Title: Energy price spread as a driving force for combined generation investments: a view to Europe
Authors: KAVVADIAS KONSTANTINOS
Publisher: Faculty of Mechanical Engineering and Naval Architecture, University of Zagreb
Publication Year: 2015
JRC N°: JRC97551
ISSN: 1847-7178
1847-7186
URI: http://www.dubrovnik2015.sdewes.org/programme.php
http://publications.jrc.ec.europa.eu/repository/handle/JRC97551
Type: Articles in periodicals and books
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. In the second section, the European cogeneration status quo is analysed in terms of energy prices and market share. The developed indicator will also be used to analyse market related barriers and highlight the importance of energy pricing policy as a tool to minimize the risk exposure of energy efficiency investments.
JRC Directorate:Energy, Transport and Climate

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