IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i5p2681-d509160.html
   My bibliography  Save this article

How an Integration of Home Energy Management and Battery System Affects the Economic Benefits of Residential PV System Owners in Thailand

Author

Listed:
  • Methee Srikranjanapert

    (Faculty of Environment and Natural Resources, University of Freiburg, 79085 Baden-Württemberg, Germany)

  • Siripha Junlakarn

    (Energy Research Institute, Chulalongkorn University, Bangkok 10330, Thailand)

  • Naebboon Hoonchareon

    (Department of Electrical Engineering, Chulalongkorn University, Bangkok 10330, Thailand)

Abstract

Although home energy management systems (HEMS) and batteries are part of the Thailand Smart Grid Master Plan, the financial feasibility and attractiveness of installing residential solar rooftop photovoltaic (PV) systems with integration of the HEMS and battery have never been investigated. This study develops three scenarios comprising of an installation of only solar PV system, solar PV system with the HEMS, and solar PV system with integration of the HEMS and battery under the current net billing solar program for households and analyzes their financial feasibility and attractiveness by using economic measures. In addition, sensitivity analysis is performed to analyze the impacts of critical parameters on the feasibility of these three scenarios. Findings indicate that the installation of a solar rooftop system with the HEMS provides the highest customer economics. Although the implementation of HEMs leads to an increase in energy exports, benefits from bill savings of lower electricity consumption by using the HEM are relatively high compared to the loss from energy exports. Therefore, in the short term, the government should promote the integration of HEMS with a PV system; however, the installation of a PV system with HEMS and battery in the residential sector should be promoted when battery cost decreases.

