Net Billing 10kW – 10MW
HOW IT WORKS
The system first sends electricity to the premises and delivers excess energy to the network. The energy supplied to the network is credited to the producer-consumer at the price of electricity being purchased from RES as designated by CERA. Each month, the difference between the credit from the excess energy from RES being delivered to the network and the cost of electricity purchase from the network is calculated.
Any surplus amount is transferred to the next billing period. Any deficits are paid normally. Any accumulated money surplus is eliminated in the October or November bill, without being compensated.
Net-billing is a tool for consumers to reduce their cost of electricity and not to operate in the Electricity market.
- It is about RES systems in commercial and industrial buildings and public buildings. System power from 10kW to 10MW per bill.
- System power ≤80% of the installed load of the premises.
- Maximum annual output ≤ Maximum annual consumption.
- For every 20 minutes, there is a measurement of both energy production and energy input / output.
- The system sizing should be based on the consumption profile of the premises.
- Financial benefit from self-consumption > benefit from the purchase price of electricity from RES
- An energy storage system may be installed.
- Application to the Cyprus Energy Regulatory Authority (CERA)
- Department of Town Planning and Housing or Local Building & Construction Authority
- For systems up to 20 kW, no other license is required if the installation is in a lot that is legal premises.
- For systems of 20 kW – 150 kW a building permit is required
- For systems over 150 kW, a planning permit is required (as well as a respective environmental study)