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Levelized Cost of Consumed Electricity

Author

Listed:
  • 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)

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.

Suggested Citation

  • Tunc Durmaz & Aude Pommeret, 2020. "Levelized Cost of Consumed Electricity," Post-Print hal-03969049, HAL.
  • Handle: RePEc:hal:journl:hal-03969049
    DOI: 10.5547/2160-5890.9.1.tdur
    as

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