The thermodynamic performance of a regenerative organic Rankine cycle that utilizes low temperature heat sources to facilitate the selection of proper organic working fluids is simulated. Thermodynamic models are used to investigate thermodynamic parameters such as output power, and energy efficiency of the ORC (Organic Rankine Cycle). In addition, the cost rate of electricity is examined with exergo-economic analysis. Nine working fluids are considered as part of the investigation to assess which yields the highest output power and exergy efficiency, within system constraints. Exergy efficiency and cost rate of electricity are used as objective functions for system optimization, and each fluid is assessed in terms of the optimal operating condition. The degree of superheat and the pressure ratio are independent variables in the optimization. R134a and iso-butane are found to exhibit the highest energy and exergy efficiencies, while they have output powers in between the systems using other working fluids. For a source temperature was equal to 120 °C, the exergy efficiencies for the systems using R134a and iso-butane are observed to be 19.6% and 20.3%, respectively. The largest exergy destructions occur in the boiler and the expander. The electricity cost rates for the system vary from 0.08 USD/kWh to 0.12 USD/kWh, depending on the fuel input cost, for the system using R134a as a working fluid.
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