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Economic Assessment of Cogeneration Systems in Operation

Author

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  • Aikaterini Papadimitriou

    (Laboratory of Process Analysis and Design, National Technical University of Athens, 15780 Athens, Greece
    Attiki Natural Gas Distribution Company SA, 14123 Likovrisi, Greece)

  • Vassilios Vassiliou

    (Attiki Natural Gas Distribution Company SA, 14123 Likovrisi, Greece)

  • Kalliopi Tataraki

    (Laboratory of Process Analysis and Design, National Technical University of Athens, 15780 Athens, Greece)

  • Eugenia Giannini

    (Laboratory of Process Analysis and Design, National Technical University of Athens, 15780 Athens, Greece)

  • Zacharias Maroulis

    (Laboratory of Process Analysis and Design, National Technical University of Athens, 15780 Athens, Greece)

Abstract

A systematic method to evaluate the economic operating performance of existing combined heat and power (CHP) or combined cooling heat and power (CCHP) generation systems is applied. Two key performance indicators are selected to evaluate both the technical and the economic performance, based on operating recording data; the capacity factor and the capital recovery. The case study for eight projects in Athens is presented with the purpose to reveal the current situation of CHP in Greece and identify reasons that are hindering its penetration. Interesting conclusions were reached from the analysis. Only two out of the eight projects managed to achieve the break-even point in less than four years since the beginning of their operation, while oversizing phenomena were noticed in many cases leading in extremely low capacity factors.

Suggested Citation

  • Aikaterini Papadimitriou & Vassilios Vassiliou & Kalliopi Tataraki & Eugenia Giannini & Zacharias Maroulis, 2020. "Economic Assessment of Cogeneration Systems in Operation," Energies, MDPI, vol. 13(9), pages 1-15, May.
    • Handle: RePEc:gam:jeners:v:13:y:2020:i:9:p:2206-:d:353346
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    References listed on IDEAS

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    Cited by:

    1. Aikaterini Papadimitriou & Anastasios Tosios & Eugenia Giannini, 2021. "Techno-Economic Performance Assessment of a Trigeneration System Operating in a Hospital," Energies, MDPI, vol. 14(16), pages 1-21, August.
    2. Ayşe Fidan Altun, 2022. "A Conceptual Design and Analysis of a Novel Trigeneration System Consisting of a Gas Turbine Power Cycle with Intercooling, Ammonia–Water Absorption Refrigeration, and Hot Water Production," Sustainability, MDPI, vol. 14(19), pages 1-22, September.
    3. Eugenia Giannini, 2022. "Cogeneration Economics," Energies, MDPI, vol. 15(14), pages 1-4, July.
    4. Ali Sulaiman Alsagri & Abdulrahman A. Alrobaian, 2022. "Optimization of Combined Heat and Power Systems by Meta-Heuristic Algorithms: An Overview," Energies, MDPI, vol. 15(16), pages 1-34, August.
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    6. Józef Ciuła & Sławomir Kowalski & Agnieszka Generowicz & Krzysztof Barbusiński & Zbigniew Matuszak & Krzysztof Gaska, 2023. "Analysis of Energy Generation Efficiency and Reliability of a Cogeneration Unit Powered by Biogas," Energies, MDPI, vol. 16(5), pages 1-16, February.
    7. Liting Zhang & Weijun Gao & Yongwen Yang & Fanyue Qian, 2020. "Impacts of Investment Cost, Energy Prices and Carbon Tax on Promoting the Combined Cooling, Heating and Power (CCHP) System of an Amusement Park Resort in Shanghai," Energies, MDPI, vol. 13(16), pages 1-22, August.
    8. Krzysztof Zamasz & Radosław Kapłan & Przemysław Kaszyński & Piotr W. Saługa, 2020. "An Analysis of Support Mechanisms for New CHPs: The Case of Poland," Energies, MDPI, vol. 13(21), pages 1-18, October.

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