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Economic Analysis of Reducing End-User Peak Demand with Renewable Energy

Salter, Emily (2017) Economic Analysis of Reducing End-User Peak Demand with Renewable Energy. Honours thesis, Murdoch University.

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Embargoed until 20 September 2018.

Abstract

Large electricity end users are currently not economically inspired to invest in renewable energy due to low energy charges and high peak demand charges. To investigate if peak demand reduction could contribute to economic benefits, an excel model was developed to determine the economic benefit of reducing end user peak demand with renewable energy. Moving loads to low demand periods and improving load efficiency is the most successful method to reduce peak demand. It was identified that load reduction by solar penetration is well suited to Western Australian end users, however solar generation is vulnerable to losses of up to 80%. Energy storage systems were simulated to provide contingency in the event of solar generation loss. For the case study investigated, capital investment was estimated to take between 10 and 11 years to be returned in the form of large scale generation certificates, consumption savings and demand savings.

Publication Type: Thesis (Honours)
Murdoch Affiliation: School of Engineering and Information Technology
Supervisor: Lee, Gareth and Calais, Martina
URI: http://researchrepository.murdoch.edu.au/id/eprint/40011
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