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An economic impact analysis of residential progressive electricity tariffs in implementing the building-integrated photovoltaic blind using an advanced finite element model

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  • Oh, Jeongyoon
  • Koo, Choongwan
  • Hong, Taehoon
  • Jeong, Kwangbok
  • Lee, Minhyun

Abstract

The residential progressive electricity tariffs (RPETs) in South Korea were recently changed, which can significantly affect the economic viability of the solar photovoltaic system. In this regard, this study aimed to investigate the economic impact of RPETs in implementing the building-integrated photovoltaic blind (BIPB) using an advanced finite element model. First, the nine-node-based finite element model with improved prediction accuracy for estimating the technical performance of the BIPB (FEM9-node BIPB) was developed. Second, the life cycle cost approach was used to evaluate the effect of RPETs on the economic viability of the BIPB in terms of the energy demand and supply. The main findings of this study can be summarized as follows. First, the prediction accuracy of the developed FEM9-node BIPB was proved to be superior to the existing model, in which the estimation results can be found within a short time in an easy way. Second, considering the RPETs, it showed a tendency that the higher the amount of electricity consumption in a household was, the more improved the economic viability of the BIPB became. However, it should be also analyzed which tariff zones in the RPETs can be covered by the amount of electricity generated from the BIPB, because it can significantly affect the economic viability of the BIPB. Third, after the revision of the RPETs, the economic viability of the BIPB under the grid-connected utilization plan was determined to be superior. This study can be used for end-user to maximize the economic viability in implementing the BIPB.

Suggested Citation

  • Oh, Jeongyoon & Koo, Choongwan & Hong, Taehoon & Jeong, Kwangbok & Lee, Minhyun, 2017. "An economic impact analysis of residential progressive electricity tariffs in implementing the building-integrated photovoltaic blind using an advanced finite element model," Applied Energy, Elsevier, vol. 202(C), pages 259-274.
    • Handle: RePEc:eee:appene:v:202:y:2017:i:c:p:259-274
    DOI: 10.1016/j.apenergy.2017.05.158
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    2. Federica Cucchiella & Idiano D’Adamo & Massimo Gastaldi, 2017. "The Economic Feasibility of Residential Energy Storage Combined with PV Panels: The Role of Subsidies in Italy," Energies, MDPI, vol. 10(9), pages 1-18, September.
    3. An, Jongbaek & Hong, Taehoon & Lee, Minhyun, 2022. "Determining the optimal trading price of electricity for energy consumers and prosumers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).
    4. Jeongyoon Oh & Taehoon Hong & Hakpyeong Kim & Jongbaek An & Kwangbok Jeong & Choongwan Koo, 2017. "Advanced Strategies for Net-Zero Energy Building: Focused on the Early Phase and Usage Phase of a Building’s Life Cycle," Sustainability, MDPI, vol. 9(12), pages 1-52, December.
    5. Hoz, Jordi de la & Martín, Helena & Montalà, Montserrat & Matas, José & Guzman, Ramon, 2018. "Assessing the 2014 retroactive regulatory framework applied to the concentrating solar power systems in Spain," Applied Energy, Elsevier, vol. 212(C), pages 1377-1399.
    6. Oh, Jeongyoon & Koo, Choongwan & Hong, Taehoon & Cha, Seung Hyun, 2018. "An integrated model for estimating the techno-economic performance of the distributed solar generation system on building façades: Focused on energy demand and supply," Applied Energy, Elsevier, vol. 228(C), pages 1071-1090.
    7. Rômulo de Oliveira Azevêdo & Paulo Rotela Junior & Luiz Célio Souza Rocha & Gianfranco Chicco & Giancarlo Aquila & Rogério Santana Peruchi, 2020. "Identification and Analysis of Impact Factors on the Economic Feasibility of Photovoltaic Energy Investments," Sustainability, MDPI, vol. 12(17), pages 1-40, September.
    8. Antonio Barragán-Escandón & Esteban Zalamea-León & Julio Terrados-Cepeda, 2019. "Incidence of Photovoltaics in Cities Based on Indicators of Occupancy and Urban Sustainability," Energies, MDPI, vol. 12(5), pages 1-26, February.
    9. Paolo Corti & Pierluigi Bonomo & Francesco Frontini, 2023. "Paper Review of External Integrated Systems as Photovoltaic Shading Devices," Energies, MDPI, vol. 16(14), pages 1-21, July.
    10. Luo, Yongqiang & Zhang, Ling & Liu, Zhongbing & Su, Xiaosong & Lian, Jinbu & Luo, Yongwei, 2018. "Coupled thermal-electrical-optical analysis of a photovoltaic-blind integrated glazing façade," Applied Energy, Elsevier, vol. 228(C), pages 1870-1886.

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