The rate of net metering applications in Greece is rising as self-producing households and small-scale enterprises move to benefit from the mechanism enabling 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.

A total of 1,321 applications have been submitted from May, 2015, when the mechanism was introduced in Greece, to June this year, while, of these, 694 are already operational, data released yesterday by the Hellenic Association of Photovoltaic Companies, locally acronymed SEF, has shown.

Net metering has proven to be a successful tool in various countries, especially within the PV sub-sector, for consumers seeking to partially offset overall consumption and save on energy costs.