What is it about?
This paper proposes a model for economic evaluation of net metering environment. Four cases are considered depending on house location considering only roof-top solar generation as renewable energy source.
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Why is it important?
The difference in revenue earned and payback period among the four cases and the location biased nature of net metering are the major findings. The entire simulation is done in MATLAB simulink.
Perspectives
Net metering can be a luring solution over FiT’s. If applied properly, it has the potential of redefining the smart grid paradigm. To make it successful the policies need to be modified to make investment in solar generation more attractive under certain preconditions. In this context, a number of scenarios have been considered depending upon the consumer’s location. The results imply that the customer’s benefit from this scheme is non-uniform and hence biased due to his location. Technology to harvest maximum solar energy, greater incentives and development of other modes of renewable energy production are some of the fields that the government should stress upon in these areas.
SOHAM DUTTA
INDIAN INSTITUTE OF TECHNOLOGY (INDIAN SCHOOL OF MINES), DHANBAD
Read the Original
This page is a summary of: Location biased nature of net energy metering, April 2016, Institute of Electrical & Electronics Engineers (IEEE),
DOI: 10.1109/iccpeic.2016.7557256.
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