The methodology presented in this paper is implemented through a tool that integrates the functionality needed to perform accurate CHP market analysis. This tool includes the selection of target market segments and representative buildings, hourly building loads and characteristics, alternative CHP configurations, control rules and equipment management strategies, as well as detailed utility rates, components-based economics and reliability data. Results obtained by using the full capability of this tool are compared with less rigorous screening methods that use average building loads, constant equipment characteristics, and average utility rates. The comparison of results demonstrates that the utilization of the latter methods allows faster market screenings, but generates results that may lead to loss of capital investment, equipment operation and designs that are far from optimal, and erroneous energy policies.

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