Title:	Development of Conceptual Framework for Time of Generation Feed-in-Tariff for a Rooftop Photovoltaic System
Author(s):	R.R. Urs, M. Marzband, A. Al-Sumaiti, A.M. Abusorrah
Keywords:	Economic Analysis, Funding and Incentives, Feed-in Tariff, Photovoltaic Systems, Rooftop PV Systems
Topic:	Finance, Markets and Policies
Subtopic:	Costs, Economics, Finance and Markets
Event:	38th European Photovoltaic Solar Energy Conference and Exhibition
Session:	7DV.1.7
Pages:	1676 - 1680
ISBN:	3-936338-78-7
Paper DOI:	10.4229/EUPVSEC20212021-7DV.1.7
Price:	0,00 EUR
Document(s):	paper, poster

Abstract/Summary:

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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.