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The Economic Assessment of Proposed CHP Installations

Peter Bonham

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Abstract

Various methods for the economic evaluation of proposed gas turbine combined heat and power plants are discussed. These vary from the simple annual average method to a complex computer simulation based model. The paper describes in detail the use of a program which simulates turbine and boiler performance from data provided by a potential customer. This data takes the form of load and steam demands for typical operating days. The method has been developed for the United Kingdom market but could be adapted to suit any country.

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What this paper is about

Various methods for the economic evaluation of proposed gas turbine combined heat and power plants are discussed. These vary from the simple annual average method to a complex computer simulation based model. The paper describes in detail the use of a program which simulates turbine and boiler performance from data provided by a potential customer. This data takes the form of load and steam demands for typical operating days. The method has been developed for the United Kingdom market but could be adapted to suit any country.

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Available abstract

Various methods for the economic evaluation of proposed gas turbine combined heat and power plants are discussed. These vary from the simple annual average method to a complex computer simulation based model. The paper describes in detail the use of a program which simulates turbine and boiler performance from data provided by a potential customer. This data takes the form of load and steam demands for typical operating days. The method has been developed for the United Kingdom market but could be adapted to suit any country.

Key concepts: Steam turbine, Boiler (water heating), Gas turbines, Computer science, Cogeneration, Turbine, Engineering, Electricity generation

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