Akademik Veri Yönetim Sistemi
Journal of Central South University, cilt.30, sa.11, ss.3575-3585, 2023 (SCI-Expanded)
Generation of power through renewable energy resources is variable in nature due to their intermittence and the generation cost from these resources is also high for developing countries. Supportive policies and schemes like feed-in tariff and net metering are not so much attractive for consumers due to their insufficient rates and unfavorable institutional design. The shortcomings in these schemes can be avoided through self-consumption technique for roof top solar photovoltaic system, as this technique results in cheaper generation of electricity as compared to that of utility or grid. Therefore, prosumers are more attractive to use most of electrical power at cheapest price. In this paper, the cost and feasibility for the on-grid industrial solar photovoltaic system was analyzed. It is found from the results that store on-grid based photovoltaic system will be 0.0086 $/(kW ∙ h) and utility will sell energy to the prosumers at rate of 0.062 $/(kW·h), which will result in 35.23% reduction in annual cost of energy as compared to time of use rating model. Furthermore, 96% of annual energy demand can be achieved by the proposed scheme, which guarantees the security of supply and the proposed model can be adopted for developing countries.