Laggard Plant
A laggard plant is a hypothetical unit chosen to be representative of plant that are in the least competitive 15-25 percent of installed capacity ranked by cost in a given region (excluding plants known to have unusual economic disadvantage). The definition includes all parameters relating to the Techno-Economics of a plant. The laggard plant is not intended to represent any specific unit in that region.
Leader Plant
A leader plant is a hypothetical unit chosen to be representative of plant that are in the most competitive 10-15 percent of installed capacity ranked by cost in a given region (excluding plants known to have unusual economic advantage). The definition includes all parameters relating to the techno-economics of a plant. The leader plant is not intended to represent any specific unit in that region.
Local Tax and Insurance
Local Tax/Insurance are the fixed costs associated with any rates payable to local authorities and the insurance costs associated with operating the plant.