The linear regression analysis for the monthly data between 2013 and 2022 for generation (MWh), water consumption (million gallons), coal, NG (metric tons), SO2, NOx, and CO2 (metric tons) in the FCPP and Afton power plant was conducted. Linear regression analyses were conducted separately for coal and natural gas (NG) power plants. In each model, electricity generation served as the dependent variable, while coal usage, natural gas usage, water consumption, and month were included as independent variables to estimate generation patterns for coal and NG plants. This research may have overlooked other factors that can affect electricity production. Economic factors such as electricity prices and fuel prices can influence power generation. Weather conditions, such as temperature and humidity, can also impact generation and consumption patterns. Technological advancements, improvements in power plant efficiency, and the adoption of new technologies are other parameters that affect generation. Moreover, changes in operational practices and evolving regulatory or policy frameworks—particularly those related to emissions standards, renewable energy adoption, and energy efficiency—can substantially impact generation output. Finally, plant-specific characteristics, including a facility’s age, capacity, and operational status, are important determinants of performance. In the following sections, the results of the linear regression for the coal and NG power plants are discussed.
5.1. Linear Regression Analysis for Water Consumption and Emissions from the Coal-Fired Power Plant
The linear regression analysis yielded equations modeling electricity generation, water consumption, and emissions production. These equations capture the relationships between the specified dependent and independent variables in each model. The steps used to derive these equations are outlined below. Firstly, after analyzing the data, it was noted that there was a noticeable difference in the amount of power generation during the summer months compared to other months of the year. This shows a correlation between summer months and increased power generation. As a result, the months were incorporated as a factor in the linear regression analysis for the coal-fired power plant. The value of one was assigned to the summer months (July, August, and September) and zero to the other months in a year when making the linear regression.
Figure 2 shows the monthly variation in electricity generation (MWh) at the Four Corners power plant (2013–2022), with seasonal peaks during summer months.
Then, a linear regression analysis was performed to find the equation for the generation, and the following tables demonstrate the analysis results for the FCPP in San Juan County. The regression used 115 observations after removing five negative and zero values from the data.
Table 1 shows regression model statistics evaluating the relationship between generation (MWh) and predictors (coal, water, and month) for the Four Corners power plant (FCPP).
The regression statistics table provides several important metrics for evaluating the fit and performance of the regression model. The linear regression analysis showed a moderate positive relationship between the observed and predicted values, with a multiple R of 0.568. The R-squared value of 0.323 indicates that about 32.3% of the variance in the dependent variable is explained by the model. The standard error of the regression is 21,173. The standard error provides a way to assess the quality of the regression model. Smaller standard errors indicate more precise estimates of the coefficients, leading to more reliable inferences about the relationships between variables [
9]. This analysis is based on 115 observations, which represent an adequate sample size.
Table 2 illustrates regression coefficients and statistical significance for the generation equation in the FCPP, using coal, water, and seasonal variation as predictors.
A multiple R value of 0.568 indicates a moderate positive correlation between the independent and dependent variables. The authors of [
10] stated that a
p-value below 0.05 typically implies the coefficient is significantly different from zero, signifying a statistically significant relationship between the predictor and the outcome variable. Based on the regression, the month variable has a significant positive impact, with a coefficient of 110,062.05. Both coal and water are also significant predictors, with coefficients of 0.06 and 289.55, respectively. All predictors have
p-values less than 0.05, indicating their statistical significance. These results provided confidence in the model’s findings.
The generation at the FCPP during the summer months can be calculated using the following formula. This equation is derived from a linear regression analysis for the FCPP.
where G is generation in MWh, C is coal in metric tons, and W is water in million gallons. These units are the same for all the equations. In the linear regression analysis for this equation, G is the dependent variable, while C, W, and months are the independent variables.
For the generation in the other months, Equation (2) can be utilized. The coefficient for the summer months has been removed from the equation.
Water consumption in the summer months in the coal-fired power plant can be calculated using the following equation:
Water consumption in the FCPP during non-summer months can be determined using Equation (4).
The coefficient for the summer months has been removed from the equation. Taking the partial derivative of the water consumption to electricity generation, the following formula for the coal-fired power plant can be obtained:
This means that for every additional unit of generation in MWh, there needs to be an additional 0.003456 units of water used in million gallons, which equals 3453.6 gallons.
