Greece Approves Net Metering, Levy on Profit of Renewable Energy

Greece has approved a renewable-energy bill to introduce net metering to support residential-scale projects, as well as a new levy on electricity producers.

Net metering, giving households credits for passing on unused solar or wind power they generate to the grid, applies to photovoltaic installations of less than 10 kilowatts and small wind turbines, according to the Parliament’s website.

The system has driven expansion in small-solar projects in nations including the U.S. and encouraged consumers to generate their own power. Greece is adopting the program after placing curbs on industry growth in the past year by cutting subsidies, taxing revenue ...