 Energy price spread as a driving force for combined generation investments: A view on EuropeK.C. Kavvadias Energy, 2016, vol. 115, issue P3, 1632-1639 Abstract: Combined generation of heat, cooling and power has a large potential to increase its share in distributed generation of energy. Such investments are driven by energy savings which result to operational profits. These profits are very sensitive to the prices of the competitive energy products: electricity and gas. In this work a theoretical indicator is developed between energy prices, the technical characteristics of cogeneration and conventional generation equipment and the investment viability. Through this indicator, the operational profitability of cogeneration equipment is mapped and discussed. Empirical rules are extracted which can give a clear view of the sensitivity of energy prices on energy efficiency investments. The European cogeneration status quo is analyzed in terms of energy prices and market share. The developed indicator is also used, to analyze market related barriers and highlight the importance of energy pricing policy as a tool to minimize the risk exposure of energy efficiency investments. Keywords: Prices; Market conditions; Trigeneration; Feasibility (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:115:y:2016:i:p3:p:1632-1639 DOI: 10.1016/j.energy.2016.03.058 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
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