Net Metering is a self-consumption scheme regarding photovoltaic systems with power up to 10.4kw. All consumers, including households and businesses can take part in this system.
How it works
During the production of electricity by the photovoltaic system, the building consumes this electricity directly. In cases where the photovoltaic system produces more electricity than the building consumes for its daily needs, then this excess electricity produced by the photovoltaic system is recorded and used by the Electricity Authority of Cyprus.
Households and businesses benefit from the excess electricity produced by their photovoltaic systems and granted to the Electricity Authority of Cyprus, as this is deducted from the next electricity bill. Moreover if there is still surplus it will be credited to their account and deducted from the future bills to follow. Please note, that the excess electricity granted to EAC is charged 0.04 euro /kwh when it is consumed.
The power of a photovoltaic system is decided according to the electricity consumptions of the previous year.
In cases where there are no previous electricity consumptions, then households and businesses can choose by themselves the power of their photovoltaic systems.
For buildings with single phase electrical wiring the power of the photovoltaic system cannot exceed 4.16kw.
CY-3045 Limassol, Cyprus
MON - FRI
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