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Evaluating the 2014 retroactive regulatory framework applied to the grid connected PV systems in Spain

descriptionPublicationkeyboard_double_arrow_right Article , Journal 01 May 2016 Spain Publisher:Elsevier BVJournal:Applied Energy, volume 170, pages 329-344 (issn: 0306-2619,

Authors: Hoz Casas, Jordi de la; Martín Cañadas, María Elena; Miret Tomàs, Jaume; Castilla Fernández, Miguel; Guzmán Solà, Ramon;

doi: 10.1016/j.apenergy.2016.02.092

handle: 2117/90837

Evaluating the 2014 retroactive regulatory framework applied to the grid connected PV systems in Spain

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Abstract

© 2016 Elsevier Ltd. The RD 413/2014 new economic and regulatory framework for producers of electricity from renewable energy sources in Spain has been here analysed, putting the focus on its impact on the economic results of the existing grid connected PV systems. A complete formulation of the new remuneration scheme is first presented, making evident its high complexity and the great number of regulatory parameters involved. Then, in order to facilitate the discernment of its operating mechanism a simplified model is proposed. This approach has proven to be a useful tool to identify the most influential regulatory parameters and also which could be the plausible future regulatory actions in order to contain the cost to the Spanish Electricity System. Finally, the NPV and the IRR among other indicators are calculated for a representative case study facility, evidencing a substantial profitability reduction in the transition from the former economic and regulatory framework to the RD 413/2014 new remuneration scheme. Peer Reviewed

Country

Spain

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Keywords

Renewable energy, :Energies [Àrees temàtiques de la UPC], Photovoltaic power generation, Feed in tariff (FIT), Spain, Àrees temàtiques de la UPC::Energies, Photovoltaic, Regulations, Retroactivity, Energia solar fotovoltaica

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	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	28
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%