Levelized Cost of Consumed Electricity

Tunc Durmaz and Aude Pommeret
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Tunc Durmaz: YTU - Yildiz Technical University
Aude Pommeret: IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc

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Abstract: Current calculations to evaluate the profitability of the various energy generating units ignore intermittency as well as complementary technologies, such as battery storage and smart meters. Therefore, we propose a new assessment of the cost of solar energy that takes into account smart grids. In doing this, we use data from a low energy dwelling in South Wales UK as well as data from a high-rise apartment in Hong Kong, calibrate our model in this regard, and calculate a levelized cost of consumed electricity (LCOCE). Our proposed cost measure can be of use when determining the feasibility of smart systems, and accordingly, assist policymakers when deciding on the financial support for home renewable energy systems.

Keywords: LCOE; LCOCE; Distributed generation; Solar energy; Energy storage (search for similar items in EconPapers)
Date: 2020
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Published in Economics of Energy & Environmental Policy, 2020, 9 (1), pp.243-262. ⟨10.5547/2160-5890.9.1.tdur⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03969049

DOI: 10.5547/2160-5890.9.1.tdur

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