This book contains the latest development technologies in the area of Power Systems. Deals with the deep-rooted linkages between existing and emerging concerns faced by distributed energy resources and their integration DESCRIPTION If there are two phrases we have come to know very well, they are 'environmental awareness' and 'credit crunch'. The world is looking for ways to decrease the emission of CO2 into the atmosphere, without incurring major costs in doing so. By increasing efficiencies up to about 90% using well established and mature technologies, cogeneration represents the best option for short-term reductions in CO2 emission levels. The ability to maximize revenue streams by taking advantage of price fluctuations in the cost of energy supply, and ensuring the ability to supply power regardless of what is happening on the grid is a powerful incentive to the use of cogeneration. The collapses of the grid networks in America and Italy in 2004 were a stark reminder of what can happen if there is over reliance on the grid network. Cogeneration makes sense economically, environmentally and operationally. CONTENTS Introduction What is Cogeneration? Why use Cogeneration? Who can use it? Can we use it? How to approach cogeneration?Legal and institutional framework Future developments Case studies RELATED TITLES Microgrids and Active Distribution Networks 978-1-84919-014-5 (2009) Local Energy 978-0-86341-739-9 (2008) Electricity Distribution Network Design 978-0-86341-309-4 (2003) Embedded Generation 978-0-85296-774-4 (2000) This new series of books from the IET brings together the engineering aspects of renewable energy technology, power generation and systems integration. Covering all aspects of renewable and sustainable power and highlighting the key principles behind each technology, its state of development and its relevance in the power industry. With energy and sustainability being areas of primary concern, these books are practical in approach and appeal to specialists and non-specialists alike, providing a thorough understanding to the economical and environmental issues as well as key engineering features.The Institution of Engineering and Technology is one of the world's leading professional societies for the engineering and technology community. The IET publishes more than 100 new titles every year; a rich mix of books, journals and magazines with a back catalogue of more than 350 books in 18 different subject areas including: -Power & Energy -Renewable Energy -Radar, Sonar & Navigation -Electromagnetics -Electrical Measurement -History of Technology -Technology Management