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dc.contributor.authorSutharssan, Thamo
dc.contributor.authorMontalvao, Diogo
dc.contributor.authorChen, Yong
dc.contributor.authorWang, Wen-Chung
dc.contributor.authorPisac, Claudia
dc.date.accessioned2016-03-08T15:38:22Z
dc.date.available2016-03-08T15:38:22Z
dc.date.issued2016-01-21
dc.identifier.citationSutharssan , T , Montalvao , D , Chen , Y , Wang , W-C & Pisac , C 2016 , ' Economic Analysis of Domestic Combined Heat and Power System in the UK ' , International Journal of Economics and Management Engineering , vol. 10 , no. 1 , pp. 73-77 .
dc.identifier.issn2225-742X
dc.identifier.otherPURE: 9935058
dc.identifier.otherPURE UUID: 04c576fc-ce5d-443b-95b8-20b91d59c870
dc.identifier.urihttp://hdl.handle.net/2299/16755
dc.description.abstractA combined heat and power (CHP) system is an efficient and clean way to generate power (electricity). Heat produced by the CHP system can be used for water and space heating. The CHP system which uses hydrogen as fuel produces zero carbon emission. Its’ efficiency can reach more than 80% whereas that of a traditional power station can only reach up to 50% because much of the thermal energy is wasted. The other advantages of CHP systems include that they can decentralize energy generation, improve energy security and sustainability, and significantly reduce the energy cost to the users. This paper presents the economic benefits of using a CHP system in the domestic environment. For this analysis, natural gas is considered as potential fuel as the hydrogen fuel cell based CHP systems are rarely used. UK government incentives for CHP systems are also considered as the added benefit. Results show that CHP requires a significant initial investment in return it can reduce the annual energy bill significantly. Results show that an investment may be paid back in 7 years. After the back period, CHP can run for about 3 years as most of the CHP manufacturers provide 10 year warranty.en
dc.language.isoeng
dc.relation.ispartofInternational Journal of Economics and Management Engineering
dc.rightsOpen
dc.titleEconomic Analysis of Domestic Combined Heat and Power System in the UKen
dc.contributor.institutionSchool of Engineering and Technology
dc.contributor.institutionCentre for Engineering Research
dc.contributor.institutionMaterials and Structures
dc.contributor.institutionSustainable Energy Technologies
dc.description.statusPeer reviewed
dc.identifier.urlhttp://waset.org/publications/10003322/economic-analysis-of-domestic-combined-heat-and-power-system-in-the-uk
dc.relation.schoolSchool of Engineering and Technology
dc.description.versiontypeFinal Published version
dcterms.dateAccepted2016-01-21
rioxxterms.versionVoR
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue
herts.rights.accesstypeOpen


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