New Ministerial Decision regulates net billing
New Ministerial Decision regulates net billing

New Ministerial Decision regulates net billing

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RE+D magazine
09.09.2024

The Ministerial Decision, that promotes self-consumption of energy, either individually by all citizens and businesses of the country or jointly (apartment buildings), was inked by the Minister of Environment and Energy, Mr. Thodoros Skylakakis and the Deputy Minister of Environment and Energy, Mrs. Alexandra Sdoukou.

Through the new self-consumption scheme, it is possible for all consumers in the country, in facilities located at all voltage levels of the electrical system, to offset simultaneously the quantities they consume in their facilities with the quantities produced by one or more Renewable Energy Sources stations (RES), and receive compensation for excess energy, according to market prices.

The RES stations may belong to themselves or to a third party, be installed either in the same place as the consumption facility (net billing) or anywhere else in the network (virtual net billing), and the third party, owner of the station, may guarantee a fixed selling price of energy. In this case, the netting of the electricity produced by RES stations. or S.H.I.T.Y.A., will be done with the electricity consumed in self-consumer facilities, at least one of which is either not located in the same or adjacent area as the stations or, if located, is supplied by a different supply. With this capability, energy companies install RES systems, with or without storage, to offset self-consumer consumption, further liberalizing the retail energy market.

The electricity produced by the power station and the Absorbed electricity in the consumption supply of the self-producer are offset in a time window equal to the Discrepancy Clearing Period (15 minutes per hour) based on the certified meter data from the Operator, while the self-consumer sells the Injected energy.

Especially for residential self-consumers up to 10.8 kW, it is possible to receive the benefit of excess energy as a discount on their provider's electricity bill.

For businesses and larger consumers installing systems above 10.8 kW, the excess energy revenue they receive from the market will go directly into their bank account.

At the same time, with the implementation of collective self-consumption, apartment owners of an apartment building will be able to install photovoltaic systems either on the roof of the apartment building or anywhere else, provided that they legally own the use of the space.

The transition from the net metering scheme to the new net billing program will be done with simplified procedures and with a simple notification to the network administrator.

Distortions of the previous self-consumption scheme have been limited by actions such as changing the settlement time of offset quantities from three years to one year.

Additionally, under the new net billing scheme the synchronization of energy production with consumption reflects the actual cost of energy netted without creating market deficits.