Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/33351
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dc.contributor.authorALAVI, Omid-
dc.contributor.authorDespeghel, Jolien-
dc.contributor.authorDE CEUNINCK, Ward-
dc.contributor.authorMEURIS, Marc-
dc.contributor.authorDriesen, Johan-
dc.contributor.authorDAENEN, Michael-
dc.date.accessioned2021-02-10T11:02:35Z-
dc.date.available2021-02-10T11:02:35Z-
dc.date.issued2020-
dc.date.submitted2021-02-08T14:59:34Z-
dc.identifier.citation2020 IEEE 14th International Conference on Compatibility, Power Electronics and Power Engineering (CPE-POWERENG), IEEE, p. 358 -363-
dc.identifier.isbn978-1-7281-4218-0-
dc.identifier.issn2166-9546-
dc.identifier.urihttp://hdl.handle.net/1942/33351-
dc.description.abstractThis paper examines the economic profitability of batteries in residential photovoltaic (PV) systems. Two scenarios are considered for this analysis, the first one involving current electricity and battery prices, while the second one considers the future expected prices in 2030 as inputs. The study was conducted on 100 load profiles with different consumption behaviors; the panel size will be determined according to the average load demand in three PV/Load ratios. The economic benefits of adding batteries to these load profiles are expressed as a percentage, which can indicate what percentage of prosumers will benefit by inserting a battery into their PV system. The results show that at current prices, adding batteries to the solar panel system will not have any economic benefits for prosumers. It has been found that for the sake of economic profit, it will require a sharp reduction in battery prices in the future, and on the other hand, the feed-in tariff regulations should also be changed being closer to zero.-
dc.description.sponsorshipThe work is (partially) supported by the energy transition funds project “BREGILAB’’ organized by the FPS economy, S.M.E.s, Self-employed and Energy (Met de steun van het Energietransitiefonds).-
dc.language.isoen-
dc.publisherIEEE-
dc.relation.ispartofseriesCompatibility Power Electronics and Power Engineering-
dc.rights2020 IEEE-
dc.subject.otherbattery lifetime-
dc.subject.othercurtailment-
dc.subject.otherDC-coupled-
dc.subject.otherphotovoltaic systems-
dc.subject.otherself-consumption-
dc.titleEconomic Study of Battery Profitability in Residential Solar Panel Systems: A Case Study of Belgium-
dc.typeProceedings Paper-
local.bibliographicCitation.conferencedate2020, July 8-10-
local.bibliographicCitation.conferencename2020 IEEE 14th International Conference on Compatibility, Power Electronics and Power Engineering (CPE-POWERENG)-
local.bibliographicCitation.conferenceplaceSetubal, Portugal-
dc.identifier.epage363-
dc.identifier.spage358-
dc.identifier.volume1-
local.bibliographicCitation.jcatC1-
local.publisher.place345 E 47TH ST, NEW YORK, NY 10017 USA-
local.type.refereedRefereed-
local.type.specifiedProceedings Paper-
dc.identifier.doi10.1109/CPE-POWERENG48600.2020.9161506-
dc.identifier.isi000621596000056-
local.provider.typePdf-
local.bibliographicCitation.btitle2020 IEEE 14TH INTERNATIONAL CONFERENCE ON COMPATIBILITY, POWER ELECTRONICS AND POWER ENGINEERING (CPE-POWERENG)-
local.uhasselt.uhpubyes-
local.uhasselt.uhpubyes-
local.dataset.urlhttps://ieeexplore.ieee.org/abstract/document/9161506-
local.uhasselt.internationalno-
item.validationecoom 2022-
item.contributorALAVI, Omid-
item.contributorDespeghel, Jolien-
item.contributorDE CEUNINCK, Ward-
item.contributorMEURIS, Marc-
item.contributorDriesen, Johan-
item.contributorDAENEN, Michael-
item.fullcitationALAVI, Omid; Despeghel, Jolien; DE CEUNINCK, Ward; MEURIS, Marc; Driesen, Johan & DAENEN, Michael (2020) Economic Study of Battery Profitability in Residential Solar Panel Systems: A Case Study of Belgium. In: 2020 IEEE 14th International Conference on Compatibility, Power Electronics and Power Engineering (CPE-POWERENG), IEEE, p. 358 -363.-
item.fulltextWith Fulltext-
item.accessRightsRestricted Access-
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