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Master of Science in Mechanical Engineering (M.S.M.E.)
Year Degree Awarded
Month Degree Awarded
CHP, Energy Market
Combined Heat and Power (CHP) is the production of electricity and the simultaneous utilization of the heat produced by the generator prime mover. The energy efficiency advantages of CHP are undisputed, and yet, the continuously changing economic conditions make the implementation of such projects financially not viable if no incentives are available.
This thesis attempts to demonstrate the economic benefits associated with DG-CHP. The identification and quantification of both benefits and costs to the different system stakeholders will serve to illustrate that additional DG-CHP installed capacity results in positive system wide benefits. Furthermore, it will be shown that there is justification to re-evaluate a more balanced allocation - among the different system stakeholders - of the benefits resulting from the implementation of DG-CHP technology in the New York State region.