Summary
A load-following power plant, regarded as producing mid-merit or mid-priced electricity, is a power plant that adjusts its power output as demand for electricity fluctuates throughout the day. Load-following plants are typically in between base load and peaking power plants in efficiency, speed of start-up and shut-down, construction cost, cost of electricity and capacity factor. Base load power plants are dispatchable plants that tend to operate at maximum output. They generally shut down or reduce power only to perform maintenance or repair or due to grid constraints. Power plants operated mostly in this way include coal, fuel oil, nuclear, geothermal, run-of-the-river hydroelectric, biomass and combined cycle natural gas plants. Peaking power plants operate only during times of peak demand. In countries with widespread air conditioning, demand peaks around the middle of the afternoon, so a typical peaking power plant may start up a couple of hours before this point and shut down a couple of hours after. However, the duration of operation for peaking plants varies from a good portion of the waking day to only a couple of dozen hours per year. Peaking power plants include hydroelectric and gas turbine power plants. Many gas turbine power plants can be fueled with natural gas, fuel oil, and/or diesel, allowing greater flexibility in choice of operation- for example, while most gas turbine plants primarily burn natural gas, a supply of fuel oil and/or diesel is sometimes kept on hand in case the gas supply is interrupted. Other gas turbines can only burn a single fuel. By way of contrast, load-following power plants usually run during the day and early evening, and are operated in direct response to changing demand for power supply. They either shut down or greatly curtail output during the night and early morning, when the demand for electricity is the lowest. The exact hours of operation depend on numerous factors. One of the most important factors for a particular plant is how efficiently it can convert fuel into electricity.
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