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- © Vilnius University, 2002-2017
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- © University of Latvia, 2002-2017
Article
SMART GRIDS FOR RENEWABLE ENERGY: COSTS AND BENEFITS
Qingyou Yan, Youwei Wan, Ignas Mikalauskas, Asta Mikalauskiene
ABSTRACT. The article deals with the smart grid in a financial perspective in terms of non-renewable and renewable energy source switch. The paper presents a short introduction to smart grids following the financial study that consists of three parts. Within the financial study we have the comparison of energy production prices between non-renewable and renewable energy sources, provided with calculations of costs per kWh eq. of each of the primary energy sources and showing the benefits of closing non-renewable and opening renewable energy power plants. At the end conclusions are given in regards with the financial study and the results found.
KEYWORDS: smart grid, renewables, financial study.
JEL classification: Q40, F30, F65, L94.