What is Net Billing?
Net Billing: The future of the energy
The new regulatory framework for energy self-consumption (Law 5106/2024) opens new opportunities for the installation of photovoltaic systems. This law promotes real-time self-consumption with the possibility of selling excess energy at the wholesale market price during injection hours (Net Billing). Additionally, it provides the option for Virtual Net Billing, which allows homeowners and businesses that do not have the necessary space for the installation of photovoltaic systems to benefit from their own energy production. Virtual Net Billing has significant applications in energy communities, enabling remote consumption offsetting. Specifically, it will be possible to install a photovoltaic system in any location far from the supply point and offset consumption remotely (e.g. having a photovoltaic system at a vacation home offset consumption at the main residence).
How it woks:
A net billing photovoltaic system is interconnected with the grid. More specifically, the generated energy primarily serves the consumption of the installation, then charges the system’s batteries (if available), and finally, if there is excess energy, it is injected into the grid. The surplus energy absorbed by the grid is compensated at the wholesale market price during the hours of injection. The basic prerequisites for licensing the system are:
Benefits of Net Billing:
-Reduction of Energy Costs: The simultaneous offsetting of generated and consumed energy reduces electricity bills and, consequently, the total energy cost for the consumer.
-Autonomy: Decreased dependence on the grid with the production of clean energy.
-Investment Return: Immediate savings and payback of the investment in a short time frame.
-Environmental Contribution: Contribution to the reduction of carbon dioxide emissions.
-Long-Term Reliability: Steady benefits and protection from increases in electricity prices.
Benefits of Virtual Net Billing:
-Energy Savings Regardless of Location: Ability to generate energy at a different location from the consumption supply.
-Flexibility: Creation of energy schemes by individuals or businesses aimed at achieving their energy autonomy.
-Utilization of Vacation Homes: Ability to install a photovoltaic system at your vacation home that covers the needs of the vacation property, as well as the needs of your urban residence.
-Utilization of Land Areas: Possibility to install a photovoltaic system on fields and unused land throughout mainland Greece.
-Energy Autonomy in Business Chains: Complete coverage of the energy needs of chain stores without owner-occupied premises.
-Energy Autonomy in Industries: Complete coverage of energy needs for industries that have energy requirements disproportionate to their roof capacity.