Regulatory Framework for Renewable Energy Generation

The REG System Connection Processes designed by the Service Providers shall be submitted to SERA for approval and shall be made publicly available by the Service Providers on their website. Public Regulatory Framework for Renewable Energy Generation for Self-Consumption 7. METERING SYSTEMS PROVISIONS 7.1 Metering of electricity generated for self-consumption by REG Systems shall comply with the Grid Code and the Distribution Code as applicable. 7.2 Metering of the exchange of energy between the Service Provider and the Eligible Consumer at the Connection Point shall comply with the Metering Code. 7.3 The Service Provider shall install a separate metering point at the Connection Point of the REG Systems dedicated to monitoring and recording the energy production of the REG System in accordance with the Metering Code. The Eligible Consumer shall bear the cost of the installation and recurring running costs. 7.4 The electrical design documentation of the meter installation shall comply with the Metering Code. 7.5 Prior to commissioning, the Service Provider shall inspect the REG System to ensure that the metering systems comply with the Metering Code and safety standards. Public Regulatory Framework for Renewable Energy Generation for Self-Consumption 8. NET BILLING ARRANGEMENT PROVISIONS 8.1 The Net Billing arrangement is a mandatory arrangement for energy exchange and clearing between the Eligible Consumer and the Service Provider. 8.2 The Eligible Consumer can benefit from the financial balance of the Net Billing arrangement for several consumption accounts under the same Eligible Consumer and under the same Service Provider. 8.3 Energy can be considered Self-Consumed only if it is produced and consumed within the same metering interval. Spill energy generated from the REG System will be exported to the grid and recorded in the Billing system as financial balance according to the financial fees explained in Annex 2. 8.4 The financial balance shall be carried forward from the present Billing Cycle to the next cycle and to be deducted from the electricity consumption bill of the Premises itself, considering Clause (8.2). 8.5 The Service Provider is required to bill the Eligible Consumer for the energy supplied after deduction of the financial balance (if any) of the energy exported to the grid from the REG System affiliated to the Eligible Consumer. 8.6 The Service Provider shall pay the accrued credit amount of Spill energy, if any, upon Termination of the REG system Connection Agreement according to the fees prescribed in Annex 2, within sixty (60) days of the Termination Date. 8.7 The validity period of the accrued financial balance for Spill energy is (12) months from the date accrued. 8.8 Transmission Use of System (TUoS) regulations applies to Premises connected to the Transmission Grid. 8.9 The Service Provider shall develop an appropriate arrangement for a consumption bill for an Eligible Consumer and submit it for SERA’s approval. The bill shall include as a minimum the following information: a) The number of energy units exported. b) The number of energy units imported, and the time-of-use periods, if applicable. c) The financial credit of accumulated energy units due to Spill energy generated and exported to the grid. d) The balance of the financial value of energy units carried forward to the following billing cycle.