Evaluating the 2014 retroactive regulatory framework applied to the grid connected PV systems in Spain
Jordi de la Hoz,
Miguel Castilla and
Applied Energy, 2016, vol. 170, issue C, 329-344
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.
Keywords: Renewable energy; Retroactivity; Photovoltaic; Regulations; Spain; Feed in tariff (FIT) (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:170:y:2016:i:c:p:329-344
Ordering information: This journal article can be ordered from
http://www.elsevier. ... 405891/bibliographic
Access Statistics for this article
Applied Energy is currently edited by J. Yan
More articles in Applied Energy from Elsevier
Series data maintained by Dana Niculescu ().