ENF – Introduction to Report
The New Emerging UK Solar PV Feed-in Tariffs
Transforming the economic case for domestic solar PV systems
 
Report Contents
 

The report covers:

Part 1 – The transformation of the UK solar PV market

1.1  What has changed?
1.2  Defining our terms
1.3  The Model, the data and our assumptions
1.4  Arriving at the threshold of a rational economic case

Part 2 – Base-line business Model

2.1  Simple Payback with base-line assumptions
2.2  Simple Payback with ROC's added where they are not in the feed-in tariff
2.3  Yield on Investment
2.4  "Notional Cash Positive" Year
2.5  The Most Favorable Annual Price of Electricity
2.6  Preliminary Conclusions from the base-case

Part 3 - Future Price of Electricity

3.1  Drivers of electricity prices
3.2  Flat Future Electricity Prices?
3.3  Electricity Prices rising well above 5% pa
3.4  Electricity price inflation hypothesis


Part 4 – Comparison with the German Model

4.1  The successful EEG model
4.2  Creating a like-for-like comparison
4.3  Conversion of the sale of ROC's into a feed-in tariff
4.4  Adjustment for the different price of electricity
4.5  Removing the effect of tariff price inflation
4.6  Impact of transferring the DTI grant to a feed-in tariff
4.7  The broadly like-for-like UK vs Germany comparison
4.8  Lessons from the German Model

Part 5 – What would it take to completely close the gap

5.1  Smaller DTI grants versus higher feed-in tariffs
5.2  Future Pricing
5.3  One-stop shopping
5.4  Adding to the value of a house

Part 6 – Impact on the market size

6.1  Defining a ceiling to the UK domestic solar PV market
6.2  New trajectory of UK market growth in domestic solar PV systems
6.3  Impact on electricity bills of cross subsidising renewable energy from solar PV systems

Part 7 – Conclusions

Annex 1 – Review of the Assumptions for the business model
Annex 2 – Sensitivity Analysis

 

Report Pricing

Report price: €450           Order and pay by credit card          Order and pay by bank transfer

To order the report, simply send an email to kit@enf.cn with a couple of sentences confirming your purchase (we are happy to use your own PO templates if preferred):
- "I hereby order the "The New Emerging UK Solar PV Feed-in Tariffs" study at a cost of €450. Please send the invoice to XXXX"

Note: Most companies who are not already ENF clients will be sent an invoice and asked for advanced payment before the report is sent. Existing customers will immediately be sent the report when report purchase is confirmed.

 

Market Survey Methodology

The ENF model calculates simple payback, yield in year 1, notional cash positive year and lowest annual electricity bill. The model has built in the rules for the DTI grant for a 1 kW, 3 kW and 5 kW systems, the rounding up/down rules for Renewable Obligation Certificates, the ability to make assumptions for the installed price of the solar PV system, future price erosion of installed price of solar PV systems, annual consumer consumption of electricity, current and future electricity tariffs (including standing charges and Economy 7 tariffs) and feed-in tariffs, split of PV electricity output between self use and sales to the grid and PV panel aging,

Great care was taken to build up a set of closely argued balanced assumptions that were robust enough to support the comparisons and conclusions. Hypotheses are built for the split of electricity between self-use and sales to the grid and the future long-term price of electricity based on researched data.

A unique part of the study was to benchmark the new UK feed-in tariffs against the German EEG Law tariffs on a "like-for-like" basis. As part of this, the current DTI grant is translated into what a feed-in tariff increase would have to be for comparable benefit.

 

Coverage

The report looks at the feed-in tariffs of six UK electricity companies (nPower, Powergen, EDF Energy, Southern Electric, Good Energy and Ecotricity) together with Trade Point Solution's price for Renewable Obligation Certificates.

 
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