Valuing power plant flexibility with CCS: the case of post-combustion capture retrofits

An important development in recent years has been increased interest in retrofitting CO₂ capture at existing power plants. In parallel, it has also been suggested that flexible operation of power plants with CO₂ capture could be important in at least some jurisdictions. It is likely that retrofitted power plants could have significant ‘built-in’ flexibility, but this potential is often not considered in studies of the economic performance of power plants with CO₂ capture. This paper makes a contribution to filling this gap by developing methods for first order screening analysis of flexible operation of power plants with CO₂ capture and applying them to the case study example of an appropriately integrated retrofit of post-combustion capture at a coal-fired power plant. The quantitative analysis suggests that rich solvent storage could be an attractive option on a short-run basis for some fuel, CO₂ and electricity price combinations. Results from first order analysis can then be used to determine which operating modes should (and shouldn’t) be included in further, more detailed design studies.