Cost–Benefit Analysis of Distributed Energy Systems Considering the Monetization of Indirect Benefits

Yutong Zhao, Shuang Zeng, Yifeng Ding, Lin Ma, Zhao Wang, Anqi Liang and Hongbo Ren ()
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Yutong Zhao: State Grid Beijing Electric Power Research Institute, Beijing 100075, China
Shuang Zeng: State Grid Beijing Electric Power Research Institute, Beijing 100075, China
Yifeng Ding: State Grid Beijing Electric Power Research Institute, Beijing 100075, China
Lin Ma: State Grid Beijing Electric Power Research Institute, Beijing 100075, China
Zhao Wang: State Grid Beijing Electric Power Research Institute, Beijing 100075, China
Anqi Liang: State Grid Beijing Electric Power Research Institute, Beijing 100075, China
Hongbo Ren: College of Energy and Mechanical Engineering, Shanghai University of Electric Power, Shanghai 201306, China

Sustainability, 2024, vol. 16, issue 2, 1-13

Abstract: Driven by market value, a co-benefits assessment framework to encompass various benefits arising from distributed energy systems is developed. Using a monetization approach, a quantitative analysis model is established to evaluate both direct and indirect benefits. According to the simulation results of typical distributed energy systems, the distributed photovoltaic (PV) system demonstrates superior economic performance compared with the gas-fired distributed energy system, highlighting its potential for widespread commercialization. Moreover, the inclusion of indirect benefits significantly enhances the economic viability of the distributed energy system. While the PV system exhibits a more favorable promotional impact, it also renders the gas-fired distributed energy system commercially feasible.

Keywords: distributed energy system; co-benefits; index system; monetization approach; cost–benefit evaluation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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