR)-prior
Revenues from heat (mill. EUR)-new
Total revenues (mill. EUR)-prior
Total revenues (mill. EUR)-new
Total operating costs (mill. EUR)-prior
Total operating costs (mill. EUR)-new
Net cash flow (mill. EUR)-new

0
0
55
0
0
0
0
19.68
0
0
0
0
0
0
0

347
0
55
19
0
0
0
20.02
0
0
25
0
13
0
0

642
0
56
36
0
0
0
20.33
0
0
46
0
24
0
-85

IRR

11.3% IRRref

2012
2013
Number of GC for high efficiency cogeneration: 15 years
Inflation rate factor
Specific fixed operating costs (EUR/MW)
Specific variable operating costs (EUR/MWh)

Yearly installed capacity (MW)-prior


Yearly installed capacity (MW)-new
Cummulated capacity (MW)-prior
Cummulated capacity (MW)-new
Investment costs (mill. EUR)-prior
Investment costs (mill. EUR)-new
Electricity production (GWh)-prior
Electricity production (GWh)-new
Electricity market price (EUR/MWh)
Revenues from electricity market (mill. EUR)-prior
Revenues from electricity market (mill. EUR)-new
Number of GC (1000 units)
2010
2011
2012

2%
210000
75

new 2013

3
3
2.835
0
1.06

3
3
2.835
0
1.08

3
3
2.835
0
1.10

3
3
2.835
0
1.13

3
3
2.835
0
1.15

3
3
2.835
0
1.17

3
3
2.835
0
1.20

3
3
2.835
0
1.22

2013

2014

2015

2016

2017

2018

2019

2020

20
37
20
0
55.25
214
116
50
11
6
970
0
346896
294862
327817

13
37
33
0
63.75
214
191
51
11
10
1183
0
346896
294862
327817
213081

15
37
48
0
63.75
214
278
52
11
14
1429
0
346896
294862
327817
213081
245863

642
328
57
37
19
0
0
20.62
0
0
47
25
24
13
-44

642
541
28
18
15
0
0
20.92
0
0
29
25
24
21
-60

642
787
27
17
21
0
0
21.23
0
0
28
36
24
31
-59

15
37
63
0
0
214
364
53
11
19
1674
0
346896
294862
327817
213081
245863
245863
642
1033
27
18
28
0
0
21.54
0
0
29
48
24
41
7

0
37
63
0
0
214
364
54
12
20
1674
0
346896
294862
327817
213081
245863
245863
642
1033
62
40
64
0
0
21.86
0
0
51
84
24
41
43

0
37
63
0
0
214
364
55
12
20
1674
0
346896
294862
327817
213081
245863
245863
642
1033
63
41
65
0
0
22.19
0
0
52
85
24
41
45

0
37
63
0
0
214
364
56
12
20
1674
0
346896
294862
327817
213081
245863
245863
642
1033
64
41
67
0
0
22.52
0
0
53
87
24
41
46

0
37
63
0
0
214
364
57
12
21
1674
0
346896
294862
327817
213081
245863
245863
642
1033
66
42
68
0
0
23
0
0
54
89
24
41
48

95

41

41

41

41

41

2014
2015
2016

Discount rate (%)

2014

11.3% dif

0.1%

10%

Discounted cost (mill Euro)

0
479.89

85

68

85

Discounted electricity (MWh)


2,666.48
Levelised electricity cost (Euro/MWh)
179.97

3
3
2.835
0
1.24

3
3
2.835
0
1.27

3
3
2.835
0
1.29

3
3
2.835
0
1.32

3
3
2.835
0
1.35

3
3
2.835
0
1.37

3
3
2.835
0
1.40

3
3
2.835
0
1.43

3
3
2.835
0
1.46

3
3
2.835
0
1.49

4
4
3.78
1
1.52

5
5
4.725
2
1.55

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

0
37
63
0
0
214
364
58
13
21
1674
0
346896
294862
327817
213081
245863
245863
642
1033
67
43
69
0
0
23
0
0
56
91
24
41
50

0
37
63
0
0
214
364
60
13
22
1674
0
346896
294862
327817
213081
245863
245863
642
1033
68
44
71
0
0
24
0
0
57
92
24
41
52

