Over the past three months, the demand for solar panels has dropped sharply. We are talking about households that install them on their plots of land. According to experts, one of the reasons may be the new net billing system for electricity, which came into force on May 1 this year, and the second is market saturation. The Delfi portal looked into this. It also found out whether it makes sense to insure solar panels against natural disasters, of which there are more and more in Latvia. As reported by Delfi Business, a new net billing system for electricity has been in effect in Latvia since May 1, which applies to both households and enterprises that produce electricity. Until now, the net metering system was in effect, which determined that if a household transmitted more electricity in kilowatt-hours to the general power grid than it received from the grid, the difference could be accumulated and used when the volume of energy produced was less than consumed. The new net billing system is based more on market principles. Its main difference is that, from May 1, the cost of excess electricity produced is calculated in monetary terms, and not in kilowatt-hours.
