Net energy metering scheme based on time of use pricing for residents in Malaysia
The current Malaysia's net energy metering (NEM) scheme has been updated in 2019 that credits excess generation into the next billing month at retail rate compare to at displaced cost. The new NEM may attract more installation of solar photovoltaic (PV) system among residential customers. Howev...
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| Format: | EJournal Article |
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Institute of Advanced Engineering and Science,
2020-09-01.
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| Online Access: | Get fulltext |
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| LEADER | 02088 am a22002893u 4500 | ||
|---|---|---|---|
| 001 | ijeecs21869_14046 | ||
| 042 | |a dc | ||
| 100 | 1 | 0 | |a Razali, Abdul Hafiz Bin |e author |
| 100 | 1 | 0 | |e contributor |
| 245 | 0 | 0 | |a Net energy metering scheme based on time of use pricing for residents in Malaysia |
| 260 | |b Institute of Advanced Engineering and Science, |c 2020-09-01. | ||
| 500 | |a https://ijeecs.iaescore.com/index.php/IJEECS/article/view/21869 | ||
| 520 | |a The current Malaysia's net energy metering (NEM) scheme has been updated in 2019 that credits excess generation into the next billing month at retail rate compare to at displaced cost. The new NEM may attract more installation of solar photovoltaic (PV) system among residential customers. However, it is discovered that customers with low monthly electricity consumptions are still not benefited since their electricity cost is lower than the PV generation cost. Implementing time-of-use (TOU) pricing on NEM scheme may overcome the problem as it based on hourly energy usage. This paper compares the annualized energy cost of residential PV system under different TOU prices and NEM scheme. The results show that an optimized TOU prices as suggested in this paper may give financial benefits to all residential customers with PV system, including the one with low monthly consumption. | ||
| 540 | |a Copyright (c) 2020 Institute of Advanced Engineering and Science | ||
| 540 | |a http://creativecommons.org/licenses/by-nc/4.0 | ||
| 546 | |a eng | ||
| 690 | |||
| 690 | |a Net energy metering; Time of use; Residential | ||
| 655 | 7 | |a info:eu-repo/semantics/article |2 local | |
| 655 | 7 | |a info:eu-repo/semantics/publishedVersion |2 local | |
| 655 | 7 | |2 local | |
| 786 | 0 | |n Indonesian Journal of Electrical Engineering and Computer Science; Vol 19, No 3: September 2020; 1140-1146 | |
| 786 | 0 | |n 2502-4760 | |
| 786 | 0 | |n 2502-4752 | |
| 786 | 0 | |n 10.11591/ijeecs.v19.i3 | |
| 787 | 0 | |n https://ijeecs.iaescore.com/index.php/IJEECS/article/view/21869/14046 | |
| 856 | 4 | 1 | |u https://ijeecs.iaescore.com/index.php/IJEECS/article/view/21869/14046 |z Get fulltext |