Cyprus Mail
CyprusEnvironment

Cabinet makes it easier for public to produce own electricity

Pv Park

The cabinet on Wednesday amended the virtual net billing programme to make it easier for the public to produce their own electricity.

The amendment allows for photovoltaic systems (PVs) linked to the grid to have the cost of electricity produced and exported to the grid to be offset against the cost of imported electricity from the grid of substations located at a different location from the photovoltaic system.

The goal is to make it easier for the installation of PVs, which will significantly help reduce electricity costs, while also increasing the penetration of renewables in the country’s energy balance in a push to transition to a green economy.

An announcement from the government said that it is its policy to immediately accelerate the green transition, and the energy ministry will make specific announcements as to the criteria for beneficiaries.

 

Follow the Cyprus Mail on Google News

Related Posts

Cyprus government records €918.9 million surplus

Kyriacos Nicolaou

Larnaca court rejects haircut suit

Tom Cleaver

COP28 opens with plea to work together on fossil fuels

Reuters News Service

As close as I could get to a superhero

Paul Lambis

AG orders criminal investigation into Cyprus Olympic Committee member

Jonathan Shkurko

Trial for murder of Turkish Cypriot girl delayed again

Tom Cleaver