On thermo-economic optimization effects in the balance price-demand of generation electricity for nuclear and fossil fuels power plants

Several significant supply-and-demand models of electricity generation have been developed by applying optimization methodologies based on optimal decision variables. However, there has been little interest in the effect of the optimal thermodynamic operation modes of the main economic activity ratios that result in the sale and demand of electricity production. We perform a thermoeconomic analysis and identify an effect of heat transport parameters and internal irreversibilities of the non-endoreversible Novikov heat engine model on the efficiency of asset turnover and the change for returns to scale. In this work, we measure the cost-output elasticity of different operation regimes such as maximum power output, maximum efficient power, maximum ecological function, and timely investment in operation and maintenance. We conclude these could be used as classifying mechanisms to control the balance between price and demand quantified by the price-demand elasticity.