Photovoltaic self-consumption is now profitable in Spain: Effects of the new regulation on prosumers’ internal rate of return
Author
Abstract
Suggested Citation
DOI: 10.1016/j.enpol.2020.111793
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Mir-Artigues, Pere & Cerdá, Emilio & del Río, Pablo, 2018. "Analysing the economic impact of the new renewable electricity support scheme on solar PV plants in Spain," Energy Policy, Elsevier, vol. 114(C), pages 323-331.
- Labandeira, Xavier & Labeaga, José M. & López-Otero, Xiral, 2017.
"A meta-analysis on the price elasticity of energy demand,"
Energy Policy, Elsevier, vol. 102(C), pages 549-568.
- Xavier Labandeira & José M.aría Labeaga & Xiral López-Otero, 2015. "A meta-analysis on the price elasticity of energy demand," Working Papers 04-2015, Economics for Energy.
- Cyril Martin de Lagarde & Frédéric Lantz, 2018. "How renewable production depresses electricity prices: Evidence from the German market," Post-Print hal-01985024, HAL.
- Vaona, Andrea, 2016. "The effect of renewable energy generation on import demand," Renewable Energy, Elsevier, vol. 86(C), pages 354-359.
- Li, Pei-Hao & Pye, Steve, 2018. "Assessing the benefits of demand-side flexibility in residential and transport sectors from an integrated energy systems perspective," Applied Energy, Elsevier, vol. 228(C), pages 965-979.
- Hirth, Lion & Ueckerdt, Falko & Edenhofer, Ottmar, 2015. "Integration costs revisited – An economic framework for wind and solar variability," Renewable Energy, Elsevier, vol. 74(C), pages 925-939.
- Gelabert, Liliana & Labandeira, Xavier & Linares, Pedro, 2011. "An ex-post analysis of the effect of renewables and cogeneration on Spanish electricity prices," Energy Economics, Elsevier, vol. 33(S1), pages 59-65.
- De Boeck, L. & Van Asch, S. & De Bruecker, P. & Audenaert, A., 2016. "Comparison of support policies for residential photovoltaic systems in the major EU markets through investment profitability," Renewable Energy, Elsevier, vol. 87(P1), pages 42-53.
- Lang, Tillmann & Ammann, David & Girod, Bastien, 2016. "Profitability in absence of subsidies: A techno-economic analysis of rooftop photovoltaic self-consumption in residential and commercial buildings," Renewable Energy, Elsevier, vol. 87(P1), pages 77-87.
- Ueckerdt, Falko & Hirth, Lion & Luderer, Gunnar & Edenhofer, Ottmar, 2013. "System LCOE: What are the costs of variable renewables?," Energy, Elsevier, vol. 63(C), pages 61-75.
- Colmenar-Santos, Antonio & Campíñez-Romero, Severo & Pérez-Molina, Clara & Castro-Gil, Manuel, 2012. "Profitability analysis of grid-connected photovoltaic facilities for household electricity self-sufficiency," Energy Policy, Elsevier, vol. 51(C), pages 749-764.
- Trujillo-Baute, Elisa & del Río, Pablo & Mir-Artigues, Pere, 2018.
"Analysing the impact of renewable energy regulation on retail electricity prices,"
Energy Policy, Elsevier, vol. 114(C), pages 153-164.
- Pablo del Rio & Pere Mir-Artigues & Elisa Trujillo-Baute, 2016. "Analysing the impact of renewable energy regulation on retail electricity prices," Working Papers 2016/19, Institut d'Economia de Barcelona (IEB).
- Eid, Cherrelle & Reneses Guillén, Javier & Frías Marín, Pablo & Hakvoort, Rudi, 2014. "The economic effect of electricity net-metering with solar PV: Consequences for network cost recovery, cross subsidies and policy objectives," Energy Policy, Elsevier, vol. 75(C), pages 244-254.
- Talavera, D.L. & Muñoz-Cerón, E. & Ferrer-Rodríguez, J.P. & Nofuentes, G., 2016. "Evolution of the cost and economic profitability of grid-connected PV investments in Spain: Long-term review according to the different regulatory frameworks approved," Renewable and Sustainable Energy Reviews, Elsevier, vol. 66(C), pages 233-247.
