Grid parity and self-consumption with photovoltaic systems under the present regulatory framework in Spain: The case of the University of Jaén Campus.

Abstract: The cut-off of any subsidy or feed-in tariff that incentives the installation of new renewable energy systems which are close to the grid parity, is a reality in most of the European countries, but in the recent years the grid parity has worsened because of the global economic crisis. In the case of Spain, in addition to the economic problems, the photovoltaic sector has been dramatically damaged through a changeable regulatory framework, an excessive bureaucracy and the inclusion of additional fees or possible back-up tolls that are very prejudicial for the deployment of this sector. Nowadays, the current Spanish legislation mentions the possibility of self-consumption (totally or partially) of the electricity generated by PV or any renewable energy systems but, up to the date of this work, the law that regulates the administrative, technical and economic conditions for the net-metering of the electrical energy produced within the consumer׳s network, is still under a draft stage. In this paper it is analyzed the case of the University of Jaen, where it has been identified and simulated several PV systems on the roofs and parking lots of the University Campus, and considering the current electrical tariffs (hourly defined for the case of high power and high voltage consumers), it has been done a cost and economic analysis. As a result, it has been obtained an average Levelised Cost of Energy around 0.125€kWh−1, a discount payback time of 17.5 years or less, a positive Net Present Value and a nominal Internal Rate of Return of 8.48% in the worst case. Beyond that, it has been carried out a sensitivity analysis of the factors that have more influence in the profitability of these systems, like the initial investment cost, the PV electricity yield, additional taxes and the variations in the electricity price market. [Copyright &y& Elsevier]