Naslov
ASSESSING THE EFFECTS OF GAS AND CO2 EMISSIONS ALLOWANCE PRICING ON CHP SYSTEM ECONOMIC PERFORMANCE

Autori
Pekanov, Dubravka

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic and Social Development (Book of Proceedings), 95th International Scientific Conference on Economic and Social Development / Ribeiro, Humberto Nuno ; Fotova Čiković, Katerina ; Kovač, Ivana - Aveiro : Varazdin Development and Entrepreneurship Agency ; University North ; University of Aveiro ; Faculty of Management University of Warsaw ; Faculty of Law, Economics and Social Sciences Sale - Mohammed V University in Rabat, 2023, 79-87

Skup
95th International Scientific Conference on Economic and Social Development

Mjesto i datum
Aveiro, Portugal, 27.04.2023. - 28.04.2023

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
CHP plant, Energy generation, Sensitivity analysis, Net present value, Internal rate of return

Sažetak
Combined heat and power (CHP) systems offer a promising solution for reducing energy consumption and greenhouse gas (GHG) emissions, by minimizing losses associated with separate heat and electricity production. Given the energy crisis that Europe faced in 2021, this paper examined the economic performance of CHP system in the context of significant changes in the energy market. Specifically, the study aimed to investigate the impact of rising gas and CO2 allowance prices, which directly affect the price of electricity generated by CHP system. Two scenarios were evaluated using sensitivity analysis, each assessing the effect of varying gas and CO2 allowance prices. Additionally, changes in electricity prices were also analyzed to assess their potential impact on the economic performance of gas CHP system. The findings indicate that the economic performance of CHP system is highly vulnerable to fluctuations in gas and CO2 allowance prices, as well as electricity prices. Therefore, it is critical to account for these factors when designing and operating gas CHP systems, to optimize performance and financial returns. This study provides a valuable tool for decision-making and designing efficient and effective CHP systems, by analyzing the effects of changing energy market conditions on their economic performance.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA