Net metering

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Net metering

A method of crediting customers for electricity that they generate onsite in excess of their own electricity consumption. If customers generate more than they use in a billing period, their electric meter turns backwards to indicate their net excess generation. Depending on individual state or utility rules, the net excess generation may be credited to their account, or carried over to a future billing period.
References in periodicals archive ?
A net meter tracks both the electricity consumed and the electricity generated by the on-site solar system.
Customers who choose not to net meter may elect to sign a power purchase agreement with the company.
A graph of net benefit Vs the net meter tariff (Fig 3) depicts earnings from the system at a cost of electricity above Rs 12.
In that situation, the cooperative could agree to adopt a limited net metering program restricted to that number of small units, and could decline to net meter any larger number of generators or any larger generators.
The new net metering tariffs approved in 2020 would apply to new customers who elect to net meter after Jan.