Economical evaluation of photovoltaic and battery systems under real-time pricing (RTP)

Author

Tachikawa, Shuhei ; Yachi, Toshiaki ; Tanaka, T. ; Babasaki, Tadatoshi

Author_Institution

Dept. of Electr. Eng., Tokyo Univ. of Sci., Tokyo, Japan

fYear

2013

fDate

20-23 Oct. 2013

Firstpage

264

Lastpage

268

Abstract

The economic efficiency of photovoltaic (PV) and battery systems for residential power distribution is evaluated quantitatively for the first time under a rate system using electricity prices that change at hourly intervals (i.e., real-time pricing, RTP). The evaluation model assumes that the option price of a feed-in tariff (FIT) decreases continuously. The proposed operational method focuses on utilizing both a low-price grid and home-generated power cooperatively. The economic effect of implementing this system is clarified by a computational simulation.

Keywords

photovoltaic power systems; power distribution; pricing; secondary cells; tariffs; FIT; RTP; battery systems; economical evaluation; electricity prices; feed-in tariff; home-generated power; low-price grid; photovoltaic systems; rate system; real-time pricing; residential power distribution; Batteries; Economics; Electricity; Photovoltaic systems; Power distribution; Pricing; Renewable energy sources; battery; feed-in tariff; photovoltaic; power supply system; real-time pricing;

fLanguage

English

Publisher

ieee

Conference_Titel

Renewable Energy Research and Applications (ICRERA), 2013 International Conference on

Conference_Location

Madrid

Type

conf

DOI

10.1109/ICRERA.2013.6749763

Filename

6749763