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SB 674 - This act requires retail electric suppliers to make net metering available to customers who have their own electric generation units that meet certain criteria, one of which is that the unit is powered by renewable energy resources. Net metering is where the customer gets credit for the electricity he or she generates in lieu of electricity supplied by the electric utility. Net metering shall be made available to customers on a first-come, first-served basis until the total rated generating capacity of the net metering systems equals 5% of the utility’s single-hour peak load during the previous year. Customers involved in net metering shall not be assessed any additional fees or charges and shall receive the same electric rates as an equivalent non-net metering customer. The act describes how the net energy measurement shall be calculated and applied to the electric service billing. Customer-owned electric generation units must meet certain safety, performance, interconnection and reliability standards. Retail electric suppliers must respond to a request for net metering within 30 days of the receipt of the request. The Public Service Commission shall promulgate rules for the administration of this act. The rules shall require electric suppliers to use contract documents and an application process that is simple and easy to understand. Retail electric suppliers shall annually report to the Commission with regard to this act. ERIKA JAQUES
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