Hey guys i have a question about to calculating clean natural gas spark do you have any information about how i can handle . I have two data sets including gas price consuming , producing issues . But i dont know formula to calculate this.
- From Wikipedia:
pE as price of electricity in MU / MWh
pG as price of natural gas in MU / MWh or MU / Btu
ηel as electrical efficiency resp.
HR as heat rate in Btu / MWh
MU - Monetary Unit
Btu - British thermal unit
- According to the EIA, the spark spread is calculated using the following equation:
Spark Spread ($/MWh) = Power Price ($/MWh) – [Natural Gas Price ($/MMBtu) * Heat Rate (MMBtu/MWh)]
where MWh is megawatt-hours and MMBtu is a million British thermal units.