Cost–benefit analysis of photovoltaic-storage investment in integrated energy
DOI: 10.1016/j.egyr.2022.02.158 Corpus ID: 247120765 Cost–benefit analysis of photovoltaic-storage investment in integrated energy systems @article{Guo2022CostbenefitAO, title={Cost–benefit analysis of photovoltaic-storage investment in integrated energy
Cost Benefit Analysis
Cost benefit analysis is a systematic process for calculating and comparing benefits and costs of a project. A cost benefit analysis finds, quantifies, and adds all the positive factors (the benefits). Then it identifies, quantifies, and subtracts all the negatives (the costs). The difference between the two indicates whether the planned
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The state of charge of energy storage must be continuous. (19) S t + 1 = S t + P c, t φ Δ t E 1 − P d i s, t Δ t φ E 1 Where, S t is the remaining energy storage at time t, S t + 1 is the remaining energy storage at time t + 1, Δ t is the charge and discharge time,
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Cost–benefit analysis of photovoltaic-storage investment in integrated energy
2.2. Optimal planning model The optimal planning model is formulated in (1) to minimize the total annualized net present cost (NPC) of the project, in which the investment cost and total annual operation cost are involved [8].(1) min C Total = j (1 + j) N (1 + j) N − 1 ∑ y = 0 N C y inv (1 + j) y + C ope where j is the discounted rate and N
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