Abstract
Abstract Exegetic and thermoeconomic analysis were performed for a 500-MW combined cycle plant and a 137-MW steam power plant without decomposition of exergy into thermal and mechanical exergy. A unit cost was assigned to a specific exergy stream of matter, regardless of its condition or state in this analysis. The calculated costs of electricity were almost same within 0.5% as those obtained by the thermoeconomic analysis with decomposition of the exergy stream for the combined cycle plant, which produces the same kind of product. Such outcome indicated that the level at which the cost balances are formulated does not affect the result of thermoeconomic analysis, that is somewhat contradictory to that concluded previously. However this is true for the gas-turbine cogeneration plant which produces different kinds of products, electricity and steam whose unit costs are dominantly affected by the mechanical and thermal exergy respectively.
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