The Effect of Evaporator Effectiveness on Unit Exergy Cost of Electricity Generated by an Organic Rankine Cycle

An Organic Rankine Cycle is theoretically modelled and thermoeconomically investigated for different evaporator effectiveness. In thermoeconomic analysis, the Specific Exergy Costing (SPECO) method is used and the effect of evaporator effectiveness on unit exergy cost of electricity generated by the system is investigated. Exergy value of electricity generated by the system increases with increase in evaporator effectiveness. On the other hand, increase in evaporator effectiveness causes to an increase in hourly capital cost of system components and overall system. The results showed that the unit exergy cost of electricity generated by the system is 36.72 $/kJ for evaporator effectiveness of  =0.5, while it is 41.64 $/kJ for  =0.95.