Abstract—Businesses are currently being forced to re-evaluate their energy practices with the emergence of carbon pricing in many developed nations including Australia’s relatively new carbon pricing mechanism. This paper expands on a previous investigation by these authors. A gas turbine CHP system is examined to determine the financial impact Australia’ s carbon price has on the installation incentive to help businesses become more energy efficient. Three economic cases were considered to ensure a comprehensive analysis was conducted. The system was unprofitable under all configurations indicating a gas turbine based system was not financially beneficial when applied to this case study. However, the system became slightly more economical when the carbon price was introduced indicating the installation of a CHP system may be beneficial under carbon pricing.
Index Terms—Australia’s carbon price, combined heat and power system, gas turbine partial load, thermo-economic optimization.
The authors are with The University of Sydney, NSW, Australia (e-mail: m.behnia@sydney.edu.au).
[PDF]
Cite:Chanel A. Gibson, Mehdi Aghaei Meybodi, and Masud Behnia, "How Carbon Pricing Impacts the Selection and Optimization of a Gas Turbine Combined Heat and Power System: An Australian Perspective," Journal of Clean Energy Technologies vol. 3, no. 1, pp. 7-11, 2015.