- Martin de Lagarde, Cyril & Lantz, Frédéric, 2018. "How renewable production depresses electricity prices: Evidence from the German market," Energy Policy, Elsevier, vol. 117(C), pages 263-277.
- Clò, Stefano & Cataldi, Alessandra & Zoppoli, Pietro, 2015.
"The merit-order effect in the Italian power market: The impact of solar and wind generation on national wholesale electricity prices,"
Energy Policy, Elsevier, vol. 77(C), pages 79-88.
- Alessandra Cataldi & Stefano Clò & Pietro Zoppoli, 2014. "The merit-order effect in the Italian Power Market: the impact of solar and wind generation on national wholesale electricity prices," Working Papers 9, Department of the Treasury, Ministry of the Economy and of Finance.
- Sensfuß, Frank & Ragwitz, Mario & Genoese, Massimo, 2008. "The merit-order effect: A detailed analysis of the price effect of renewable electricity generation on spot market prices in Germany," Energy Policy, Elsevier, vol. 36(8), pages 3076-3084, August.
- Picciariello, Angela & Vergara, Claudio & Reneses, Javier & Frías, Pablo & Söder, Lennart, 2015. "Electricity distribution tariffs and distributed generation: Quantifying cross-subsidies from consumers to prosumers," Utilities Policy, Elsevier, vol. 37(C), pages 23-33.
- López Prol, Javier & Steininger, Karl W., 2017. "Photovoltaic self-consumption regulation in Spain: Profitability analysis and alternative regulation schemes," Energy Policy, Elsevier, vol. 108(C), pages 742-754.
- Mir-Artigues, Pere & del Río, Pablo & Cerdá, Emilio, 2018. "The impact of regulation on demand-side generation. The case of Spain," Energy Policy, Elsevier, vol. 121(C), pages 286-291.
- Fragkos, Panagiotis & Paroussos, Leonidas, 2018. "Employment creation in EU related to renewables expansion," Applied Energy, Elsevier, vol. 230(C), pages 935-945.
- Deng, Gary & Newton, Peter, 2017. "Assessing the impact of solar PV on domestic electricity consumption: Exploring the prospect of rebound effects," Energy Policy, Elsevier, vol. 110(C), pages 313-324.
- Cyril Martin de Lagarde & Frédéric Lantz, 2018. "How renewable production depresses electricity prices: Evidence from the German market," Post-Print hal-01986207, HAL.
- López Prol, Javier, 2018. "Regulation, profitability and diffusion of photovoltaic grid-connected systems: A comparative analysis of Germany and Spain," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 1170-1181.
- Mir-Artigues, Pere & Cerdá, Emilio & del Río, Pablo, 2015. "Analyzing the impact of cost-containment mechanisms on the profitability of solar PV plants in Spain," Renewable and Sustainable Energy Reviews, Elsevier, vol. 46(C), pages 166-177.
- Woo, C.K. & Moore, J. & Schneiderman, B. & Ho, T. & Olson, A. & Alagappan, L. & Chawla, K. & Toyama, N. & Zarnikau, J., 2016. "Merit-order effects of renewable energy and price divergence in California’s day-ahead and real-time electricity markets," Energy Policy, Elsevier, vol. 92(C), pages 299-312.
- del Río, Pablo & Mir-Artigues, Pere, 2012. "Support for solar PV deployment in Spain: Some policy lessons," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(8), pages 5557-5566.
- Dillig, Marius & Jung, Manuel & Karl, Jürgen, 2016. "The impact of renewables on electricity prices in Germany – An estimation based on historic spot prices in the years 2011–2013," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 7-15.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Filippo Antoniolli, Andrigo & Naspolini, Helena Flávia & de Abreu, João Frederico & Rüther, Ricardo, 2022. "The role and benefits of residential rooftop photovoltaic prosumers in Brazil," Renewable Energy, Elsevier, vol. 187(C), pages 204-222.
- Cruz, Carlos & Alskaif, Tarek & Palomar, Esther & Bravo, Ignacio, 2023. "Prosumers integration in aggregated demand response systems," Energy Policy, Elsevier, vol. 182(C).
- Bruno Domenech & Gema Calleja & Jordi Olivella, 2021. "Residential Photovoltaic Profitability with Storage under the New Spanish Regulation: A Multi-Scenario Analysis," Energies, MDPI, vol. 14(7), pages 1-17, April.
- Pere Mir-Artigues & Pablo del Río, 2021. "Prosumers’ Behavior under a Regulation That Encourages Strict Self-Sufficiency. The Case of Spanish Photovoltaic Micro-Generation," Energies, MDPI, vol. 14(4), pages 1-19, February.
- Barbara Antonioli Mantegazzini & C?dric Clastres & Laura Wangen, 2022. "Energy communities in Europe: An overview of issues and regulatory and economic solutions," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2022(2), pages 5-23.
- Finke, Jonas & Bertsch, Valentin & Di Cosmo, Valeria, 2023. "Exploring the feasibility of Europe’s renewable expansion plans based on their profitability in the market," Energy Policy, Elsevier, vol. 177(C).
- Adam X. Hearn & Raul Castaño-Rosa, 2021. "Towards a Just Energy Transition, Barriers and Opportunities for Positive Energy District Creation in Spain," Sustainability, MDPI, vol. 13(16), pages 1-18, August.
- Simona Barbaro & Grazia Napoli, 2023. "Energy Communities in Urban Areas: Comparison of Energy Strategy and Economic Feasibility in Italy and Spain," Land, MDPI, vol. 12(7), pages 1-24, June.
- López Prol, Javier & Paul, Arijit, 2024. "Profitability landscapes for competitive photovoltaic self-consumption," Energy Policy, Elsevier, vol. 188(C).
- Ángel José Ordóñez Mendieta & Esteban Sánchez Hernández, 2021. "Analysis of PV Self-Consumption in Educational and Office Buildings in Spain," Sustainability, MDPI, vol. 13(4), pages 1-16, February.
- Shahid Ali & Qingyou Yan & Muhammad Sajjad Hussain & Muhammad Irfan & Munir Ahmad & Asif Razzaq & Vishal Dagar & Cem Işık, 2021. "Evaluating Green Technology Strategies for the Sustainable Development of Solar Power Projects: Evidence from Pakistan," Sustainability, MDPI, vol. 13(23), pages 1-29, November.
- Gallego-Castillo, Cristobal & Heleno, Miguel & Victoria, Marta, 2021. "Self-consumption for energy communities in Spain: A regional analysis under the new legal framework," Energy Policy, Elsevier, vol. 150(C).
- Fernando Echevarría Camarero & Ana Ogando-Martínez & Pablo Durán Gómez & Pablo Carrasco Ortega, 2022. "Profitability of Batteries in Photovoltaic Systems for Small Industrial Consumers in Spain under Current Regulatory Framework and Energy Prices," Energies, MDPI, vol. 16(1), pages 1-19, December.
- Tomasi, Silvia, 2022. "The (Non) impact of the Spanish “Tax on the Sun” on photovoltaics prosumers uptake," Energy Policy, Elsevier, vol. 168(C).
- Lazzari, Florencia & Mor, Gerard & Cipriano, Jordi & Solsona, Francesc & Chemisana, Daniel & Guericke, Daniela, 2023. "Optimizing planning and operation of renewable energy communities with genetic algorithms," Applied Energy, Elsevier, vol. 338(C).
- Gómez-Navarro, Tomás & Brazzini, Tommaso & Alfonso-Solar, David & Vargas-Salgado, Carlos, 2021. "Analysis of the potential for PV rooftop prosumer production: Technical, economic and environmental assessment for the city of Valencia (Spain)," Renewable Energy, Elsevier, vol. 174(C), pages 372-381.
- Codina, Eloi & Domenech, Bruno & Juanpera, Marc & Palomo-Avellaneda, Leopold & Pastor, Rafael, 2023. "Is switching to solar energy a feasible investment? A techno-economic analysis of domestic consumers in Spain," Energy Policy, Elsevier, vol. 183(C).
- Xiaocheng Zhu & Yanru Zhang & Zhenzhong Wang & Xunzhang Pan, 2022. "Comparison of China’s Biomass Combustion Power Generation with Different Installed Capacities," Energies, MDPI, vol. 15(4), pages 1-8, February.
- Dasí-Crespo, Daniel & Roldán-Blay, Carlos & Escrivá-Escrivá, Guillermo & Roldán-Porta, Carlos, 2023. "Evaluation of the Spanish regulation on self-consumption photovoltaic installations. A case study based on a rural municipality in Spain," Renewable Energy, Elsevier, vol. 204(C), pages 788-802.
- Javier L'opez Prol & Wolf-Peter Schill, 2020.
"The Economics of Variable Renewables and Electricity Storage,"
Papers
2012.15371, arXiv.org.
- López Prol, Javier & Schill, Wolf-Peter, 2021. "The Economics of Variable Renewables and Electricity Storage," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242463, Verein für Socialpolitik / German Economic Association.
- Gunkel, Philipp Andreas & Kachirayil, Febin & Bergaentzlé, Claire-Marie & McKenna, Russell & Keles, Dogan & Jacobsen, Henrik Klinge, 2023.
"Uniform taxation of electricity: incentives for flexibility and cost redistribution among household categories,"
Energy Economics, Elsevier, vol. 127(PB).
- Philipp Andreas Gunkel & Febin Kachirayil & Claire-Marie Bergaentzl'e & Russell McKenna & Dogan Keles & Henrik Klinge Jacobsen, 2023. "Uniform taxation of electricity: incentives for flexibility and cost redistribution among household categories," Papers 2306.11566, arXiv.org.
- Juan Pedrero & Patxi Hernández & Álvaro Martínez, 2021. "Economic Evaluation of PV Installations for Self-Consumption in Industrial Parks," Energies, MDPI, vol. 14(3), pages 1-12, January.
- Kerscher, Selina & Koirala, Arpan & Arboleya, Pablo, 2024. "Grid-optimal energy community planning from a systems perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 199(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- López Prol, Javier, 2018. "Regulation, profitability and diffusion of photovoltaic grid-connected systems: A comparative analysis of Germany and Spain," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 1170-1181.
- Kolb, Sebastian & Dillig, Marius & Plankenbühler, Thomas & Karl, Jürgen, 2020. "The impact of renewables on electricity prices in Germany - An update for the years 2014–2018," Renewable and Sustainable Energy Reviews, Elsevier, vol. 134(C).
- López Prol, Javier & Paul, Arijit, 2024. "Profitability landscapes for competitive photovoltaic self-consumption," Energy Policy, Elsevier, vol. 188(C).
- Sergio Coronas & Jordi de la Hoz & Àlex Alonso & Helena Martín, 2022. "23 Years of Development of the Solar Power Generation Sector in Spain: A Comprehensive Review of the Period 1998–2020 from a Regulatory Perspective," Energies, MDPI, vol. 15(4), pages 1-53, February.
- Macedo, Daniela Pereira & Marques, António Cardoso & Damette, Olivier, 2020. "The impact of the integration of renewable energy sources in the electricity price formation: is the Merit-Order Effect occurring in Portugal?," Utilities Policy, Elsevier, vol. 66(C).
- Abban, Abdul Rashid & Hasan, Mohammad Z., 2021. "Solar energy penetration and volatility transmission to electricity markets—An Australian perspective," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 434-449.
- Javier L'opez Prol & Wolf-Peter Schill, 2020.
"The Economics of Variable Renewables and Electricity Storage,"
Papers
2012.15371, arXiv.org.
- López Prol, Javier & Schill, Wolf-Peter, 2021. "The Economics of Variable Renewables and Electricity Storage," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242463, Verein für Socialpolitik / German Economic Association.
- Thomaßen, Georg & Redl, Christian & Bruckner, Thomas, 2022. "Will the energy-only market collapse? On market dynamics in low-carbon electricity systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 164(C).
- Raquel Fernández-González & Andrés Suárez-García & Miguel Ángel Álvarez Feijoo & Elena Arce & Montserrat Díez-Mediavilla, 2020. "Spanish Photovoltaic Solar Energy: Institutional Change, Financial Effects, and the Business Sector," Sustainability, MDPI, vol. 12(5), pages 1-18, March.
- Wilkinson, Sam & Maticka, Martin J. & Liu, Yue & John, Michele, 2021. "The duck curve in a drying pond: The impact of rooftop PV on the Western Australian electricity market transition," Utilities Policy, Elsevier, vol. 71(C).
- Rinne, Sonja, 2024. "Estimating the merit-order effect using coarsened exact matching: Reconciling theory with the empirical results to improve policy implications," Energy Policy, Elsevier, vol. 185(C).
- Samarth Kumar & David Schönheit & Matthew Schmidt & Dominik Möst, 2019. "Parsing the Effects of Wind and Solar Generation on the German Electricity Trade Surplus," Energies, MDPI, vol. 12(18), pages 1-17, September.
- Espinoza, R. & Muñoz-Cerón, E. & Aguilera, J. & de la Casa, J., 2019. "Feasibility evaluation of residential photovoltaic self-consumption projects in Peru," Renewable Energy, Elsevier, vol. 136(C), pages 414-427.
- López Prol, Javier & Steininger, Karl W. & Zilberman, David, 2020. "The cannibalization effect of wind and solar in the California wholesale electricity market," Energy Economics, Elsevier, vol. 85(C).
- Macedo, Daniela Pereira & Marques, António Cardoso & Damette, Olivier, 2021.
"The Merit-Order Effect on the Swedish bidding zone with the highest electricity flow in the Elspot market,"
Energy Economics, Elsevier, vol. 102(C).
- Daniela Pereira Macedo & António Cardoso Marques & Olivier Damette, 2021. "The Merit-Order Effect on the Swedish bidding zone with the highest electricity flow in the Elspot market," Post-Print hal-03726391, HAL.
- Renato Fernandes & Isabel Soares, 2022. "Reviewing Explanatory Methodologies of Electricity Markets: An Application to the Iberian Market," Energies, MDPI, vol. 15(14), pages 1-17, July.
- Figueiredo, Nuno Carvalho & Silva, Patrícia Pereira da, 2019. "The “Merit-order effect” of wind and solar power: Volatility and determinants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 102(C), pages 54-62.
- Csereklyei, Zsuzsanna & Qu, Songze & Ancev, Tihomir, 2019.
"The effect of wind and solar power generation on wholesale electricity prices in Australia,"
Energy Policy, Elsevier, vol. 131(C), pages 358-369.
- Csereklyei, Zsuzsanna & Qu, Songze & Ancev, Tihomir, 2019. "The effect of wind and solar power generation on wholesale electricity prices in Australia," Working Papers 2019-09, University of Sydney, School of Economics, revised Mar 2019.
- Macedo, Daniela Pereira & Marques, António Cardoso & Damette, Olivier, 2022.
"The role of electricity flows and renewable electricity production in the behaviour of electricity prices in Spain,"
Economic Analysis and Policy, Elsevier, vol. 76(C), pages 885-900.
- Daniela Pereira Macedo & António Cardoso Marques & Olivier Damette, 2022. "The role of electricity flows and renewable electricity production in the behaviour of electricity prices in Spain," Post-Print hal-04039757, HAL.
- Gürtler, Marc & Paulsen, Thomas, 2018. "The effect of wind and solar power forecasts on day-ahead and intraday electricity prices in Germany," Energy Economics, Elsevier, vol. 75(C), pages 150-162.
More about this item
Keywords
PV; Profitability; Renewable electricity; Energy transition; net billing;All these keywords.
JEL classification:
- N74 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: 1913-
- O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:146:y:2020:i:c:s0301421520305140. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.