The results are reported of an energy analysis of a biomass/coal co-firing based power generation system, carried out to investigate the impacts of biomass co-firing on system performance. The power generation system is a typical pulverized coal-fired steam cycle unit, in which four biomass fuels (rice husk, pine sawdust, chicken litter, and refuse derived fuel) and two coals (bituminous coal and lignite) are considered. Key system performance parameters are evaluated for various fuel combinations and co-firing ratios, using a system model and numerical simulation. The results indicate that plant energy efficiency decreases with increase of biomass proportion in the fuel mixture, and that the extent of the decrease depends on specific properties of the coal and biomass types.