EPRI Cogeneration Models -- DEUS and COPE

Abstract

In the Fall of 1978, the Electric Power Research Institute (EPRI) initiated a program for the design and evaluation of alternate cogeneration systems. The primary objective of the study is to analyze the overall system value of cogeneration. A portion of the study involved the development of a simulation model for evaluation of cogeneration systems on a site specific basis. Dual Energy Use Systems (DEUS) model contains an extensive data base with which to cost and size many different cogeneration systems and compare them with the no-cogeneration system for the same process. A financial and institutional model has been developed to follow the after tax cash flows from the attractive cogeneration configurations identified in DEUS. The financial model, Cogeneration Options Evaluation (COPE), is designed to consider the financial and regulatory implications for the utility, the industry and where relevant, third parties, for all practically feasible combinations of ownership.