Combined heat and power (CHP) is quite easy to understand from an energy efficiency perspective. Deploying policies to encourage it is very complex due to a number of things: What fuel type are we saving? What is fair for the utility? What are the public benefits? How should any incentives be derived? CHP Overview In a conventional thermal power plant fired by coal, roughly 20% of the energy is lost to the exhaust in the form of waste heat. Roughly 45% of the thermal energy is rejected to the atmosphere or body of water – river, lake, or ocean. This…
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