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Evaluating the Techno-Economic Effect of Pricing and Consumption Parameters on the Power-to-Energy Ratio for Sizing Photovoltaic-Battery Systems: An Assessment of Prosumers in the Mediterranean Area

Author

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  • Nikolas G. Chatzigeorgiou

    (PV Technology Laboratory, Department of Electrical and Computer Engineering, University of Cyprus, 2109 Nicosia, Cyprus)

  • Spyros Theocharides

    (PV Technology Laboratory, Department of Electrical and Computer Engineering, University of Cyprus, 2109 Nicosia, Cyprus)

  • George Makrides

    (PV Technology Laboratory, Department of Electrical and Computer Engineering, University of Cyprus, 2109 Nicosia, Cyprus)

  • George E. Georghiou

    (PV Technology Laboratory, Department of Electrical and Computer Engineering, University of Cyprus, 2109 Nicosia, Cyprus)

Abstract

The momentous deployment of photovoltaic (PV) installations in modern times converted schemes utilised to support behind-the-meter systems to compensation mechanisms promoting self-consumption for all prosumer types. Moreover, their incorporation with battery storage systems (BSS) is expected to remove technical counter effects and assist in more self-sufficient prosumer sites. As electricity prices are continuously rising, negatively impacting consumers, we intend for this study to serve as a guideline for residential PV-BSS sizing. Additionally, its objective is to provide an operational and economic evaluation of PV-BSS by considering relevant schemes and concentrating on the most effective parameters. This study contributes to the literature with a holistic methodology for sizing and techno-economically evaluating residential systems in the Mediterranean area that is replicable for any state or consumption class. Simulations addressing PV-BSS performance were exploited with the use of real (high-resolution) data, estimating particular sizing, operational, and techno-economic indicators during the entire system lifetime within the framework of a techno-economic analysis. The simulations calculated the initial expenditure, the yearly revenues from the PV-BSS operation, and the corresponding expenses, contrasting them on a year-to-year basis. The results demonstrate that for the five countries addressed as case studies, PV-BSS sizing is significantly impacted by the supporting scheme regarding maximum financial gains. A likeness amid the ideal power-to-energy ratio (PER) indicator of every addressed state for the examined parameters (electricity price and consumption class) was demonstrated for the full self-consumption scheme, whereas for net billing, intercountry discrepancies and generally higher optimal PER values were observed. Finally, an increase in electricity prices or consumption generally decreases optimal PER; therefore, a recommendation is provided for the avoidance of inessential expenditures in surplus system component sizes.

Suggested Citation

  • Nikolas G. Chatzigeorgiou & Spyros Theocharides & George Makrides & George E. Georghiou, 2023. "Evaluating the Techno-Economic Effect of Pricing and Consumption Parameters on the Power-to-Energy Ratio for Sizing Photovoltaic-Battery Systems: An Assessment of Prosumers in the Mediterranean Area," Energies, MDPI, vol. 16(10), pages 1-27, May.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:10:p:4073-:d:1146298
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    References listed on IDEAS

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