Suggested Citation

  • Methee Srikranjanapert & Siripha Junlakarn & Naebboon Hoonchareon, 2021. "How an Integration of Home Energy Management and Battery System Affects the Economic Benefits of Residential PV System Owners in Thailand," Sustainability, MDPI, vol. 13(5), pages 1-20, March.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:5:p:2681-:d:509160
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/5/2681/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/5/2681/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Diouf, Boucar & Pode, Ramchandra, 2015. "Potential of lithium-ion batteries in renewable energy," Renewable Energy, Elsevier, vol. 76(C), pages 375-380.
    2. Hoppmann, Joern & Volland, Jonas & Schmidt, Tobias S. & Hoffmann, Volker H., 2014. "The economic viability of battery storage for residential solar photovoltaic systems – A review and a simulation model," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 1101-1118.
    3. Chaianong, Aksornchan & Bangviwat, Athikom & Menke, Christoph & Breitschopf, Barbara & Eichhammer, Wolfgang, 2020. "Customer economics of residential PV–battery systems in Thailand," Renewable Energy, Elsevier, vol. 146(C), pages 297-308.
    4. Sopitsuda Tongsopit & Sunee Moungchareon & Apinya Aksornkij & Tanai Potisat, . "Business Models and Financing Options for a Rapid Scale-up of Rooftop Solar Power Systems in Thailand," Chapters, in: Shigeru Kimura & Youngho Chang & Yanfei Li (ed.), Financing Renewable Energy Development in East Asia Summit Countries A Primer of Effective Policy Instruments, chapter 4, pages 79-136, Economic Research Institute for ASEAN and East Asia (ERIA).
    5. Eid, Cherrelle & Reneses Guillén, Javier & Frías Marín, Pablo & Hakvoort, Rudi, 2014. "The economic effect of electricity net-metering with solar PV: Consequences for network cost recovery, cross subsidies and policy objectives," Energy Policy, Elsevier, vol. 75(C), pages 244-254.
    6. Chaianong, Aksornchan & Pharino, Chanathip, 2015. "Outlook and challenges for promoting solar photovoltaic rooftops in Thailand," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 356-372.
    7. Eric Galvan & Paras Mandal & Shantanu Chakraborty & Tomonobu Senjyu, 2019. "Efficient Energy-Management System Using A Hybrid Transactive-Model Predictive Control Mechanism for Prosumer-Centric Networked Microgrids," Sustainability, MDPI, vol. 11(19), pages 1-24, September.
    8. Tongsopit, Sopitsuda & Junlakarn, Siripha & Wibulpolprasert, Wichsinee & Chaianong, Aksornchan & Kokchang, Phimsupha & Hoang, Nghia Vu, 2019. "The economics of solar PV self-consumption in Thailand," Renewable Energy, Elsevier, vol. 138(C), pages 395-408.
    9. Marc Ringel & Roufaida Laidi & Djamel Djenouri, 2019. "Multiple Benefits through Smart Home Energy Management Solutions—A Simulation-Based Case Study of a Single-Family-House in Algeria and Germany," Energies, MDPI, vol. 12(8), pages 1-21, April.
    10. Saskia Lavrijssen & Arturo Carrillo Parra, 2017. "Radical Prosumer Innovations in the Electricity Sector and the Impact on Prosumer Regulation," Sustainability, MDPI, vol. 9(7), pages 1-21, July.
    11. Hughes, Larry & Bell, Jeff, 2006. "Compensating customer-generators: a taxonomy describing methods of compensating customer-generators for electricity supplied to the grid," Energy Policy, Elsevier, vol. 34(13), pages 1532-1539, September.
    12. Tongsopit, Sopitsuda & Moungchareon, Sunee & Aksornkij, Apinya & Potisat, Tanai, 2016. "Business models and financing options for a rapid scale-up of rooftop solar power systems in Thailand," Energy Policy, Elsevier, vol. 95(C), pages 447-457.
    13. Oliva H, Sebastian, 2018. "Assessing the growth of residential PV exports with energy efficiency and the opportunity for local generation network credits," Renewable Energy, Elsevier, vol. 121(C), pages 451-459.
    14. Watts, David & Valdés, Marcelo F. & Jara, Danilo & Watson, Andrea, 2015. "Potential residential PV development in Chile: The effect of Net Metering and Net Billing schemes for grid-connected PV systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 1037-1051.
    15. Ringel, Marc & Laidi, R & Djenouri, D, 2019. "Multiple Benefits through Smart Home Energy Management Solutions—A Simulation-Based Case Study of a Single-Family-House in Algeria and Germany," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 118851, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    16. Marc Ringel & Roufaida Laidi & Djamel Djenouri, 2019. "Multiple Benefits through Smart Home Energy Management Solutions -- A Simulation-Based Case Study of a Single-Family House in Algeria and Germany," Papers 1904.11496, arXiv.org.
    17. Chaianong, Aksornchan & Tongsopit, Sopitsuda & Bangviwat, Athikom & Menke, Christoph, 2019. "Bill saving analysis of rooftop PV customers and policy implications for Thailand," Renewable Energy, Elsevier, vol. 131(C), pages 422-434.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xuebo Liu & Yingying Wu & Hongyu Wu, 2021. "PV-EV Integrated Home Energy Management Considering Residential Occupant Behaviors," Sustainability, MDPI, vol. 13(24), pages 1-20, December.
    2. Kokou Amega & Yendoubé Laré & Ramchandra Bhandari & Yacouba Moumouni & Aklesso Y. G. Egbendewe & Windmanagda Sawadogo & Saidou Madougou, 2022. "Solar Energy Powered Decentralized Smart-Grid for Sustainable Energy Supply in Low-Income Countries: Analysis Considering Climate Change Influences in Togo," Energies, MDPI, vol. 15(24), pages 1-24, December.
