Following the recent public consultation launched by the Minister of Environment and Energy, Thodoros Skylakakis, and Deputy Minister Alexandra Sdoukou on installing photovoltaic systems in apartment buildings, we welcome a new framework in the market for households.
This involves net-billing (simultaneous netting) as well as virtual net-billing (virtual simultaneous netting), which replace net-metering and virtual net-metering, respectively. Under the new Ministerial Decision, installing a photovoltaic system on the roof of an apartment building is much easier, as it brings an end to the requirement for consent from 100% of the co-owners, which applied until now, reducing this percentage to almost half, specifically to 51%.
With net-billing, kilowatt-hours that are not consumed at the time they are produced (simultaneous consumption) will be sold to the system. Under the Ministerial Decision, the sale will be at the wholesale price at the time of injection. Consequently, this new self-generation framework is aimed primarily at consumers with high levels of consumption during the day, enabling them to achieve a high level of simultaneous consumption. Alternatively, it takes quite a long time to recoup the cost of the photovoltaic system.
In any case, the new framework for shared photovoltaic systems promotes collective self-consumption, which was established by Law 5037/2023. The “shared” system can be used by at least two consumers in the same building, as provided for by law. In addition, consumption in the building’s common areas can be netted against solar production on a simultaneous basis.
The Ministry of Environment and Energy has taken steps to ensure that households can implement net-billing straightforwardly, without self-consumers incurring tax obligations for the supply of the energy produced and injected into the grid as part of the netting arrangement. DAPEEP also plays a key role here, representing residential self-consumers without any extra charge for selling surplus energy on the wholesale market. The amount from the sale will, in fact, be “transferred” as a discount on the electricity bill.
Finally, regarding surplus energy, in addition to selling it, the Ministerial Decision offers another solution through bilateral electricity purchase and sale agreements (PPA).
Source: Liberal
Source: Liberal
