Amendments to Egypt’s net-metering system are encouraging more businesses to consider PV installations

Amendments to Egypt’s net-metering scheme are encouraging more businesses to consider photovoltaic installations, says PV Magazine. The upgraded scheme sets the upper power generation limit for a PV installation to 20 MW from 500 KW. That coupled with the “the global price drop of the PV technology and the steady increasing of the retail electricity price in Egypt mean we are heading towards the breaking point, where net metering PV investment will be profitable.” Under the scheme, which was originally launched in 2013, surplus power generated by PV setups is fed to the national grid and counts as credit in a customer’s accounts that can used in following months. The Electricity Transmission company buys any remaining surplus at the end of the year at the price set by the regulator.