Based on Equation (1), the formula for the coal required to generate electricity in the coal-fired power plant can be derived as follows:
For the other months, we can use the following equation:
The derivative of coal consumption to electricity generation, dC/dG (8), can be used to quantify how much the coal consumption changes for each unit change in electricity generation.
In other words, for every additional unit of generation in MWh, there needs to be an additional 17.63 metric tons of coal used.
A linear regression analysis was conducted to examine emissions from the FCPP. The formula considered emissions as a function of power generation. Presented below are the tables resulting from the linear regression of CO
2 emissions at the FCPP.
Table 3 shows regression summary statistics for modeling CO
2 emissions as a function of electricity generation at the FCPP.
Based on
Table 3, the regression analysis results indicate a strong positive relationship between the independent (generation) and dependent variable (CO
2 emission), with a multiple R of 0.976. The model explains approximately 95.2% of the variance in the dependent variable, as shown by the R-squared value of 0.952, and the Adjusted R-squared of 0.951 suggests that the model is not overfitting. The standard error of 58,109.63 indicates the average distance of the observed values from the regression line, and with 115 observations, the sample size is sufficiently large to provide reliable results.
Table 4 shows regression coefficients and diagnostics for the CO
2 emissions equation at the FCPP, with generation (MWh) as the independent variable.
The linear regression analysis shows that generation is a significant variable in this analysis, with a coefficient of 1.0127. The very low
p-value (3.03 × 10
−76) confirms the statistical significance of this relationship. A high
p-value of 0.7191 suggests no significant difference from zero. The standard errors and confidence intervals provide additional context, indicating the precision and reliability of these estimates. CO
2 emissions in the FCPP can be estimated from the following formula:
where CO
2 is in metric tons and G is the generation in MWh.
To obtain the rate of change in CO
2 emission concerning electricity generation, the derivative of CO
2 emission to electricity generation, dCO
2/dG (10), can be used, as follows:
This means that for every additional unit of generation in MWh, there will be an additional 1.012723 metric tons of CO2 emissions.
For the NO
x emission in FCPP, a linear regression analysis has also been performed, and the following tables are the results from the regression. In this analysis, NO
x has been studied as a function of power generation.
Table 5 illustrates regression statistics for modeling NO
x emissions for electricity generation at the FCPP.
The regression analysis indicates a moderate positive correlation between the independent (generation) and dependent (NO
x emission) variables, with a multiple R value of 0.440698598. However, the model’s explanatory power is limited, as reflected by an R-squared of 0.194215254 and an Adjusted R-squared of 0.187084416, suggesting it accounts for approximately 18.71% of the variance in the dependent variable. A total of 115 observations have been analyzed in this regression, which constitutes an adequate sample size.
Table 6 also demonstrates regression coefficients and statistical values for the NO
x emissions model in the FCPP.
Based on
Table 6, the coefficient for generation is 0.001836329, indicating that for each unit increase in generation, the dependent variable increases by approximately 0.001836329 units. This coefficient is statistically significant (
p-value = 8.26 × 10
−7, which is much less than 0.05), suggesting a strong relationship between generation and the dependent variable (NO
x).
NO
x emissions in the FCPP can be estimated from the following formula:
where NO
x is in metric tons and G is the generation in MWh.
To obtain the rate of change in NO
x emission concerning electricity generation, the derivative of NO
x emission to electricity generation d NO
x/dG (12), can be used, as follows:
This means that for every additional generation unit in MWh, there will be an additional 0.001836 NOx emissions in metric tons.
For the SO
2 emission in FCPP, a linear regression analysis has also been performed, and the following tables are the results from the regression. In this analysis, SO
2 has been studied as a function of power generation.
Table 7 shows regression performance statistics for SO
2 emissions for generation at the FCPP.
Based on
Table 7, the model shows a moderate positive correlation between the observed and predicted values, with about 26.64% of the dependent variable (SO
2) variability explained by the independent variable (generation). The R-squared value (0.2664) indicates that approximately 26.64% of the variability in the dependent variable can be explained by the independent variable in the model. This suggests that the model has moderate explanatory power. The analysis is based on 115 observations.
Table 8 shows regression coefficients and statistical diagnostics for SO
2 emissions modeled against generation in the FCPP.
Based on
Table 8, the coefficient for generation is 0.0006130. This coefficient is statistically significant (
p-value = 3.56 × 10
−9, which is much less than 0.05), suggesting a strong relationship between generation and the dependent variable (SO
2).
