Cogeneration: Where Will it Fit in the Deregulated Market?
DOI:
https://doi.org/10.13052/dgaej2156-3306.1326Abstract
Several states in the United States are opening their electric
power markets to competition. Among them California and Massa-
chusetts on Jan . 1, 1998 (currently California experiences a problem
with the trading computer's communication, so the implementation
has been delayed beyond Jan . 1, 1998), Rhode Island on July 1, 1998,
Pennsylvania on Jan . 1,1999, and Michigan will phase in competition
through 2002.
Cogeneration due to potentially high efficiency can be very com-
petitive in a deregulated market. Cogeneration can achieve
extremely high levels of thermal efficiency, much higher than the
most advanced and sophisticated combined cycle power plants gener-
ating only electric power.
And thermal efficiency is one of the key factors in determining
the power plant economics and feasibility. High efficiency means a
lesser amount of fuel is used to generate the same amount of energy .
In turn, burning a lesser amount of fuel means that fewer pollutants
will be emitted.

