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Solar PV and battery energy storage (BES) costs for domestic consumers are constantly diminishing. On top of this, the end of the Feed-in-Tariff programme has significantly increased interest in combined PV + BES systems. In this paper, we explore the economics of domestic PV + BES systems, extending the current literature on the topic via the use of a large smart meter dataset and a demographic comparison. Predictably, time-varying tariffs and higher electricity prices generally strengthen the economic arguments for PV + BES systems, however our consumption data yields a wide range of Net Present Values for different consumers. In terms of demographics, we find that batteries are more favourable for more affluent households due to their larger consumption levels, though profitability becomes more uniform if the batteries are tailored to individual households. This is an important point for policy, since it indicates that if PV + BES systems become widely profitable this is unlikely to help the financial situation of lower-income households. [ABSTRACT FROM AUTHOR]

The Smart Energy Research Lab (SERL) Observatory dataset described here comprises half-hourly and daily electricity and gas data, SERL survey data, Energy Performance Certificate (EPC) input data and 24 local hourly climate reanalysis variables from the European Centre for Medium-Range Weather Forecasts (ECMWF) for over 13,000 households in Great Britain (GB). Participants were recruited in September 2019, September 2020 and January 2021 and their smart meter data are collected from up to one year prior to sign up. Data collection will continue until at least August 2022, and longer if funding allows. Survey data relating to the dwelling, appliances, household demographics and attitudes were collected at sign up. Data are linked at the household level and UK-based academic researchers can apply for access within a secure virtual environment for research projects in the public interest. This is a data descriptor paper describing how the data were collected, the variables available and the representativeness of the sample compared to national estimates. It is intended to be a guide for researchers working with or considering using the SERL Observatory dataset, or simply looking to learn more about it. [ABSTRACT FROM AUTHOR]