0
37
63
0
0
214
364
61
13
22
1674
0
346896
294862
327817
213081
245863
245863
642
1033
70
45
72
0
0
24
0
0
58
94
24
41
54

0
37
63
0
0
214
364
62
13
23
1674
0
346896
294862
327817
213081
245863
245863
642
1033
71
46
73
0
0
25
0
0
59
96
24
41
56

0
37
63
0
0
214
364
63
14
23
1674
0
346896
294862
327817
213081
245863
245863
642
1033
73
47
75
0
0
25
0
0
60
98
24
41
57

0
37
63
0
0
214
364
65
14
24
1327
0
0
294862
327817
213081
245863
245863
295
1033
74
22
76
0
0
26
0
0
36
100
24
41
59

0
37
63
0
0
214
364
66
14
24
1033
0
0
0
327817
213081
245863
245863
0
1033
76
0
78
0
0
26
0
0
14
102
24
41
61

0
37
63
0
0
214
364
67
14
24
705
0
0
0
0
213081
245863
245863
0
705
77
0
54
0
0
27
0
0
14
79
24
41
38

0
37
63
0
0
214
364
68
15
25
492
0
0
0
0
0
245863
245863
0
492
79
0
39
0
0
27
0
0
15
64
24
41
23

0
37
63
0
0
214
364
70
15
25
246
0
0
0
0
0
0
245863
0
246
80
0
20
0
0
28
0
0
15
45
24
41
5

0
17
63
0
0
98
364
71
7
26
0
0
0
0
0
0
0
0
0
0
82
0
0
0
0
29
0
0
7
26
11
41
-15

0
0
63
0
-32
0
364
73
0
26
0
0
0
0
0
0
0
0
0
0
83
0
0
0
0
29
0
0
0
26
0
41
18

41

41

41

41

41

41

41

41

41

41

41

4180

6.01

25116

Assumptions
Specific investment cost (EUR/MW)
Lifetime (years)
Average capacity factor (%)
Number of GC: 15 years

Coeficienti de reducere
2012
2013
1
0.767

2400000
20
65%
1

1
1

2014

2%
182000
0
0
10
19.68

0
1.02

0
1.04

1
1
0.767
0
1.06

20.02

20.33

20.62

20.92

21.23

21.54

21.86

22.19

22.52

2010
0

2011
5

2012
3

2013

2014

2015

2016

2017

2018

2019

2020

12
0
0

7.2
0
28

0
7.2
46

47
0

48
1

49
2

0
0

28
0
28470

46
0
28470
17082

3
8
3
0
7.2
46
17
50
2
1
59
0
28470
17082
13102

3
8
6
0
7.2
46
34
51
2
2
72
0
28470
17082
13102
13102

3
8
9
0
7.2
46
51
52
2
3
85
0
28470
17082
13102
13102
13102

Number of GC (1000 units)-prior


Number of GC (1000 units)-new
GC price (EUR/GC)
Revenues from GC (mill. EUR)-prior
Revenues from GC (mill. EUR)-new
Heat production (GWh)-prior
Heat production (GWh)-new
Heat price (EUR/MWh)
Revenues from heat (mill. EUR)-prior
Revenues from heat (mill. EUR)-new
Total revenues (mill. EUR)-prior
Total revenues (mill. EUR)-new
Total operating costs (mill. EUR)-prior
Total operating costs (mill. EUR)-new
Net cash flow (mill. EUR)-new

0
0
55
0
0
0
0
19.68
0
0
0
0
0
0
0

28
0
55
2
0
0
0
20.02
0
0
3
0
1
0
0

46
0
56
3
0
0
0
20.33
0
0
5
0
2
0
-7

46
13
57
3
1
0
0
20.62
0
0
5
2
2
1
-6

46
26
28
1
1
0
0
20.92
0
0
4
2
2
1
-6

46
39
27
1
1
0
0
21.23
0
0
4
4
2
2
-6

3
8
12
0
0
46
68
53
2
4
98
0
28470
17082
13102
13102
13102
13102
46
52
27
1
1
0
0
21.54
0
0
4
5
2
3
2