SO
2 emissions in the FCPP can be estimated from the following formula:
where SO
2 is in metric tons and G is the generation in MWh.
To obtain the rate of change in SO
2 emission concerning electricity generation, the derivative of SO
2 emission to electricity generation, dSO
2/dG (14), can be used, as follows:
This means that for every additional generation unit in MWh, there will be an additional 0.0006130 SO2 emission in metric tons.
5.2. Linear Regression Analysis for Water Consumption and Emissions from the Natural Gas-Fired Power Plant
From 2013 to 2022, the monthly data for the natural gas-fired power plant indicated a noticeable increase in electricity generation at the Afton power plant during the summer compared to other months.
Figure 3 shows the monthly variation in electricity generation (MWh) at the Afton natural gas power plant (2013–2022), indicating elevated output during summer months.
A linear regression analysis was performed to find the equation for the generation at the Afton NG power plant.
Table 9 demonstrates the results of this analysis.
Table 9 demonstrates regression statistics for modeling generation at the Afton natural gas power plant based on fuel input (NG), water use, and month.
The linear regression analysis demonstrated an exceptionally strong positive relationship between the observed and predicted values, with a multiple R of 0.994. The R-squared and Adjusted R-squared values are both 0.988, indicating that 98.8% of the variance in the dependent variable is explained by the model, demonstrating an excellent fit. With 113 observations, the model is based on a substantial dataset, further supporting the reliability of these results.
Table 10 shows regression coefficients and diagnostics for electricity generation at Afton, with natural gas and water as key inputs.
The linear regression results show that the intercept and all coefficients (months, fuel, water) are statistically significant, with very low p-values. The intercept is −3204.067, indicating the starting value of the dependent variable when other variables are zero. Fuel and water have positive coefficients of 0.004474 and 1409.2497, respectively, indicating that increases in these variables lead to increases in the dependent variable (generation).
Based on the analysis, the formula for generations in the summer months in the Afton power plant can be determined as follows:
where G is generation in MWh, NG is natural gas in metric tons, and W is water in million gallons. These units are the same for all the equations. By removing the coefficients for the summer months from Equation (15), the equation for the generation in the other months can be obtained as follows:
So, based on these equations, it is possible to find the amount of water and NG required to generate electricity in the Afton power plant. NG consumption in the summer months in the natural gas-fired power plant can be calculated using the following equation:
and for other months, NG can be estimated using the following formula:
The derivative of NG consumption to electricity generation, dNG/dG (19), can be used to quantify how much the NG consumption changes for each unit change in electricity generation.
This means that for every additional unit of generation in MWh, there needs to be an additional 223.7 metric tons of NG used.
From Equation (15), water consumption in the summer months in the natural gas-fired power plant can be calculated using the following equation:
For the other months, the following equation can be used:
Taking the partial derivative of water consumption to electricity generation, the following formula for the natural gas-fired power plant can be obtained:
This means that for every additional unit of generation in MWh, there needs to be an additional 0.0007 units of water used in million gallons, which equates to 700 gallons.
A linear regression was utilized to analyze emissions at the Afton power plant for each type of emission. The following tables are the results of the linear regression for CO
2 emissions.
Table 11 demonstrates regression statistics for CO
2 emissions as a function of electricity generation at the Afton power plant.
The regression analysis indicates a strong linear relationship between the predicted and observed values, with a multiple R of 0.9927. The R-squared value of 0.9854 suggests that approximately 98.5% of the variability in the dependent variable is explained by the model. The adjusted R-squared value, which accounts for the number of predictors in the model, is also very high at 0.9853, confirming the model’s robustness. The standard error of 1794.4871 represents the average distance that the observed values deviate from the regression line, showing the model’s precision. Additionally, the sample size of 113 observations is substantial and adequate for this analysis.
Table 12 shows regression coefficients and evaluation metrics for modeling CO
2 emissions at the Afton NG power plant.
The linear regression results showed that both the interception and the generation variable are statistically significant, with very low p-values. The intercept is 1836.9883, indicating the starting value of the dependent variable when generation is zero. The generation coefficient is 0.400042, suggesting that for each additional unit of generation, the dependent variable (CO2) increases by 0.400042 units. These findings highlight the significant positive impact of generation on the dependent variable (CO2).
