| Units: | yr |
| Mode: | Input Only |
| Multi-band: | False |
| Default Value: | 30 |
| Validation Rule: | ≥0 |
| Key Property: | No |
| Description: | Economic life of the unit (period over which fixed costs are recovered). |
Generator Economic Life sets the
number of years over which the Build
Cost is annualized. LT Plan uses
this in combination with WACC to
compute the annuities.
Note:
- If the Economic Life, Build Cost, and Technical Life are not defined, PLEXOS will assume the Economic Life is 30 years.
- If the Economic Life is not defined but the Technical Life is defined, the Technical Life is assumed to be the Economic Life of the Generator.
- If both Economic Life and Technical Life are defined, the Economic Life is set to the lesser of the two values.
- If the Build Cost is defined but the Technical Life and Economic Life are not, the Economic Life is equal to 1/(Expansion Periods per Year), where the Expansion Periods per Year is determined by the integer value of the Discount Period Type.
See also: