TY - JOUR
T1 - Simplified levelised cost of the domestic photovoltaic energy in the UK: the importance of the feed-in tariff scheme
AU - Georgitsioti, Tatiani
AU - Pearsall, Nicola
AU - Forbes, Ian
PY - 2014/7
Y1 - 2014/7
N2 - This study examines the cost-effectiveness of residential photovoltaic (PV) systems in the UK by considering the changes occurring in the supporting mechanism, the Feed-in Tariff (FiT). The metric used is the levelised cost of energy. The analysis stresses the importance of the FiT scheme and demonstrates the lowest cost of produced energy that domestic PV systems can achieve with the current policies. In this study, the term grid parity is used when the levelised cost of the PV generated energy is lower than the retail electricity cost that the consumer pays. It is observed that, for certain scenarios and in certain UK cities, a domestic PV system can reach grid parity without using the FiT scheme, but it might not constitute a sufficient reason to invest in a PV system.
AB - This study examines the cost-effectiveness of residential photovoltaic (PV) systems in the UK by considering the changes occurring in the supporting mechanism, the Feed-in Tariff (FiT). The metric used is the levelised cost of energy. The analysis stresses the importance of the FiT scheme and demonstrates the lowest cost of produced energy that domestic PV systems can achieve with the current policies. In this study, the term grid parity is used when the levelised cost of the PV generated energy is lower than the retail electricity cost that the consumer pays. It is observed that, for certain scenarios and in certain UK cities, a domestic PV system can reach grid parity without using the FiT scheme, but it might not constitute a sufficient reason to invest in a PV system.
U2 - 10.1049/iet-rpg.2013.0241
DO - 10.1049/iet-rpg.2013.0241
M3 - Article
SN - 1752-1416
VL - 8
SP - 451
EP - 458
JO - IET Renewable Power Generation
JF - IET Renewable Power Generation
IS - 5
ER -
