Improving Flexible Feed-in Tariff Modeling for Renewable Energy Pricing

Abstract

Renewable energy support for the world-wide accepted Feed-in Tariff (FiT) policy is being used effectively. FiT support policies, structure and application vary between countries. This paper compares some existing support applied policies. A new model that might be more effective is proposed. Other objects of this study are to protect and to win more for operators, investors and consumers. The proposed flexible pricing model is depending on a country’s economic status, the energy market and energy production plants technical data. Also support models are explored in the energy investments. The proposed new model's performance is also explored. Cost-efficiency analyses by using the proposed model have been conducted for Turkey. Conclusions are discussed to find the best support model for renewable energy power plant systems. 