Feed-in tariff for solar photovoltaic: The rise of Japan

Muhammad‐Sukki, Firdaus; Abu-Bakar, Siti Hawa; Munir, Ahmad; Yasin, Siti Hajar Mohd; Ramirez-Iniguez, Roberto; McMeekin, Scott G.; Stewart, Brian G.; Sarmah, Nabin; Mallick, Tapas K.; Rahim, Ruzairi Abdul; Karim, Mohammad Ershadul; Ahmad, Salman; Tahar, Razman Mat

doi:10.1016/j.renene.2014.03.012

Cited by 76 publications

(33 citation statements)

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“…To date, the most common and successful policies include Feed-In Tariffs (FITs) and Renewable Portfolio Standards (RPS) [1]. The impacts of FITs and RPSs have been widely studied [2][3][4][5][6]. FITs are regarded as more efficient because they provide long-term financial stability for investors [7].…”

Section: Introductionmentioning

confidence: 99%

Substitution effect of renewable portfolio standards and renewable energy certificate trading for feed-in tariff

et al. 2018

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• The substitution effect of RPS and REC trade for the FIT was calculated and analyzed.• A multi-region power market model was proposed and developed.• REC trade can reduce the government's expenditure on subsidies for renewable energy.• FIT subsidy provides guarantees of the local power sectors' profit.• RPS, REC trade and FIT subsidy need to be considered together. A R T I C L E I N F O Keywords:Renewable portfolio standard Renewable energy certificate Feed-in tariff Subsidies A B S T R A C TThe Feed-in Tariff (FIT) has been successfully used to promote the development of renewable energy; nevertheless, it may cause financial burden on the governments at the same time. Compared with FIT, Renewable Portfolio Standards (RPS) and the Renewable Energy Certificate (REC) trading have been considered to reduce the government's expenditure caused by the subsidization. To examine the effectiveness of RPS and REC trading, the development of renewable energy and the environmental and economic benefits under different policies have been quantitatively investigated by using a multi-region power market model and China has been chosen as a case study. The obtained results show that: (i) REC trading can efficiently reduce the government's expenditure on subsidies for the development of renewable energy; (ii) Compared to FIT, RPS and REC trading will reduce the power sectors' profit; and (iii) RPS and REC trading may not be enough to achieve the target on renewable energy especially when the capital cost is high, therefore, RPS, REC trade and FIT subsidy should be implemented as complementary policies, not independent.

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Section: Introductionmentioning

confidence: 99%

Substitution effect of renewable portfolio standards and renewable energy certificate trading for feed-in tariff

et al. 2018

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“…been successfully demonstrated in many countries e.g. Germany [88], Indonesia [89], Malaysia [90], Japan [91] and the United Kingdom (UK) [92]. According to REN 21 [14], by 2013, there were already 98 countries globally implementing FiT.…”

Section: Conclusion and Recommendationsmentioning

confidence: 99%

Progress of solar photovoltaic in ASEAN countries: A review

Ismail

Ramirez-Iniguez

Asif

et al. 2015

Renewable and Sustainable Energy Reviews

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101

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Abstract.The present global energy scenario, in which fossil fuels play a preponderant role, faces significant energy and environmental challenges. To help address these challenges, countries across the world are increasing the contribution made by renewable energy (RE) resources to their energy supplies. Feed-in Tariff (FiT) is one of the most effective incentive policies used to promote the RE sector especially at the micro-generation level. The key objective of the FiT schemes is to provide financial support to residential, industrial and commercial consumers to encourage them to become RE producers. Solar photovoltaic (PV) is one of the most promising RE technologies. This paper provides an overview of the solar PV developments in the Association of South East Asian Nation (ASEAN) countries. It reflects upon the RE trends in the world as well as providing an introduction to the ASEAN countries. It reviews the progress of solar PV in each of the ASEAN countries especially in terms of RE policies, growth in terms of PV installations and research and development activities. Finally, the paper presents conclusions and a set of recommendations. Out of the 10 ASEAN countries, 5 have implemented FiT as a key policy incentive to stimulate the progress of RE. It is found that the ASEAN countries have great potential for solar PV in term of their annual solar insolation levels, which ranging from 1,460 to 1,892 kWh/m 2 per year.

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“…With RECs, payback periods were at least 60 years and with FITs they were as low as 14 years. Muhammad-Sukki et al [47] calculated household PV payback periods in the order of 8 years in Japan, following introduction of FITs on 1 July 2012, concluding that a strong uptake will continue. They undertook similar analyses for Germany, Italy and the United Kingdom resulting in payback periods of 15, 9 and 9 years respectively.…”

Section: Quantitative Analysis Of Viability Outcomesmentioning

confidence: 99%