Abstract
The application of energy in its various forms to industrial operations nearly always involves a cost. The cost seldom equals the true value of the energy involved. In some instances, the value is many times the cost and, in others, only a small fraction. The importance of the distinction is discussed, and a technique for accurate determination of the two factors is described.
Specific examples involving cogeneration in an industrial steam power system will be presented. This will include an explanation of the practical application of the concepts in the determination of true economic value of cogenerated power.
Viar, W. L. (1983). Energy Value vs. Energy Cost: A Fundamental Concept of Economics Applied to Cogeneration. Energy Systems Laboratory (http://esl.tamu.edu); Texas A&M University (http://www.tamu.edu). Available electronically from
https : / /hdl .handle .net /1969 .1 /94547.