Seminar on November 4, 2022

Electricity Pricing of Resident Solar Plus Storage Customers: Environmental and Economic Impacts

Sinan Yörükoğlu, University of North Carolina at Chapel Hill

Abstract

Residential electricity customers are increasingly pairing battery storage with distributed solar panels under net metering. The caveat is that these solar plus storage customers can be subject to different retail electricity pricing rules depending on their locations. We study the impact of common retail electricity pricing rules on customer benefit, utility profits as well as the environment. To do so, we first establish the solar plus storage customer's optimal policy under different pricing rules, and analyze the utility profits subject to that policy. We find that solar plus storage customers and the utility can be better off under the same or different pricing rules depending on the batttery adoption level and some market condition. Using rich real-life data, we calibrate our model and verify our findings.
This is a joint work with Assoc. Prof. Nur Sunar and Prof. Jayashankar Swaminathan.
Short Bio

Sinan Yörükoğlu is currently a PhD student in the Statistics and Operations Research (STOR) department at University of North Carolina at Chapel Hill. He received his B.S. and M.S. degrees in Industrial Engineering (IE) from Middle East Technical University (METU) in 2021 and 2015, respectively. He also worked as a consultant between 2012 and 2019 in MRC Turkey (formerly AF-Mercados) and STM in Ankara. His current PhD research focuses on sustainable operations.

Venue

Friday, November 4, 2022, 4.00 pm - Zoom Meeting