3. DESCRIPTION OF PROGRAM OR FUNCTION
This software package contains two modules:
- CAPITAL1 calculates investment costs from overnight costs, based on the capital structure of the utility (debt/equity ratio), return and interest rates according to the type of securities involved, and a standard-shaped curve of capital outlays during construction of a power plant.
- FCRATE1 calculates the year-by-year revenue requirements to cover the capital-related charges incurred by the new investment and their economic equivalent: the levelised fixed-charge rate and capital contribution to the levelised unit power generation cost per kWh.
They are proposed as an alternative to the corresponding modules CAPITAL and FCRATE, included in the LPGC (Levelised Power Generation Cost) suite of codes developed by ORNL and US-DOE.
They perform the same type of analysis and provide the same results.