Gas-fired combined cooling, heating and power (CCHP) in Beijing: A techno-economic analysis

The application of a gas-fired CCHP can effectively solve seasonal shortages of electricity and gas. To realize providing investment decision for gas-fired CCHP in Beijing, first, the paper analyses the status of gas-fired CCHP systems in Beijing; second, the technology structure and economic benefits of gas-fired CCHP systems are analyzed; third, a technical economic evaluation framework of a gas-fired CCHP is built, which analyses the cascade utilization and energy saving effects of a heat and power energy system in a gas-fired CCHP system. Analysis of the gas-fired CCHP system economy and the factors that influence the economic performance is also performed, as well as a sensitivity analysis. In addition, the paper also analyses an energy efficiency sharing model of a cooling, heating and power system that considers the grid enterprises' economic efficiency. Finally, an empirical analysis of a trigeneration project control center in the Beijing Gas Group is carried out. Research results show that gas-fired CCHP system is good to both customers and beneficial, fuel price and electricity price will influence revenue of Gas-fired CCHP system greatly, a reasonable energy efficiency sharing ratio will help to the recovery of investment in Gas-fired CCHP.