The impact of incentive schemes on the viability of PV-and-battery systems

What is it about?

In this work, an assessment of the economic viability of integrated PV and BES systems is performed, examining three distinct incentives schemes, two BES control strategies and two different ToU tariffs. The proposed model receives as inputs the examined incentive scheme, PV generation and load consumption profiles, PV and BES system costs, as well as electricity charges. Using these data, an exhaustive optimization search is conducted to derive the optimal size of the integrated PV and BES system, in terms of NPV.

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Why is it important?

The findings of the paper show that electricity pricing signals can indirectly affect the operation of BES. The corresponding results can influence system operators to design new BES control strategies that offer ancillary peak-shaving services to the LV networks.