Business Studies
Volume: 128 , Issue: 1 , July Published Date: 12 July 2023
Publisher Name: IJRP
Views: 444 , Download: 515 , Pages: 382 - 401
DOI: 10.47119/IJRP1001281720235188
Publisher Name: IJRP
Views: 444 , Download: 515 , Pages: 382 - 401
DOI: 10.47119/IJRP1001281720235188
Authors
# | Author Name |
---|---|
1 | Leizel P. Jandusay |
Abstract
Net metering constitutes noteworthy financial motivating forces for clients who utilize distributed energy assets to look for their own power source since it plays an important part in reducing their power bills by starting to use renewable energy. The objective of studying the factors affecting consumers interest in net-metered solar photovoltaic (PV) technology in Batangas Province was to identify the relationships between consumers interest in net-metered solar photovoltaic technology and the independent variables of the study, specifically investment, technological capability, tariff structure, regulatory concern, and consumers demand. Issues to address include increasing settled monthly costs for residential customers and bringing down the charge per kWh would permit costs to be recuperated in any case, no matter how much control is charged. This technique would lead to higher monthly bills for lower-income customers and those utilizing less power. Respondents were three hundred eight (308) utility customers in the province of Batangas served by BATELEC I and BATELEC II. Data were collected using survey questionnaires gathered through a purposive sampling method. The study determined if investment, technological capability, tariff structure, regulatory concerns, and consumer demand can affect the consumers interest in net-metered solar PV technology. Results show significant positive relationships between consumer interest and factors such as investment, technological capability, and tariff structure, while negative relationships exist between consumer interest, regulations, and consumer demands. The research proposes that utility companies have community solar programs. The objective is to promote net-metered solar energy consumption by organizing workshops and training through partnerships, promoting the patronage of solar photovoltaic energy.