NETO settlement
NETO settlement system
The NETO billing system determines the monetary value of the electricity produced and consumed. At the same time, a domestic electricity producer who generates electricity from renewable resources can distribute the production of electricity over several sites. This allows the value of the electricity produced to be used to pay the electricity bill at all the user's connections.
NETO settlement system service
Manufacturers Universal | Manufacturers Dynamic | ||
---|---|---|---|
Offer | Exchange price -0.02 EUR, which cannot be lower than 0.00 EUR/kWh | Exchange price -5 %, which may be lower than 0.00 EUR/kWh | |
Authorised production capacity | Up to 50 kW | Up to 1 MW | |
Minimum contract period | 1 year | ||
Monthly fee | – | ||
How many household objects can be included in the net settlement system? | Without limit | ||
Do I need to register my business? | No, no need to register |
NETO settlement system conditions and options
- The NETO billing system is designed for both households and businesses with a total electricity generation capacity of up to 1MW
- the electricity is generated at the electricity site using solar panels or other renewable energy sources
- all the customer's electricity connections have one electricity trader who is responsible for the electricity received and transferred to the network
- billing can also be extended to multiple electricity connections of the user
- The NETO payment system can be used without registering an economic activity
- electricity is generated by the user for their own use with the possibility to sell the residual (80% self-consumption and 20% residual for sale)
- the resulting NETO value can be used to cover electricity costs