PV market is tuning into an energy saving market
The industry of solar energy is rapidly transforming from an investor’s market into an energy savings market, as the PV Parity Project states.
The solar photovoltaics industry provides its customers with electrical power by converting solar radiation into direct current electricity. The PV Parity Project is willing to participate with everything necessary to bring the technology in the EU electricity market and increase the competitiveness of the industry.
The group thinks that when the project comes to an end it will promote renewable energy technology and culminate in greenhouse gas emissions reduction, as well as diversifying energy supplies.
A new report shows that the existing costs of supporting schemes have helped the PV market grow and become more competitive, such as investment grants, net-metering, feed-in tariffs and green certificates in Germany, Italy, Netherlands and Austria. It also analyzed alternative support schemes.
The results of this report reveal the fact that self-consumption measures must be led by fair compensation for the electricity brought into the grid, in order to establish competiveness of installation driven by self-consumption.
This implies that for the time being, in most European countries, the compensation for the electricity fed into the grid, and not self-consumed has, to be even bigger than the market price for electricity.
“Self-consumption needs a specific regulatory framework, with a right to self-consume to be implemented and a lot of design criteria to be considered”, announced Fabian Pause, from SUER, the German Foundation for Environmental Energy Law.
The report noted that the self-consumption business model is dependent on the savings on grid costs and taxes.