    3. Doğukan Aycı & Ferhat Öğüt & Ulaş Özen & Bora Batuhan İşgör & Sinan Küfeoğlu, 2021. "Energy Optimisation Models for Self-Sufficiency of a Typical Turkish Residential Electricity Customer of the Future," Energies, MDPI, vol. 14(19), pages 1-24, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Suntiti Yoomak & Theerasak Patcharoen & Atthapol Ngaopitakkul, 2019. "Performance and Economic Evaluation of Solar Rooftop Systems in Different Regions of Thailand," Sustainability, MDPI, vol. 11(23), pages 1-20, November.
    2. Junlakarn, Siripha & Kittner, Noah & Tongsopit, Sopitsuda & Saelim, Supawan, 2021. "A cross-country comparison of compensation mechanisms for distributed photovoltaics in the Philippines, Thailand, and Vietnam," Renewable and Sustainable Energy Reviews, Elsevier, vol. 145(C).
    3. Wichsinee Wibulpolprasert & Umnouy Ponsukcharoen & Siripha Junlakarn & Sopitsuda Tongsopit, 2021. "Preliminarily Screening Geographical Hotspots for New Rooftop PV Installation: A Case Study in Thailand," Energies, MDPI, vol. 14(11), pages 1-30, June.
    4. Chaianong, Aksornchan & Bangviwat, Athikom & Menke, Christoph & Breitschopf, Barbara & Eichhammer, Wolfgang, 2020. "Customer economics of residential PV–battery systems in Thailand," Renewable Energy, Elsevier, vol. 146(C), pages 297-308.
    5. Chaianong, Aksornchan & Tongsopit, Sopitsuda & Bangviwat, Athikom & Menke, Christoph, 2019. "Bill saving analysis of rooftop PV customers and policy implications for Thailand," Renewable Energy, Elsevier, vol. 131(C), pages 422-434.
    6. Chawin Prapanukool & Surachai Chaitusaney, 2020. "Designing Solar Power Purchase Agreement of Rooftop PVs with Battery Energy Storage Systems under the Behind-the-Meter Scheme," Energies, MDPI, vol. 13(17), pages 1-18, August.
    7. Moe Soheilian & Géza Fischl & Myriam Aries, 2021. "Smart Lighting Application for Energy Saving and User Well-Being in the Residential Environment," Sustainability, MDPI, vol. 13(11), pages 1-17, May.
    8. Michael Cary, 2020. "Have greenhouse gas emissions from US energy production peaked? State level evidence from six subsectors," Environment Systems and Decisions, Springer, vol. 40(1), pages 125-134, March.
    9. Günther, Claudia & Schill, Wolf-Peter & Zerrahn, Alexander, 2021. "Prosumage of solar electricity: Tariff design, capacity investments, and power sector effects," Energy Policy, Elsevier, vol. 152(C).
    10. Fathia Chekired & Oussama Taabli & Zakaria Mehdi Khellili & Amar Tilmatine & Aníbal T. de Almeida & Laurent Canale, 2022. "Near-Zero-Energy Building Management Based on Arduino Microcontroller—On-Site Lighting Management Application," Energies, MDPI, vol. 15(23), pages 1-20, November.
    11. Federica Cucchiella & Idiano D’Adamo & Massimo Gastaldi & Vincenzo Stornelli, 2018. "Solar Photovoltaic Panels Combined with Energy Storage in a Residential Building: An Economic Analysis," Sustainability, MDPI, vol. 10(9), pages 1-29, August.
    12. Fridgen, Gilbert & Kahlen, Micha & Ketter, Wolfgang & Rieger, Alexander & Thimmel, Markus, 2018. "One rate does not fit all: An empirical analysis of electricity tariffs for residential microgrids," Applied Energy, Elsevier, vol. 210(C), pages 800-814.
    13. Claudia Gunther & Wolf-Peter Schill & Alexander Zerrahn, 2019. "Prosumage of solar electricity: tariff design, capacity investments, and power system effects," Papers 1907.09855, arXiv.org.
    14. Daniel J. Mallinson & Saahir Shafi, 2022. "Smart home technology: Challenges and opportunities for collaborative governance and policy research," Review of Policy Research, Policy Studies Organization, vol. 39(3), pages 330-352, May.
    15. Dufo-López, Rodolfo & Bernal-Agustín, José L., 2015. "A comparative assessment of net metering and net billing policies. Study cases for Spain," Energy, Elsevier, vol. 84(C), pages 684-694.
    16. WeiYu Ji & Edwin H. W. Chan, 2019. "Critical Factors Influencing the Adoption of Smart Home Energy Technology in China: A Guangdong Province Case Study," Energies, MDPI, vol. 12(21), pages 1-24, November.
    17. Marc Ringel, 2021. "Smart City Design Differences: Insights from Decision-Makers in Germany and the Middle East/North-Africa Region," Sustainability, MDPI, vol. 13(4), pages 1-23, February.
    18. Tongsopit, Sopitsuda & Junlakarn, Siripha & Wibulpolprasert, Wichsinee & Chaianong, Aksornchan & Kokchang, Phimsupha & Hoang, Nghia Vu, 2019. "The economics of solar PV self-consumption in Thailand," Renewable Energy, Elsevier, vol. 138(C), pages 395-408.
    19. de Oliveira e Silva, Guilherme & Hendrick, Patrick, 2017. "Photovoltaic self-sufficiency of Belgian households using lithium-ion batteries, and its impact on the grid," Applied Energy, Elsevier, vol. 195(C), pages 786-799.
    20. de Oliveira, Lucas Guedes & Aquila, Giancarlo & Balestrassi, Pedro Paulo & de Paiva, Anderson Paulo & de Queiroz, Anderson Rodrigo & de Oliveira Pamplona, Edson & Camatta, Ulisses Pessin, 2020. "Evaluating economic feasibility and maximization of social welfare of photovoltaic projects developed for the Brazilian northeastern coast: An attribute agreement analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 123(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:13:y:2021:i:5:p:2681-:d:509160. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.