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Grid-Connected Photovoltaic System Parity with PJM Generation

P.M. Jansson, J.L. Schmalzel, C. Barreiro
Rowan University, US

Keywords: photovoltaic systems, PJM, cost parity


This research provides compelling economic and technical analysis of photovoltaic (PV) system performance in New Jersey and contrasts the generation availability marginal pricing on the world’s largest regional transmission organization (PJM). This analysis indicates that PV generation concurrence with high PJM system locational marginal prices (LMP) reveals values approaching the commensurate life cycle costs of PV without local subsidies. The study provides analysis from three years 2008, 2009 and 2010 showing LMP market values for PV generation located at the South Jersey Technology Park ranging from 15-20 cents per kWh. It is LMP pricing that determines the value of all generation operating at that given hour on PJM. This data indicates that life cycle cost PV generation is of similar magnitudes during the summer periods and with recent reductions in module pricing and commensurate installed PV system cost, these values will reach parity on an annual basis in the near term.
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