With the application of net-billing, we talk of installations from 10.4 kW up to 8 MW.
The electricity that will be produced will cover the needs of the facility at current time. Given that the immediate electrical needs of the facility have been met, the surplus production of electricity will be exported to the grid and will be compensated by the EAC at the level of the respective avoidance costs. The total economic value of the excess exported energy will be offset against the property's electricity bill.
In the event that the cost of exported electricity exceeds the cost of imported electricity (amount of money payable by the consumer to the supplier) the excess amount of money, credited for the next billing period. In the last account, within a period of twelve months, which is counted in the month of November, the final liquidation of the cash surpluses will take place. Therefore, with this plan businesses will be able to reduce and/or eliminate operating costs from electricity consumption.
Key Differences Between Net Metering and Net Billing:
The primary difference lies in how the surplus electricity is valued and credited. Net metering offers a more straightforward and beneficial approach for consumers with smaller systems, while net billing is designed for larger-scale installations.
