The use of fuel cell systems for distributed residential power generation represents an interesting alternative to traditional thermoelectric plants due to their high efficiency and the potential recovering of the heat generated by the internal electrochemical reactions. In this paper the study of a micro cogenerative (CHP) energy system based on a Proton Exchange Membrane fuel cell (PEMFC) is reported. With the aim to evaluate the performance and then the feasibility of this non-conventional energy system, in consideration of thermal and electrical basic demand of a multifamily apartment blocks, a zero-dimensional PEMFC model in Aspen Plus environment has been developed. A simulations sequence has been carried out at different operating conditions of the fuel cell (varying temperature, pressure and relative humidity). Subsequently, on the basis of the obtained results, an energy/exergy analysis has been conducted to define the optimal operating conditions of the PEMFC that ensures the most efficient use of the energy and exergy inputs. (C) 2011 Elsevier Ltd. All rights reserved.