0
8
12
0
0
46
68
54
2
4
98
0
28470
17082
13102
13102
13102
13102
46
52
62
3
3
0
0
21.86
0
0
5
7
2
3
4

0
8
12
0
0
46
68
55
3
4
98
0
28470
17082
13102
13102
13102
13102
46
52
63
3
3
0
0
22.19
0
0
5
7
2
3
4

0
8
12
0
0
46
68
56
3
4
98
0
28470
17082
13102
13102
13102
13102
46
52
64
3
3
0
0
22.52
0
0
5
7
2
3
4

0
8
12
0
0
46
68
57
3
4
98
0
28470
17082
13102
13102
13102
13102
46
52
66
3
3
0
0
23
0
0
6
7
2
3
4

IRR

11.8% IRRref

2012
2013
Number of GC for high efficiency cogeneration: 15 years
Inflation rate factor
Specific fixed operating costs (EUR/MW)
Specific cogeneration factor: Q/E
High efficiency cogeneration quota (of total generation)
Specific variable operating costs (EUR/MWh)
Heat price (EUR/MWh)

Yearly installed capacity (MW)-prior


Yearly installed capacity (MW)-new
Cummulated capacity (MW)-prior
Cummulated capacity (MW)-new
Investment costs (mill. EUR)-prior
Investment costs (mill. EUR)-new
Electricity production (GWh)-prior
Electricity production (GWh)-new
Electricity market price (EUR/MWh)
Revenues from electricity market (mill. EUR)-prior
Revenues from electricity market (mill. EUR)-new
Number of GC (1000 units)
2010
2011
2012
new 2013
2014
2015
2016

Discount rate (%)

10%

11.8% dif

1
1
0.767
0
1.08

1
1
0.767
0
1.10

1
1
0.767
0
1.13

1
1
0.767
0
1.15

1
1
0.767
0
1.17

1
1
0.767
0
1.20

0.0%

1
1
0.767
0
1.22

Discounted cost (mill Euro)

0
41.18

Discounted electricity (MWh)


494.06
Levelised electricity cost (Euro/MWh)
83.36

1
1
0.767
0
1.24

1
1
0.767
0
1.27

1
1
0.767
0
1.29

1
1
0.767
0
1.32

1
1
0.767
0
1.35

1
1
0.767
0
1.37

1
1
0.767
0
1.40

1
1
0.767
0
1.43

1
1
0.767
0
1.46

1
1
0.767
0
1.49

2
2
1.534
1
1.52

3
3
2.301
2
1.55

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

0
8
12
0
0
46
68
58
3
4
98
0
28470
17082
13102
13102
13102
13102
46
52
67
3
4
0
0
23
0
0
6
8
2
3
5

0
8
12
0
0
46
68
60
3
4
98
0
28470
17082
13102
13102
13102
13102
46
52
68
3
4
0
0
24
0
0
6
8
2
3
5

0
8
12
0
0
46
68
61
3
4
98
0
28470
17082
13102
13102
13102
13102
46
52
70
3
4
0
0
24
0
0
6
8
2
3
5

0
8
12
0
0
46
68
62
3
4
98
0
28470
17082
13102
13102
13102
13102
46
52
71
3
4
0
0
25
0
0
6
8
2
3
5

0
8
12
0
0
46
68
63
3
4
98
0
28470
17082
13102
13102
13102
13102
46
52
73
3
4
0
0
25
0
0
6
8
2
3
5

0
8
12
0
0
46
68
65
3
4
69
0
0
17082
13102
13102
13102
13102
17
52
74
1
4
0
0
26
0
0
4
8
2
3
5

0
8
12
0
0
46
68
66
3
4
52
0
0
0
13102
13102
13102
13102
0
52
76
0
4
0
0
26
0
0
3
8
2
3
6

0
8
12
0
0
46
68
67
3
5
39
0
0
0
0
13102
13102
13102
0
39
77
0
3
0
0
27
0
0
3
8
2
3
5

0
8
12
0
0
46
68
68
3
5
26
0
0
0
0
0
13102
13102
0
26
79
0
2
0
0
27
0
0
3
7
2
3
4

