The authors estimate price-responsiveness of the residential customers with increasing residential PV penetration and project future electricity sales to the residential sector considering various future PV penetration scenarios. This projection is potentially useful for utilities in their resource planning and ratemaking processes as they formally incorporate the expected reduction in residential electricity demand due to increased penetration of distributed generation.
Energy Transition: Making money with renewables
The promise of growth from renewables is unquestionable, but the attractiveness of the sector’s returns is widely debated. In this short article, we look at...