The CO
2 emissions in the NG power plant, based on the linear regression results, can be estimated from the following equation:
where CO
2 is in metric tons and G is generation in MWh.
To obtain the rate of change in CO
2 emission concerning electricity generation, the derivative of CO
2 emission to electricity generation, dCO
2/dG (24), can be used, as follows:
This means that for every additional unit of generation in MWh, there will be an additional 0.40004 metric tons of coal CO2 emissions.
For the NO
x emission in the Afton power plant, a linear regression analysis has also been performed, and the following tables are the results from the regression. In this analysis, NO
x has been studied as a function of power generation.
Table 13 shows regression statistics for modeling NO
x emissions at the Afton plant based on electricity generation.
The regression statistics indicate a moderate linear relationship between the predicted and observed values, with a multiple R of 0.5621. The R-squared value of 0.3159 means that approximately 31.6% of the variability in the dependent variable is explained by the model. The adjusted R-squared value, which adjusts for the number of predictors, is slightly lower at 0.3097, suggesting that the model’s explanatory power is somewhat reduced when accounting for the number of predictors. The standard error of 2.2657 represents the average distance that the observed values fall from the regression line, indicating the model’s precision. With 113 observations, the sample size is substantial, adding to the reliability of these results.
Table 14 demonstrates regression coefficients for the NO
x emissions equation at Afton, using generation as the independent variable.
The linear regression results showed that both the interception and the generation variable are statistically significant, with very low p-values. The generation coefficient is 0.0000417, suggesting that for each additional unit of generation, the dependent variable (NOx) increases by 0.0000417 units. With 113 observations, the sample size is substantial, contributing to the reliability of these results.
NO
x emissions in the Afton power plant can be evaluated from the following formula:
where NO
x is in metric tons and G is the generation in MWh.
To obtain the rate of change in NO
x emission concerning electricity generation, the derivative of NO
x emission to electricity generation d NO
x/dG (26), can be used, as follows:
This means that for every additional generation unit in MWh, there will be an additional 0.0000417 NOx emissions in metric tons.
For the SO
2 emission in the Afton power plant, a linear regression analysis has been performed, and the following tables are the results from the regression. In this analysis, SO
2 has been studied as a function of power generation.
Table 15 shows regression statistics for SO
2 emissions modeled against generation in the Afton power plant.
The regression statistics indicate a strong linear relationship between the predicted and observed values, with a multiple R of 0.9926. The R-squared value of 0.9853 means that approximately 98.5% of the variability in the dependent variable is explained by the model. The adjusted R-squared value, which adjusts for the number of predictors, is also very high at 0.9851, confirming the model’s robustness. The standard error of 0.0091 represents the average distance that the observed values fall from the regression line, indicating the model’s precision. With 113 observations, the sample size is substantial, adding to the reliability of these results.
Table 16 demonstrates regression coefficients for SO
2 emissions as a function of electricity generation at Afton.
The linear regression results showed that both the intercept and the generation variable are highly significant, with p-values much lower than 0.05. The intercept coefficient of 0.0092033 suggests that when all predictors are zero, the expected value of the dependent variable is 0.0092033. The generation coefficient of 0.000002 indicates that for each unit increase in generation, the dependent variable (SO2) increases by 0.000002 units.
Based on the results from linear regression, SO
2 emissions in the Afton power plant can be estimated from the following formula:
where SO
2 is in metric tons and G is the generation in MWh.
To obtain the rate of change in SO
2 emission concerning electricity generation, the derivative of SO
2 emission to electricity generation, d SO
2/dG (28), can be used, as follows:
This means that for every additional generation unit in MWh, there will be an additional 0.000002 SO2 emissions in metric tons.
By applying formulas to different scenarios, one can determine changes in water usage and emissions when transitioning from coal to natural gas.
5.7. Utilizing Formulas in the Fourth Scenario
The last scenario investigated producing 100% electricity from NG in the Afton power plant. So, for the last scenario, water consumption and emission production rates per unit of electricity produced in the Afton power plant can be used when generating 100% electricity in this power plant as follows:
To determine the net impact on water consumption and emission production in the transition from the first scenario (100% coal) to the last scenario (100% NG), the following calculations can be utilized:
This indicates that transitioning from generating 100% of electricity from coal (first scenario) to producing 100% of electricity from NG (last scenario) can result in saving 2750 gallons of water per MWh.
