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The price of the service is decreasing for consumers producing electricity

Lithuanian households with the status of producing consumers will find it easier to recover financially next year in the electricity market that is reaching price records. The lower fee for the storage of green electricity produced by the State Energy Regulatory Council (VERT) should reduce the population’s electricity bills by at least 12%.

Domantė Navarskaitė, the head of solar products at the independent electricity supplier Elektrum Lietuva, says that this VERT decision is important both for its contribution to strengthening the development of green energy in Lithuania and will motivate the population to become more involved in it.

“From 2022, household consumers producing electricity will pay as much as 14-21 percent for stored electricity, depending on the payment plan. less. If the average owner of a solar power plant in Lithuania consumes about 8 thousand. kilowatt-hours (kWh) per year and billed for the kilowatt-hours of electricity recovered, the bill for such a consumer would be reduced by about four euros per month and about 50 euros per year, ”she says.

From 2022, household consumers producing electricity will pay as much as 14-21% for the stored electricity, depending on the payment plan. less.

Renewable energy production sources, such as the sun or wind, have their own specificity, when electricity production is most intense in favorable weather conditions: enough sunlight, relatively strong winds. The consumer does not immediately use the amount of electricity produced during peak hours, so it enters the distribution networks, from which it is later “taken”.

According to the data of the electricity distribution networks (ESO), at the beginning of December this year, the number of generating consumers in Lithuania (excluding remote ones) slightly exceeded 14 thousand, and the number of remote generating consumers was about 4.4 thousand, and a total of 18.4 thousand.

The number of producing consumers in the country is constantly growing. In 2020, the number of producing consumers just exceeded 8.6 thousand, and the number of remote producing consumers was only 1.5 thousand, in total – 10.1 thousand.

“There is no doubt that the number of producing consumers will continue to grow rapidly. The year of the COVID-19 pandemic was 2020, when, due to global closures and ongoing uncertainty, it was, for the first time, the first time that all planned support for the installation of solar power plants had not been used up. The growth in the popularity of self-produced green electricity remains sustainable. All the more so as it is currently one of the most realistic tools to manage your electricity costs, ”notes D. Navarskaitė.

As the electricity storage fee decreases, the payback time of the solar power plant and the solar park also shortens. With state support, the solar power plant would now pay for itself in three years, and the investment in part of the solar park would take about four years.

According to the representative of Elektrum Lietuva, taking into account the context of record wholesale electricity prices, this is a really short payback period.

According to a representative survey of the Lithuanian population conducted by Spinter Research, in October, 14 percent. respondents said their electricity costs rose by more than 20 per cent, 41 per cent. recorded up to 20 percent. growth-oriented. Analogous to 2020 The results of the October survey were somewhat different. At that time, twice as many people spoke about the increased household expenses for electricity – 24 percent. More than 20 percent. observed a rise in prices of only 4%, up to 20%. – one fifth of respondents.

The average price in November of this year is 127.82 EUR / MWh, and in November last year it was three times lower – 41.19 EUR / MWh. December 7 The hourly price of electricity in Lithuania became an all-time record, rising to as much as 1,000 euros / MWh.

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