LAI Seminar

Economics of Applying Micro Cogeneration Systems in the Electricity Infrastructure

By Michiel Houwing, Ph.D. Candidate
Faculty of Technology, Policy and Management - Delft University of Technology, The Netherlands

Abstract:
Distributed energy resources (DER = distributed power generation, local energy storage, load management) combined with the introduction of novel ICT infrastructures enable 'smart power systems'.

This research deals with the design and analysis of DER coordination regimes in order to provide insight into possible economic benefits of such regimes for households and load serving entities when using DER-electricity in energy markets.

The research focuses on domestic combined heat and power systems (= microCHP) based on Stirling technology. MicroCHP units are expected to become important next generation home heating systems in certain developed nations. The large-scale adoption of microCHP can substantially contribute to meeting energy efficiency and CO2-reduction policy goals.

Results from simulation studies show the possible economic benefits of the intelligent control of microCHPs in power systems.