To enhance energy utilization efficiency and reduce carbon dioxide emission,a hybrid power system based on hydrogen,heat,and electricity co-generation in a gas plant is proposed.Through thermodynamic and economic analysis on the system,it is revealed that the energy efficiency and exergy efficiency can reach 74.60%and 64.47%,respectively,both higher than the fuel cell-gas turbine system under research and development.Among various subsystems,the fuel cell contributes the most to the total energy output power(88.59%),yet also incurs the highest exergy loss,accounting for 51.74%.However,the relative exergy losses of the water electrolysis and compressed air energy storage subsystems are comparatively lower.The compressed air energy storage unit's control range for peak shaving spans from 85%to 115%,and the electrolysis unit produces hydrogen at a rate of 0.41 kmol·h-1,enhancing the system's peak shaving capacity.Moreover,the proposed system demonstrates low carbon dioxide emission of 0.08 to 0.10 t·GJ-1,indicating minimal environmental impact.Considering discount rates and other factors,the investment cost of this project can be recovered within 3.66 years(including a 1-year construction period),with a net present value of 1.107 million U.S.dollars.Therefore,this proposed approach also exhibits a certain economic advantage.