Abstract
Energy hub paradigms are experiencing rapid pervasiveness during the last decade. Even though many studies have delved into the structure of hub systems, ongoing research projects are developing hub models to improve reliability and efficiency by adding new components to the scheme. Combined heat and power (CHP) units and boilers have been pivotal elements in hub models. However, in recent years the idea of integration of electrical heat pumps (EHPs) into the model is evaluated. This study aims to conduct a comparison between the effectiveness of CHP and EHP for the satisfaction of thermal demand in a residential energy hub with regard to economic objectives. In addition, in order to have a more practical appraisal, real-time pricing (RTP) demand response program is modeled in the simulation.
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