Virtual Net Metering
The virtual net metering scheme allows household consumers to install a photovoltaic system with power up to 10.4 kw in areas offsite the property that will benefit from the photovoltaic system.
How it Works
The electricity produced from the photovoltaic system is recorded and sent to the grid. Households benefit from the electricity produced by their photovoltaic systems and granted to the grid, as this is deducted from the next household electricity bill. Please note that the whole electricity produced by the photovoltaic system is charged 0.04 euro /kwh when it is consumed.
The power of the 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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