Screening Curve Method for Economic Analysis of Household Solar Energy Self-Consumption
The profitability of solar energy self-consumption in households, the so-called photovoltaic (PV) self-consumption, is expected to boost the deployment of PV and battery storage systems. This paper develops a novel method for economic analysis of PV self-consumption using battery storage based on an extension of the Screening Curve Method (SCM). The SCM enables quick and intuitive estimation of the least-cost generation mix for a target load curve and has been used for generation planning for bulk power systems. In this paper, we generalize the framework of existing SCM to take into account the intermittent nature of renewable energy sources and apply it to the problem of optimal sizing of PV and battery storage systems for a household. Numerical studies are provided to verify the estimation accuracy of the proposed SCM and to illustrate its effectiveness in a sensitivity analysis, owing to its ability to show intuitive plots of cost curves for researchers or policy-makers to understand the reasons behind the optimization results.
Code (0)
등록된 구현이 없습니다.
Similar Papers 제목 키워드 기반
Social and Economic Impact Analysis of Solar Mini-Grids in Rural Africa: A Cohort Study from Kenya and Nigeria
This study presents the first comprehensive analysis of the social and economic effects of solar mini-grids in rural African settings, specifically in Kenya and Nigeria. A group of 2,658 household heads and business owne…
Decision MakingUnderstanding long-term energy use in off-grid solar home systems in sub-Saharan Africa
Solar home systems provide low-cost electricity access for rural off-grid communities. As access to them increases, more long-term data becomes available on how these systems are used throughout their lifetime. This work…
Dynamic Time WarpingUniform taxation of electricity: incentives for flexibility and cost redistribution among household categories
Recent years have shown a rapid adoption of residential solar PV with increased self-consumption and self-sufficiency levels in Europe. A major driver for their economic viability is the electricity tax exemption for the…
Optimizing Utility-Scale Solar Siting for Local Economic Benefits and Regional Decarbonization
The Midwest, with its vast agricultural lands, is rapidly emerging as a key region for utility-scale solar expansion. However, traditional power planning has yet to integrate local economic impact directly into capacity …
The Impact of Renewable Energy Forecasts on Intraday Electricity Prices
In this paper we study the impact of errors in wind and solar power forecasts on intraday electricity prices. We develop a novel econometric model which is based on day-ahead wholesale auction curves data and errors in w…