Analysis of Grid Integrated PV System as Home RES with Net Metering Scheme

To meet the increased demand of electricity, PV system is being used as home RES (Renewable Energy Source) throughout the world. In this paper, a grid integrated PV system has been proposed with net metering scheme. A home of 149 sq. meter in Dhaka city is considered whose average daily load is 11.27 kWh/day with an annual peak load of 1.21 kW. According to DESCO (Dhaka Electric Supply Company Limited), for the span of last one year (July, 2017-July, 2018) the monthly electricity usage of this home varies from 401-600 units (kWh) with a Cost of Energy (COE) of $0.1. Simulation and analysis of the proposed system shows that the Cost of Energy (COE) and Net present Cost (NPC) of the proposed system can be reduced to a great extent with the application of net metering scheme which also improves the renewable fraction of the system.