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Document Type

Open Access

Degree Program

Mechanical Engineering

Degree Type

Master of Science in Mechanical Engineering (M.S.M.E.)

Year Degree Awarded

January 2008

Month Degree Awarded

September

Keywords

CHP, Energy Market

Abstract

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.

First Advisor

Lawrence Ambs

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