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Distributed Energy Resource (DER) technology (e.g. microturbine, fuel cell) has greatly been advanced in recent years. These DERs are often used as the main components of a CHP-microgrid system and may be called as CHP-based DER. CHP-based DERs can provide power and heat with reliability and quality tailored to the requirements of end-users. As deregulation regime is penetrating more and more into...