Assessing the speed, extent, and impact of the diffusion of solar PV

Jose Morcillo, Monica Castaneda, Maritza Jímenez, Sebastián Zapata*, Isaac Dyner, Andres J. Aristizabal

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)

Abstract

Electricity markets are changing towards increases in renewable sources. This technology transformation, as any other, brings opportunities and challenges to the industry. In electricity, the technology transformation is a complex process that impacts different stakeholders in many dimensions. This paper assesses the diffusion of rooftop-solar technology in electricity markets in terms of its extent, speed, and effects, considering prices and services. The analysis includes a comparison of technology transformation in the electricity sector and its effects on stakeholders in the United Kingdom, Colombia, and Brazil. The paper concludes, through a model-based framework, that Photovoltaic diffusion converges in penetrating up to 25%–30% of the residential sector regardless of a country's initial market conditions, industrialization level and solar radiation levels. Additionally, electricity prices for those households that do not use PVs will increase by about 20% by 2040. Finally, the cost recovery of utilities may be affected, though in some cases this may be more severe than in others.

Original languageEnglish
Pages (from-to)269-281
Number of pages13
JournalEnergy Reports
Volume8
DOIs
Publication statusPublished - Nov 2022

Bibliographical note

Publisher Copyright:
© 2022 The Author(s)

All Science Journal Classification (ASJC) codes

  • General Energy

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