From 2024, Energy Sharing will Unlock New Roads to the Market for Rooftop Solar Power.
/BRUSSELS, 16 June 2023, 10:00 BST, Renewable Market Watch™/
The European Commission recently made energy sharing a key pillar of the electricity market reform. From 2024, energy sharing will unlock new roads to market for rooftop solar. While on-site solar is booming - 138 GW of solar was installed on Europe’s buildings in 2022 and the capacity should double by 2026 - the existing frameworks limit its financial and decarbonization potential. Individual self-consumption leaves limited options to market excess generation and it is not accessible to all consumers, such as renters and consumers in multi-apartment buildings. It’s unclear if the existing frameworks for collective actions, such as energy communities, will mobilise major parts of the EU population.
Energy sharing allows citizens to share self-generated electricity with their neighbours on a contractual basis. It offers:
- High returns for generators: Energy sharing allows owners to share excess energy with nearby consumers.
- Everybody can receive solar electricity as an off-taker, independent of housing conditions and they receive it at a price which is usually significantly lower than supplier prices.
- Energy sharing can reduce grid constraints: The price difference between shared electricity and supplier electricity will incentivise load shifting and, therefore, counteract grid congestion.
Discover how neighbours join forces to share solar energy, power their homes, and learn about community solar benefits and initiatives from here:
Europe Net Metering and Self-Consumption Solar Photovoltaic (PV) Market Outlook 2023 – 2032
To download the executive summary brochure with sample pages, please access from here: Europe Net Metering and Self-Consumption Solar Photovoltaic (PV) Market Outlook 2023 – 2032 - Sample
For a better understanding of the benefits of using our reports, you may read here: Benefit List - Reports of Renewable Market Watch - 2023
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