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Article

Estimating the Economic Impacts of Net Metering Schemes for Residential PV Systems with Profiling of Power Demand, Generation, and Market Prices

Institute of Power Engineering, Riga Technical University (RTU), LV-1658 Riga, Latvia
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Energies 2018, 11(11), 3222; https://doi.org/10.3390/en11113222
Received: 29 October 2018 / Revised: 12 November 2018 / Accepted: 16 November 2018 / Published: 20 November 2018
(This article belongs to the Special Issue Solar and Wind Energy Forecasting)
This article analyses the influence of supporting scheme variants on the profitability of a projected investment of residential photovoltaic systems. The focus of the paper lies in evaluating the feasibility for the power system of solar power generation technologies to achieve a balance between energy generation and support costs in a more efficient way. The case study is based on a year-long time series of examples with an hourly resolution of electricity prices from the Nord Pool power market, in addition to the power demand and solar generation of Latvian prosumers. Electric energy generation and the consumption of big data from more than 100 clients were collected. Based on these data, we predict the processes for the next 25 years, and we estimate economic indicators using a detailed description of the net metering billing system and the Monte-Carlo method. A recommendation to change the current net system to a superior one, taking into account the market cost of energy, concludes the paper. View Full-Text
Keywords: solar power; photovoltaic systems; distributed generation; support schemes; net metering systems solar power; photovoltaic systems; distributed generation; support schemes; net metering systems
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MDPI and ACS Style

Sauhats, A.; Zemite, L.; Petrichenko, L.; Moshkin, I.; Jasevics, A. Estimating the Economic Impacts of Net Metering Schemes for Residential PV Systems with Profiling of Power Demand, Generation, and Market Prices. Energies 2018, 11, 3222. https://doi.org/10.3390/en11113222

AMA Style

Sauhats A, Zemite L, Petrichenko L, Moshkin I, Jasevics A. Estimating the Economic Impacts of Net Metering Schemes for Residential PV Systems with Profiling of Power Demand, Generation, and Market Prices. Energies. 2018; 11(11):3222. https://doi.org/10.3390/en11113222

Chicago/Turabian Style

Sauhats, Antans, Laila Zemite, Lubov Petrichenko, Igor Moshkin, and Aivo Jasevics. 2018. "Estimating the Economic Impacts of Net Metering Schemes for Residential PV Systems with Profiling of Power Demand, Generation, and Market Prices" Energies 11, no. 11: 3222. https://doi.org/10.3390/en11113222

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