Article ; Online: Macro Economics of Virtual Power Plant for Rural Areas of Botswana
International Journal of Energy Economics and Policy, Vol 10, Iss
2020 Volume 5
Abstract: The growth of renewable energy technologies as an alternative source of power is a great boon to the rural masses where energy is predominantly a challenge. This paper focuses on studying the microeconomic benefits of the virtual power plant as a ... ...
| Abstract | The growth of renewable energy technologies as an alternative source of power is a great boon to the rural masses where energy is predominantly a challenge. This paper focuses on studying the microeconomic benefits of the virtual power plant as a solution to the rural masses who either have no access to energy or has limited access. The model here uses HOMER as a tool for modelling the design. The simulation results discuss the profitability of the virtual power plant as a solution not only to the virtual power plant operator but also to the rural households while ensuring a sustainable income source with the use of solar power PV as a generator. Keywords: Virtual Power Plant; Levilised cost; Annualised Cost; JEL Classifications: D0, E0, Q4 DOI: https://doi.org/10.32479/ijeep.9602 |
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| Keywords | Environmental sciences ; GE1-350 ; Energy industries. Energy policy. Fuel trade ; HD9502-9502.5 |
| Language | English |
| Publishing date | 2020-08-01T00:00:00Z |
| Publisher | EconJournals |
| Document type | Article ; Online |
| Database | BASE - Bielefeld Academic Search Engine (life sciences selection) |
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