A RAE (Regulatory Authority for Energy) list of proposed revisions concerning the legal framework for net metering, both conventional and virtual, has been forwarded to the energy ministry.
This RAE proposal will serve as a basis for a ministerial decision to soon be delivered by the energy ministry, ending months of talks between the government, RAE and market officials, the objective being to make RES self-production investments a more attractive prospect.
According to energypress sources, the ministerial decision will include RAE proposals for the installation of tracker systems and net metering penetration on the islands.
The ministerial decision is not expected to include any changes to the RES-supporting ETMEAR surcharge.
The net metering plan enables electricity consumers who generate their own power from an eligible on-site facility and deliver it to local distribution facilities to offset the electric energy provided by the utility during an applicable billing period.
Virtual net metering links fragmented and scattered operations, such as farmer plots, to just one electricity power meter to offset the cost of electricity supplied by the power utility with electricity produced through PV self-production for the grid.