Zambia’s power utility company, ZESCO Limited, has announced the commencement of the Net Metering Programme effective Thursday, August 1, 2024.
The company announced this in a press statement on Wednesday, July 31, 2024.
The implementation of the Net Metering Programme is in line with the Electricity (Net Metering) Regulations, 2024, and “it is designed to promote the adoption of renewable energy sources among our customers, allowing them to generate their electricity and feed any excess power back into the grid.”
Net metering is a system that allows prosumers (consumers who also produce electricity) to generate their power (limited to the contracted/declared demand with ZESCO) from renewable energy sources such as solar.
Any excess electricity generated can be fed back into the ZESCO grid, effectively allowing consumers to offset their electricity bills.
Not only will this system promote the use of renewable energy but also enhance energy security and sustainability in Zambia.
Benefits of Net Metering
Cost Savings: Generate your electricity and receive credits for excess power.
Environmental Impact: Reduce greenhouse gas emissions by using renewable energy
Energy Independence: Decrease reliance on traditional power sources.
Economic Growth: Create jobs in renewable energy installation and maintenance
Transfer of Net Metering Accounts
When there is a change of ownership on a property with a renewable energy system, the net metering account will be closed.
The new owner must apply for a standard electricity account and can then opt to apply for a net metering account.
Technical Specifications
To ensure high-quality supply, prospective consumers should have Grid-Tied Inverters. For a complete list of recommended equipment or technical specifications, visit the ZESCO website.
ZESCO encouraged customers to join this innovative programme to save on electricity costs and contribute to a sustainable future for Zambia.
Source: https://energynewsafrica.com