Revised feed-in tariff for solar photovoltaic in the United Kingdom: A cloudy future ahead?
Full text article available in ScienceDirect :http://www.sciencedirect.com/science/article/pii/S0301421512008440
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my.unikl.ir-80732014-10-27T04:48:55Z Revised feed-in tariff for solar photovoltaic in the United Kingdom: A cloudy future ahead? Firdaus Muhammad-Sukki Roberto Ramirez-Iniguez Abu Bakar Munir Siti Hajar Mohd Yasin Scott G. McMeekin Brian G. Stewart Siti Hawa Abu-Bakar (UniKL BMI) Solar photovoltaic Feed-in tariff Financial analysis Full text article available in ScienceDirect :http://www.sciencedirect.com/science/article/pii/S0301421512008440 The United Kingdom (UK) started implementing a national Feed-In Tariff (FiT) mechanism on the 1 April 2010, which included specific payment tariffs for solar photovoltaic (PV) installations. However, a revised FiT rate has been put in place starting from 1 April 2012, applicable to any installations with an eligibility date of on or after 3 March 2012. This paper presents, first, an overview of solar PV installation in the UK. This followed by a general concept of the FiT in the UK before analyzing the financial impact of the new FiT rate on the consumers. Similar financial analysis is conducted with selected countries in Europe. The financial analysis investigates the total profit, the average rate of return and the payback period. It is found that the new FiT rate generates very low profit, minimum rate of return and a longer payback period, suggesting a downward trend of solar PV uptake in the future. 2014-10-27T04:48:55Z 2014-10-27T04:48:55Z 2013-01 DOI: 10.1016/j.enpol.2012.09.062 http://localhost/xmlui/handle/123456789/8073 Energy Policy; Elsevier |
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Solar photovoltaic Feed-in tariff Financial analysis |
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Solar photovoltaic Feed-in tariff Financial analysis Firdaus Muhammad-Sukki Roberto Ramirez-Iniguez Abu Bakar Munir Siti Hajar Mohd Yasin Scott G. McMeekin Brian G. Stewart Siti Hawa Abu-Bakar (UniKL BMI) Revised feed-in tariff for solar photovoltaic in the United Kingdom: A cloudy future ahead? |
| description |
Full text article available in ScienceDirect :http://www.sciencedirect.com/science/article/pii/S0301421512008440 |
| format |
|
| author |
Firdaus Muhammad-Sukki Roberto Ramirez-Iniguez Abu Bakar Munir Siti Hajar Mohd Yasin Scott G. McMeekin Brian G. Stewart Siti Hawa Abu-Bakar (UniKL BMI) |
| author_facet |
Firdaus Muhammad-Sukki Roberto Ramirez-Iniguez Abu Bakar Munir Siti Hajar Mohd Yasin Scott G. McMeekin Brian G. Stewart Siti Hawa Abu-Bakar (UniKL BMI) |
| author_sort |
Firdaus Muhammad-Sukki |
| title |
Revised feed-in tariff for solar photovoltaic in the United Kingdom: A cloudy future ahead? |
| title_short |
Revised feed-in tariff for solar photovoltaic in the United Kingdom: A cloudy future ahead? |
| title_full |
Revised feed-in tariff for solar photovoltaic in the United Kingdom: A cloudy future ahead? |
| title_fullStr |
Revised feed-in tariff for solar photovoltaic in the United Kingdom: A cloudy future ahead? |
| title_full_unstemmed |
Revised feed-in tariff for solar photovoltaic in the United Kingdom: A cloudy future ahead? |
| title_sort |
revised feed-in tariff for solar photovoltaic in the united kingdom: a cloudy future ahead? |
| publisher |
Elsevier |
| publishDate |
2014 |
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http://localhost/xmlui/handle/123456789/8073 |
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1644484996681957376 |
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13.222552 |