This indicates that transitioning from generating 100% of electricity from coal (first scenario) to producing 100% of electricity from natural gas (last scenario) can result in a decrease of 0.612683 metric tons of CO
2 per MWh.
This indicates that transitioning from generating 100% of electricity from coal (first scenario) to producing 100% from natural gas (last scenario) can decrease 0.0017946 metric tons of NO
x per MWh.
This indicates that transitioning from generating 100% of electricity from coal (first scenario) to producing 100% of electricity from natural gas (last scenario) can result in a decrease of 0.000611 metric tons of SO2 per MWh.
Table 18 summarizes the net change for each variable in each scenario compared to the first scenario. As indicated in the table, the net change in water consumption and emission production has been calculated based on the generation of 1000 MWh of electricity.
Table 18 shows the water consumption, emissions, and fuel input required for generating 1000 MWh under four coal-to-NG transition scenarios. Values are broken down by power plant type.
Based on
Table 18, transitioning from scenario one to the second scenario can result in a saving of 0.5500 million gallons (550,000 gallons) of water and a reduction of 0.3589, 0.1222, and 123.438 metric tons of NO
x, SO
2, and CO
2, respectively, when generating 1000 MWh of electricity. Also, transitioning from scenario one to the third scenario can result in a saving of 1.3750 million gallons (1,375,000 gallons) of water and a reduction of 0.8973, 0.3055, and 306.342 metric tons of NO
x, SO
2, and CO
2, respectively, when generating 1000 MWh of electricity. Finally, transitioning from scenario one to the last scenario can result in a saving of 2.7500 million gallons (2,750,000 gallons) of water and a reduction of 1.7946, 0.6110, and 612.683 metric tons of NO
x, SO
2, and CO
2, respectively, when generating 1000 MWh of electricity.
Table 19 demonstrates the water usage and emission production in mining coal and natural gas in different scenarios for mining operations. In this table, for 1000 MWh energy production based on energy sources such as coal and natural gas, we investigated and analyzed several impressive factors, including coal required, CO
2, SO
2, and NO
x emissions, as well as water usage for mining. Then, we calculated the results in four scenarios for each power plant. The units in this table for coal, natural gas, and emissions are metric tons, and for water, the units are millions of gallons.
Table 19 [
11,
12,
13,
14,
15,
16] demonstrates water use and emissions (CO
2, NO
x, SO
2) associated with coal and natural gas fuel extraction (mining phase) for different transition scenarios producing 1000 MWh.
This research evaluates the environmental impacts of transitioning from coal to NG for electricity generation in San Juan County, New Mexico, focusing on the FCPP plant and the Afton power plant.
The results for changing the rates for water consumption (dW), carbon dioxide emissions (dCO2), nitrogen oxide emissions (dNOx), and sulfur dioxide emissions (dSO2) per unit of generation (dG) for each scenario are calculated and compared.
5.9. Carbon Dioxide Emissions (dCO2)
These outcomes from this study demonstrate the substantial reduction in CO
2 emissions when shifting from coal to NG, with the most considerable decrease observed in Scenario 4. These results are in [
19], which state that NG power plants emit approximately 50–60% less CO
2 than coal plants.
The marked decrease across the scenarios is shown as follows:
Scenario 2: 0.123438 metric tons/MWh decrease in comparison with scenario one.
Scenario 3: 0.306342 metric tons/MWh decrease in comparison with scenario one.
Scenario 4: 0.612683 metric tons/MWh decrease in comparison with scenario one.
The substantial decrease in emissions in different scenarios indicates that NG could play a crucial role in reducing the carbon footprint of the FCPP in San Juan County. This transition is also supported by New Mexico’s Energy Transition Act, which promotes a shift from coal to more sustainable energy sources [
20].
The results of this study demonstrate a significant decrease in NOx emissions. The reduction in NOx emissions across the scenarios is consistent with the cleaner combustion process of NG compared to coal. The marked decrease in NOx emissions noted in Scenario 4 indicates that a full shift to NG could result in major enhancements in air quality. The values are as follows:
Scenario 2: 0.000359 metric tons/MWh decrease in comparison with scenario one.
Scenario 3: 0.0008973 metric tons/MWh decrease in comparison with scenario one.
Scenario 4: 0.0017946 metric tons/MWh decrease in comparison with scenario one.
