EU PVSEC Programme Online
EU PVSEC 2021, 6 - 10 September 2021
Presentation: 7DV.1.7 Development of Conceptual Framework for Time of Generation Feed-in-Tariff for a Rooftop Photovoltaic System
Type: Visual
Date: Thursday, 9th September 2021
08:30 - 10:00
Author(s): R.R. Urs, M. Marzband, A. Al-Sumaiti, A.M. Abusorrah
Presenter / Speaker: R.R. Urs, Northumbria University, Newcastle upon Tyne, United Kingdom
Event: Conference Conference
Session: 7DV.1 Economics, Markets and Education
Topic: 7. 1 Costs, Economics, Finance and Markets
Keywords: Photovoltaic Systems, Economic Analysis, Funding and Incentives, Rooftop PV Systems, Feed-in Tariff
Summary / Abstract: In the deployment of photovoltaic systems in the residential and commercial sectors, rooftop solar scheme such as feed-in-tariffs (FIT) have had a significant impact. Although this impact benefits the prosumer, the regulation of feed-in-tariffs based on time of generation (ToG) is an important factor for further growth of its integration. The methodology framework for setting feed-in-tariffs based on time of generation is proposed and evaluated in this paper. In contrast with the conventional feed-in-tariffs and the proposed feed-in-tariffs for a simulation model, the return on investment is observed to be more due to maximized total savings upon integration of grid connected photovoltaic (PV) system. Upon investigation of the proposed framework in this paper, it was found that the total savings would be 6.87% more than the current policy adopted worldwide.