Cyprus Mail

Hoteliers lobby minister for virtual net energy metering

File photo

The president of the Association of Cyprus Tourist Enterprises (Stek) Akis Vavlitis met Energy Minister Natasa Pilides on Thursday to discuss the possibility of applying virtual net energy metering and billing to hotels.

Virtual net energy metering (VNEM) is a tariff arrangement that enables a multi-meter property owner to allocate the property’s solar system’s energy credits to tenants. The generated electricity does not flow directly to any tenant meter, but feeds directly back onto the grid.

According to a statement released by Stek, which represents four and five-star hotels, Pilides would favour utilising VNEM in the hotel industry and the hospitality sector.

“At a time when energy costs are constantly rising and actions to reduce the energy footprint of companies are intensifying, the two sides had the opportunity to discuss important issues of concern to hotels,” the statement said.

“VNEM is currently only applicable to businesses in the agriculture and residential sector. The minister, however, showed understanding to our request and found Stek’s suggestions of particular interest, pledging to study them further.

At the same time, according to the statement Pilides agreed in principle to an extension for the application period of the scheme allowing businesses to upgrade their energy systems, which ends on September 30.


Related Posts

Nicosia ‘concerned’ about Turkey-Libya agreement

Nikolaos Prakas

Pensioners call for more support, threaten ‘dynamic measures’

Nick Theodoulou

Report into conscript’s death handed to police

Gina Agapiou

Wizz Air aims to bring 800,000 tourists to Cyprus this year

Jonathan Shkurko

Eight weeks paid parental leave to be paid for all parents

Gina Agapiou

Stavros Michail appointed to head HIO

Nick Theodoulou