Abstract
The growth of renewable energy technologies as an alternative source of power is a great boon to the rural masses where energy is predominantly a challenge. This paper focuses on studying the microeconomic benefits of the virtual power plant as a solution to the rural masses who either have no access to energy or has limited access. The model here uses HOMER as a tool for modelling the design. The simulation results discuss the profitability of the virtual power plant as a solution not only to the virtual power plant operator but also to the rural households while ensuring a sustainable income source with the use of solar power PV as a generator.Keywords: Virtual Power Plant; Levilised cost; Annualised Cost;JEL Classifications: D0, E0, Q4DOI: https://doi.org/10.32479/ijeep.9602
Highlights
The increasing share of renewable energy has redefined the power sector to a large extent
The paper highlights the operational aspects of the virtual power plant and a comprehensive summary of how the RE potential can benefit the rural areas of Botswana
The Simulation of the model is focussed with the aim of finding the best cost and optimum utilisation of the resources available to the residents in the rural areas of Botswana
Summary
The increasing share of renewable energy has redefined the power sector to a large extent. “In the VPP model, the aggregator assembles an arrangement of small generators and works them as a unit together and flexible resource on the energy market or sells their power as a system reserve.” (Davis, 2010; Venkatachary et al, 2017b) to cloud infrastructure in cloud computing. This rising energy cloud enables consumers to effectively take an interest in the generation and distribution of.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
