State OKs Retail Pricing For Energy Sell-Back
The state has set into motion a plan by which residents can be paid retail rates for selling excess electricity back to their electric companies.
The rules for the "model tariff" adopted by the state Department of Public Utilities Thursday fall under the practice of "net metering." Previously, net metering allowed electric utility customers that installed wind and solar power systems to sell excess electricity generated by those systems back to the utilities at wholesale rates.
Allowing customers to sell electricity to utilities at retail rates should encourage more utility customers to install alternative energy systems. DPU said the arrangement puts on-site renewable energy generation "on economic par" with electricity purchased from utilities.
In June, DPU adopted rules that allow customers who own wind turbines or solar installations that produce up to 2 megawatts of power to take advantage of net metering. The program was previously limited to customers that generated 60 kilowatts or less.
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