These findings align with the existing literature that underscores the environmental benefits of NG over coal. For instance, a study conducted by [
21] showed that switching from coal to NG could reduce NO
x emissions by approximately 50%. This is due to NG’s lower nitrogen content and more effective combustion processes.
5.11. The Economic Aspect of Transferring Energy Production from Coal to Natural Gas
This section focuses on an economic evaluation of transitioning from coal to NG across various scenarios, focusing on the reduction in water consumption, CO2, NOx, and SO2 emissions. It should be emphasized that these economic results are only relevant to the two power plants studied in this research.
5.11.1. Water Savings
Scenario 2: 0.00055 million gallons/MWh (550 Gallons/MWh) will save in comparison with scenario one.
Scenario 3: 0.001375 million gallons/MWh (1375 Gallons/MWh) will save in comparison with scenario one.
Scenario 4: 0.00275 million gallons/MWh (2750 Gallons/MWh) will save in comparison with scenario one.
The cost of water in New Mexico, as indicated by the Office of the State Engineer (OSE), is estimated at USD 88 per acre-foot. This estimate is based on the agreement with the state [
23], which outlines that the cost per acre-foot can range from USD 88 to USD 190, depending on the amount of water leased and the consumer price index [
23]; based on this report, the economic value of saving water to generate each MWh in each scenario would be as follows:
Scenario 2 = 550 (gallons)/325,851 × 88 = USD 0.1485
Scenario 3 = 1375 (gallons)/325,851 × 88 = USD 0.3713
Scenario 4 = 2750 (gallons)/325,851 × 88 = USD 0.743
In this calculation, one acre-foot is equal to 325,851 gallons, and the calculations are based on the minimum water value of USD 88 per acre-foot.
5.11.2. CO2 Emissions Reduction
Based on the study results, the CO2 reduction in each scenario is as follows:
Scenario 2: 0.123438 metric tons/MWh decrease in comparison with scenario one.
Scenario 3: 0.306342 metric tons/MWh decrease in comparison with scenario one.
Scenario 4: 0.612683 metric tons/MWh decrease in comparison with scenario one.
A report by [
24] suggests that the health-related advantages of CO
2 reduction could be significant, with conservative estimates exceeding USD 100 per ton of CO
2 mitigated in high-income nations and USD 50 per ton in middle-income countries. Based on this report, the economic value of the deduction of CO
2 to generate each MWh in each scenario would be as follows:
Scenario 2 = 0.123438 (metric tons) × 100 = USD 12.34
Scenario 3 = 0.306342 (metric tons) × 100 = USD 30.63
Scenario 4 = 0.612683 (metric tons) × 100 = USD 61.26
These calculations are based on the high-income nations’ benefit of reducing one ton of CO2, which equals USD 100.
5.11.3. NOx Emissions Reduction
Based on the study results, the NOx reduction in each scenario is as follows:
Scenario 2: 0.000359 metric tons/MWh decrease in comparison with scenario one.
Scenario 3: 0.0008973 metric tons/MWh decrease in comparison with scenario one.
Scenario 4: 0.0017946 metric tons/MWh decrease in comparison with scenario one
According to the EPA [
25], the health benefits per ton of NO
x reduced in the oil and NG sectors are valued at approximately USD 8140 per ton.
Based on this report, the economic value of the deduction of NOx to generate each MWh in each scenario would be as follows:
Scenario 2 = 0.000359 (metric tons) × 8140 = USD 2.92
Scenario 3 = 0.0008973 (metric tons) × 8140 = USD 7.30
Scenario 4 = 0.0017946 (metric tons) × 8140 = USD 14.61
5.11.4. SO2 Emissions Reduction
Based on the study results, the SO2 reduction in each scenario is as follows:
Scenario 2: 0.0001222 metric tons/MWh decrease in comparison with scenario one.
Scenario 3: 0.0003055 metric tons/MWh decrease in comparison with scenario one.
Scenario 4: 0.000611 metric tons/MWh decrease in comparison with scenario one.
According to the EPA [
17], the health benefits per ton of SO
2 reduced in the oil and natural gas sector are valued at approximately USD 19,500 per ton.
Based on this report, the economic value of the deduction of SO2 to generate each MWh in each scenario would be as follows:
Scenario 2 = 0.0001222 (metric tons) × 19,500 = USD 2.38
Scenario 3 = 0.0003055 (metric tons) × 19,500 = USD 5.96
Scenario 4 = 0.000611 (metric tons) × 19,500 = USD 11.91