Financial Analysis for a Multi-Carrier Energy System Equipped with CCHP

Abstract

The interest on distributed generation has been increasing in recent years, especially due to technical development on generation systems that meet environmental and energy policy concerns. One of the most important distributed energy technologies is Combined Cooling, Heat and Power (CCHP) systems. CCHP is a small and self-contained electric, heating and cooling generation plant that can provide power for household applications, commercial or industrial facilities. It can reduce power loss and enhance service reliability in distribution systems. Since the input of a CCHP system is natural gas then natural gas price is so important in CCHP penetration level in DG’s market. In this paper authors by considering gas price, capital cost and also sales revenue, find the effects of these parameters in financial parameters for a multi-carrier energy system with optimal size and operation by applying COMFAR III software.