Energy Management of Roof-Top PV in Residential Sector considering Various Incentive Policies

Articles in Press

Document Type : Research paper

Authors

1 Department of Electrical Engineering, K. N. Toosi University of Technology, Tehran, Iran

2 Department of Electrical and Computer Engineering, Qom University of Technology, Qom, Iran

3 Research and Innovation Division, Nowocert, Dublin, Ireland

Abstract

This paper presents a comprehensive model to evaluate the potential of integrating renewable energy sources (RESs) and battery energy storage systems (BESS) in the residential sector. The proposed model is applied to real-world residential customers to determine the optimal strategy for photovoltaic (PV) installation under different pricing schemes, including the Feed-in Tariff (FIT) and Net Energy Metering (NEM) mechanisms. To this end, the model accounts for capital cost, installation cost, maintenance cost, and replacement cost of PV units and battery energy storage systems. The analysis employs the Net Present Value (NPV) metric to assess the future cash flows of a residential customer and evaluate PV installations under different tariff structures, such as actual and subsidized electricity prices. The residential customer is connected to the distribution network and can interact with the distribution operator to maximize the benefits of their resources. Furthermore, customers can utilize the BESS to increase their flexibility in energy management. The proposed model is tested on a real case study in Tehran city, and the simulation results indicate that the payback period under the FIT mechanism is less than four years, making this strategy more beneficial for residential customers.

Keywords

Main Subjects

Journal of Operation and Automation in Power Engineering

Articles in Press, Accepted Manuscript
Available Online from 13 February 2025

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History

  • Receive Date: 27 May 2024
  • Revise Date: 21 November 2024
  • Accept Date: 13 December 2024
  • First Publish Date: 13 February 2025

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