Open AccessMARKET AND DEVELOPMENT TRENDS IN COGENERATION AND COMBINED HEAT AND POWER PLANTS
Author(s) -
Jan Slad,
Andreas Pickard,
Frank Strobelt
Publication year - 2018
Publication title -
acta polytechnica ctu proceedings
Language(s) - English
Resource type - Journals
ISSN - 2336-5382
DOI - 10.14311/app.2018.20.0086
Subject(s) - cogeneration , profitability index , investment (military) , efficient energy use , business , environmental economics , natural resource economics , subsidy , promotion (chess) , value (mathematics) , energy market , economics , power (physics) , waste management , renewable energy , market economy , electricity generation , engineering , finance , physics , electrical engineering , quantum mechanics , politics , political science , law , machine learning , computer science
The transition of energy mix in Europe is placing greater focus on energy efficiency. Lawmakers in some of EU countries have already recognized that combined heat and power generation (cogeneration, CHP) can help increase energy efficiency. Targeted promotion and subsidization have raised the cost-effective profitability of cogeneration plants significantly. But how can the economic value of this investment be maximized?