Cost-Benefit Analysis of Renewable Installation in Inter-Intelligent Renewable Energy Network.

SUMMARY In this paper, we target the specific smart grid concept called 'inter-intelligent renewable energy network (i-Rene),' which is characteristically associated with photovoltaic (PV) panels, microstorage, and regional electricity markets. In this smart grid, every house has an artificial intelligence agent that learns the optimal treading strategy to minimize payments by residents. From the economic standpoint, we perform a cost-benefit analysis (CBA) of the optimal installation of PV panels and microstorage in this smart grid. To perform the CBA, we use actual measured values of power demand profiles and power production profiles, which were obtained in 2010 at Shiga, Japan. In accordance with this analysis, we also discuss the necessary conditions for achieving grid parity of the i-Rene smart grid . [ABSTRACT FROM AUTHOR]