Net Billing Model
Net Billing Terms
If you are a prosumer who has chosen the net billing model, the amount of electricity you supplied to the grid will be valued every 15 minutes based on the “Nord Pool” market price and the supplier’s margin.
The calculated amount will be used to cover your electricity supply bill. If the calculated amount exceeds the supply bill, the income received from the sale of electricity will be save din your account until the end of the settlement accumulation period.
At the end of the accumulation period, when changing your independent electricity supplier, selling your power plant, or ceasing electricity generation activities, you may also submit a request to have the accumulated funds paid out to your personal bank account.
5 Easy Steps to Start Earning with Net Billing
1
Become a prosumer.
2
Choose an electricity supply plan and sign a contract.
3
Inform your supplier that you would like to use the net billing model.
4
Sign an electricity purchase agreement.
5
Start earning from the surplus electricity you export to the grid.