Image: Michael Pointner, Unsplash
The Israeli Ministry of Energy and Infrastructure is planning to introduce new tariff rates for surplus solar energy to the roof under net measurement.
The proposals relate to the sale of surplus electricity to the grid of home zoning installations that are used for self -consumption. According to current legislation, the rate is set at ILS 0.48 ($ 0.13)/kWh for a fixed period of 25 years.
The first number offers a faster return on the initial investment via a higher rate during the first five years, followed by a lower rate thereafter. The proposed rate is set for ILS 0.6/kWh for the first five years, before it is cut to ILS 0.3807/kWh.
The rate rail is available for installations up to 30 kW, but the higher rate during the first five years would only apply to the first 15 kW.
The second rate must be linked to the consumer price index for installations up to 15 kW. The rate is lower, with ILS 0.39/kWh, but will increase in line with inflation as inflation increases.
The proposal is designed to tackle the concern that the real value of solar energy on the roof can erode in cases of high inflation under the current fixed rate.
Guidelines for the proposals available at the Ministry websitesays that as the speed in the fast track decreases and the speed in the index-linked route is updated upwards, differences are compensated, so that the total depreciated payments to the manufacturer remain the same.
Image: Israel Electricity Authority
The proposed rates are part of Israel’s plan to install solar panels 100,000 new roofsannounced for the first time in February.
The Ministry has opened a consultation in the two tariff traces, which accepts written feedback until 4 April.
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