Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in The World of Uncertainties (ICECH 2022)

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Building the Economic Efficiency Assessment Model of the Grid-Tied Rooftop Solar Power with Storage Project

Authors
Dat Do Van1, *, Lam Nguyen Hoang1, Banh Thi Hong Lan1
1Hanoi University of Science and Technology, Hanoi, 10000, Vietnam
*Corresponding author. Email: dovandat2107@gmail.com
Corresponding Author
Dat Do Van
Available Online 23 May 2023.
DOI
10.2991/978-94-6463-150-0_7How to use a DOI?
Keywords
Storage system; grid-tied rooftop solar power; solar power
Abstract

According to Decision No. 13/2020/QD-TTg dated April 6, 2020 by the Prime Minister on the mechanism to encourage the development of rooftop solar power in Vietnam will expire after December 31, 2020. To harmonize the interests of households and the Electricity of Vietnam (EVN), a grid-connected rooftop solar power system with storage will be a solution worthy of attention. This paper builds a grid-tied solar power model with storage system. The model will ensure to storage of excess electricity from the solar power system and will not use grid electricity for the storage system. From there, evaluate the impact of the rooftop solar power system with the storage system on the household’s load demand in two cases of cost optimization and grid operation optimization. In addition, the paper will evaluate in detail the investment efficiency of this type of rooftop solar power from the perspective of households. The results show that the grid-connected rooftop solar power system with storage system brings many benefits in terms of grid operation such as: no pressure on the power grid, reduced peak demand for households, increased energy efficiency, and increased energy efficiency. Flat load graph, reducing the demand for electricity at peak hours. But in economic terms, the interests of households and those of EVN are opposite.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in The World of Uncertainties (ICECH 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
23 May 2023
ISBN
978-94-6463-150-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-150-0_7How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Dat Do Van
AU  - Lam Nguyen Hoang
AU  - Banh Thi Hong Lan
PY  - 2023
DA  - 2023/05/23
TI  - Building the Economic Efficiency Assessment Model of the Grid-Tied Rooftop Solar Power with Storage Project
BT  - Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in The World of Uncertainties (ICECH 2022)
PB  - Atlantis Press
SP  - 93
EP  - 111
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-150-0_7
DO  - 10.2991/978-94-6463-150-0_7
ID  - DoVan2023
ER  -