Building the Economic Efficiency Assessment Model of the Grid-Tied Rooftop Solar Power with Storage Project

Dat Do Van (), Lam Nguyen Hoang and Banh Thi Hong Lan
Additional contact information
Dat Do Van: Hanoi University of Science and Technology
Lam Nguyen Hoang: Hanoi University of Science and Technology
Banh Thi Hong Lan: Hanoi University of Science and Technology

A chapter in Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in the World of Uncertainties (ICECH 2022), 2023, pp 93-111 from Springer

Abstract: Abstract According to Decision No. 13/2020/QD-TTg dated April 6, 2020 by the Prime Minister on the mechanism to encourage the development of rooftop solar power in Vietnam will expire after December 31, 2020. To harmonize the interests of households and the Electricity of Vietnam (EVN), a grid-connected rooftop solar power system with storage will be a solution worthy of attention. This paper builds a grid-tied solar power model with storage system. The model will ensure to storage of excess electricity from the solar power system and will not use grid electricity for the storage system. From there, evaluate the impact of the rooftop solar power system with the storage system on the household’s load demand in two cases of cost optimization and grid operation optimization. In addition, the paper will evaluate in detail the investment efficiency of this type of rooftop solar power from the perspective of households. The results show that the grid-connected rooftop solar power system with storage system brings many benefits in terms of grid operation such as: no pressure on the power grid, reduced peak demand for households, increased energy efficiency, and increased energy efficiency. Flat load graph, reducing the demand for electricity at peak hours. But in economic terms, the interests of households and those of EVN are opposite.

Keywords: Storage system; grid-tied rooftop solar power; solar power (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-150-0_7

Ordering information: This item can be ordered from
http://www.springer.com/9789464631500

DOI: 10.2991/978-94-6463-150-0_7

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().