A Net Metering program reads your bi-directional meter hourly.
It measures the electricity you generate and use within your home/business. The kilowatt hours generated and sent back to the grid in a monthly billing period are applied against your electricity usage as a net metering credit. If you generate more electricity than you use, you are only credited for the kilowatt hours you consumed that month. The excess credit is stored for up to 12 months to be applied against future usage.
After 12 months, any credit banked cannot be transferred, redeemed for cash or used as payment for other services.
You’ll receive two monthly statements: one for your home/business and one for your Net Metering account. Your monthly credit is calculated based on the same price plan you’ve selected for your home/business. You can select your preferred rate plan: Time-of-Use, Ultra Low Time-of-Use or Tiered Pricing. You can access your ‘My Account’ to compare price plans and select a plan that best suits your household needs.
Net metering customers are still subject to service charges on their electricity bills. View a breakdown of our commercial/residential rates to see what rates are kilowatt-based and which ones are monthly fixed charges (not eligible for credit), on the Rates page.