Efficiency improvements in the PV plants market: an application to the Spanish case

Abstract

Purpose Spain has one of the greatest photovoltaic potentials in Europe. The boom suffered in the photovoltaic sector during the years 2007 and 2008 led to instability in the electrical system, prompting the legislator to develop a large number of legislative changes trying to control the electric system tariff deficit. These measures profoundly affected plant owners creating a non-transparent secondary market, which are not covered by the current exchange platforms. The purpose of this paper is to analyze the current situation of the photovoltaic market in Spain, try to understand it based on its historical sequence and propose efficiency improvement measures, based on the implementation of best practices and market mechanisms. Design/methodology/approach This paper studies the legislative evolution in the photovoltaic sector in Spain and its effect on owners and investors. The authors propose an intermediation system that improves the efficiency of the secondary market. Findings The authors propose an intermediation system that improves the efficiency of the secondary market. Originality/value The authors have not found any other paper that proposes the creation of a market for photovoltaic facilities to increase efficiency.