CALCULATION OF A FEED-IN RATE FOR THE RESIDENTIAL PHOTOVOLTAIC MECHANISMS IN COLOMBIA

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Carlos Fernando Morales Sanchez

Abstract

The objective of this article is to estimate a residential feed-in rate that will encourage the production of photovoltaic energy in Colombia. For this calculation, the used methodology was one that combines the point of equilibrium analysis by Rigter and Vidican (2010) with the representation of a photovoltaic mechanism designed by the Homer Energy software. The feed-in rate is calculated for three different locations in the country, and for Bogota the rate is 4,359 pesos per kilowatt-hour for a 3 kW photovoltaic system. Even though the estimated rate can seem high according to the economic and institutional constrains of the Colombian State, the space to explore alternative mechanisms and pilot programs
exists. The article also discusses the barriers and legal possibilities for stimulating of renewable energies in Colombia.

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Author Biography

Carlos Fernando Morales Sanchez, Catholic University of Colombia

Economista, Universidad Nacional de Colombia, Bogotá, Colombia. Estudiante de la Maestría en Ciencias Económicas, Universidad Nacional de Colombia, Bogotá, Colombia. Docente, Universidad Católica de Colombia, Bogotá, Colombia. Miembro del grupo de investigación en Política económica y finanzas, Universidad Católica de Colombia, Bogotá, Colombia. 

How to Cite

Morales Sanchez, C. F. (2014). CALCULATION OF A FEED-IN RATE FOR THE RESIDENTIAL PHOTOVOLTAIC MECHANISMS IN COLOMBIA. Semestre Económico, 16(34), 13-39. https://doi.org/10.22395/seec.v16n34a1

References