0
8
12
0
0
46
68
70
3
5
13
0
0
0
0
0
0
13102
0
13
80
0
1
0
0
28
0
0
3
6
2
3
3

0
3
12
0
0
17
68
71
1
5
0
0
0
0
0
0
0
0
0
0
82
0
0
0
0
29
0
0
1
5
1
3
2

0
0
12
0
-4
0
68
73
0
5
0
0
0
0
0
0
0
0
0
0
83
0
0
0
0
29
0
0
0
5
0
3
6

894

1.64

0
1469

-1

Assumptions
Specific investment cost (EUR/MW)
Lifetime (years)
Average capacity factor (%)
Number of GC: 15 years

3500000
20
16.00%

Inflation rate factor


Specific fixed operating costs (EUR/MW)
Specific variable operating costs (EUR/MWh)

Yearly installed capacity (MW)-prior


Yearly installed capacity (MW)-new
Cummulated capacity (MW)-prior
Cummulated capacity (MW)-new
Investment costs (mill. EUR)-prior
Investment costs (mill. EUR)-new
Electricity production (GWh)-prior
Electricity production (GWh)-new
Electricity market price (EUR/MWh)
Revenues from electricity market (mill. EUR)-prior
Revenues from electricity market (mill. EUR)-new
Number of GC (1000 units)
2010
2011
2012
new

Coeficienti de reducere
2012
2013
1
1

6
2012
2013
2%
38000
10

6
6

1.02

1.04

2010
0

2011
8

2012
35

43

28
0
0

122.5
0
11

0
122.5
60

47
0

48
1

49
3

0
0

67
0
67277

362
0
67277
294336

0
0
55
0
0
0
0
0
0
0

67
0
55
4
0
4
0
0.4
0
0

362
0
56
20
0
23
0
2.2
0
-123

2013

6
6
6
1.06

6
6
6
1.08

6
6
6
1.10

6
6
6
1.13

6
6
6
1.15

6
6
6
1.17

6
6
6
1.20

6
6
6
1.22

2013

2014

2015

2016

2017

2018

2019

2020

35
43
35
0
122.5
60
49
50
3
2
656
0
67277
294336
294336

35
43
70
0
59.5
60
98
51
3
5
950
0
67277
294336
294336
294336

17
43
87
0
35
60
122
52
3
6
1093
0
67277
294336
294336
294336
142963

362
294
57
21
17
24
19
2.2
2
-105

362
589
28
10
16
13
21
2.2
4
-42

362
732
27
10
20
13
26
2.2
5
-13

10
43
97
0
0
60
136
53
3
7
1177
0
67277
294336
294336
294336
142963
84096
362
816
27
10
22
13
30
2.2
5
24

0
43
97
0
0
60
136
54
3
7
1177
0
67277
294336
294336
294336
142963
84096
362
816
62
22
51
26
58
2.2
5
53

0
43
97
0
0
60
136
55
3
7
1177
0
67277
294336
294336
294336
142963
84096
362
816
63
23
52
26
59
2.2
5
54

0
43
97
0
0
60
136
56
3
8
1177
0
67277
294336
294336
294336
142963
84096
362
816
64
23
53
27
60
2.2
5
55

0
43
97
0
0
60
136
57
3
8
1177
0
67277
294336
294336
294336
142963
84096
362
816
66
24
54
27
61
2.2
5
56

40

2014
2015
2016
Number of GC (1000 units)-prior
Number of GC (1000 units)-new
GC price (EUR/GC)
Revenues from GC (mill. EUR)-prior
Revenues from GC (mill. EUR)-new
Total revenues (mill. EUR)-prior
Total revenues (mill. EUR)-new
Total operating costs (mill. EUR)-prior
Total operating costs (mill. EUR)-new
Net cash flow (mill. EUR)-new
IRR

11.5% IRRref

Discount rate (%)

2014

11.6% dif

-0.9%

10%

Discounted cost (mill Euro)

0
314.76

123

124

63

Discounted electricity (MWh)


994.22
Levelised electricity cost (Euro/MWh)
316.59

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