This paper presents the results of thermal efficiency of two coal based oxy-combustion thermodynamic cycles that are modeled using aspen plus. The objective of the present study is to perform a parametric analysis, investigating the effect of different recirculation ratios at different pressures on the efficiencies of the cycle named for the company, ENEL, and the thermo energy power system, TIPS, cycles using aspen plus® software. Variables include the flue gas recycle flow rate, the combustor temperature, and the operational pressure. Five recirculation ratios were investigated, ranging from 20% to 75%. It was determined that as the amount of recycled gas into the combustor increased, the thermal efficiency increased for both the TIPS and ENEL cycles. The highest thermal efficiency for TIPS is 37% and for ENEL is 38%, both occurring at a 75% recirculation ratio. After investigation, since combustion temperature and specific heat capacity decreases at higher recirculation ratios, the mass flow rate was the dominant factor that contributes to the increase in thermal efficiency of the cycle. At each recirculation ratio, the effect of pressure is also determined. For ENEL, the increase in cycle efficiency is 10% over the pressure range of 1–12 bar at a recirculation ratio of 20%, while the increase in cycle efficiency is only 1.5% at a higher recirculation ratio of 75%. For TIPS, the cycle efficiency increases by 4% at the recirculation ratio of 20% and increases by 3% at the recirculation ratio of 75% for a pressure range of 50–80 bar.