PV generation and demand mismatch: Evaluating the potential of residential storage

Abstract

Favourable conditions in recent years have led to significant uptake of residential rooftop solar photovoltaic generation in many parts of the world. However, the cost-effectiveness of such systems is reducing due to declining subsidies, falling feed-in tariffs, and the typical timing mismatch between solar generation and local demand. In this paper, we investigate how this mismatch can be addressed by installing a customer-end storage system that provides an opportunity to maximally exploit the value of existing solar generation. The value of such storage depends on the extent of the coincidence of demand and generation, the size of the storage system, the pricing structure for both energy ..