Open AccessMaximizing Savings in Electricity Bills Based on Customer’s Load Profile
Author(s) -
H Atikah*,
C. S. Tan
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.d5172.118419
Subject(s) - photovoltaic system , electricity , electricity retailing , renewable energy , environmental economics , grid parity , stand alone power system , payback period , mains electricity , sizing , installation , electricity generation , load profile , consumption (sociology) , electricity market , business , photovoltaics , engineering , distributed generation , production (economics) , economics , electrical engineering , microeconomics , art , social science , voltage , sociology , visual arts , power (physics) , quantum mechanics , mechanical engineering , physics
With the high demand in electricity consumption nowadays, it is crucial for regulator and utilities to ensure sufficient energy supply to meet electricity demand. Electricity demand is influenced by several factors such as number of customers, customer behavior, working hours, weather condition and holidays. Integrating renewable energy technology as part of electricity generation for self consumption has indirectly provide an option to customer to reduce his electricity consumption from the grid and help to save his electricity bill. One of the simplest solutions to install renewable energy sources is by installing rooftop solar photovoltaic (PV). In this paper, the economic feasibility of installing solar PV is discussed based on commercial customer load profile. This paper also presents the suitable PV sizing based on the payback analysis based on customer load profile. A commercial customer in Petaling Jaya, Selangor is used as a case study for this analysis. This study indicates that customer will be able to reduce their electricity bill consumption with the integration of solar PV system on the rooftop of their building. Customer is able to save their monthly electricity up to 28% if a total solar PV capacity of 1256kW is installed. The payback from this study indicates the payback period is approximately around 9 years