Design of Net Energy Metering System for a Hybrid Energy Storage System

The expectation for everyday comforts and success of a country fluctuate legitimately with the expansion in the utilization of intensity. The power necessity of the world is expanding at a disturbing rate because of mechanical development, expanded and broad utilization of electrical device. As per world vitality report, around 80% of our vitality is received from regular non-renewable energy sources like oil, gaseous petrol and coal . It is evident from the current scenario that world will have to face the shortage of resources within no time. Hence, it is a call for an alternative vitality source search and there are many such attempts in recent times. The best elective source is sun powered vitality. This targets in structuring a hybrid Energy Storage System with Net Metering billing methodology to make the client profit from Variable Rate Electricity. Net energy metering system is an uncommon charging game plan that furnishes acknowledge to clients for sun powered PV frameworks for the full retail estimation of the power their framework creates. Under NEM, client's electric meter monitors how much power is devoured by the client and how much abundance power is produced by the framework and sent go into the electric utility lattice.