Private Generation Credit (Net Metering) FAQ

New York:

Once I generate my own electricity, can I get off the grid?

No, you’ll still be connected to us through the grid. That way, in the event that you need more electricity than you’re creating, we can automatically supply it to you. Likewise, if you create more electricity than you can use, that extra electricity could go into the grid, and you’ll get credit on your bill for it.

How do you know how much electricity I’m putting into and taking out of the electric system?

You’ll get a special meter called a net meter installed at your home. The meter measures how much electricity you use from the electric system if you don’t create enough and — if you create more than you can use — how much you feed into the system. The difference between the two is calculated and shown on your monthly bill as your Total Usage kWh.

How will I know if I’m making more electricity than I’m using?

If you’re making more power than you’re using, the Total Usage kWh on your bill will be shown as negative kilowatt-hours (kWh). On the flip side, if you’re using more power than you’re generating and need electricity from us, the Total Usage kWh will be shown as positive kWh.
 

When do I receive credit for the extra electricity my system generates?

We’ll keep tabs on your surplus electricity and it’ll appear every month on your bill. We’ll reconcile your surplus and give you a credit in dollars the month following your anniversary month. If your credit exceeds the bill amount, it’ll be subtracted from the next bill.
 

When is the anniversary month?

Your anniversary month is the month your net metering account was activated in our system. If you generate more power than you use, you’ll receive a credit on the bill following your anniversary month.

Can I change my anniversary month?

You may change your anniversary month at any time, and you may switch to any month of your choice, but only once. You can find your anniversary month on your bill under the Net Metering Summary section.

How do you determine the amount of my credit?

We use the New York Independent System Operator (NYISO) Day-Ahead Hourly Pricing when calculating your credit. We’ll multiply any extra kWh you have remaining (Net Meter Energy Credit) by the day-ahead hourly price. That dollar amount will be applied to your account as a credit.

Example: NYISO Day-Ahead Hourly Price = 2.3¢ per kWh
                Net Meter Energy Credit = 1,500 kWh
                Your Credit Amount = $34.50

What is the NYISO Day-Ahead Hourly Pricing?

This is the wholesale price of electricity that we would pay if we were to purchase electricity at that time.

Can I keep accumulating my credit year after year?

No. According to the N.Y.S PBS Law 66-J 4c, if there’s a kWh credit remaining at the anniversary month, we must provide a monetary credit to you at the wholesale price of electricity, and apply that credit to your bill the following month.

New Jersey:

Once I generate my own electricity, can I get off the grid?

No, you’ll still be connected to us through the grid. That way, in the event that you need more electricity than you’re creating, we can automatically supply it to you. Likewise, if you create more electricity than you can use, that extra electricity could go into the grid, and you’ll get credit on your bill for it.

How do you know how much electricity I’m putting into and taking out of the electric system?

You’ll get a special meter called a net meter installed at your home. The meter measures how much electricity you use from the electric system if you don’t create enough and — if you create more than you can use — how much you feed into the system. The difference between the two is calculated and shown on your monthly bill as your Total Usage kWh.

How will I know if I’m making more electricity than I’m using?

If you’re making more power than you’re using, the Total Usage kWh on your bill will be shown as negative kilowatt-hours (kWh). On the flip side, if you’re using more power than you’re generating and need electricity from us, the Total Usage kWh will be shown as positive kWh.

When do I receive credit for the extra electricity my system generates?

We’ll keep tabs on your surplus electricity and it’ll appear every month on your bill. We’ll reconcile your surplus and give you a credit in dollars the month following your annualized period (anniversary month). If your credit exceeds the bill amount, it’ll be subtracted from the next bill.

What is the annualized period?

The annualized period is a 12-month billing period of your choice. If you don’t choose your annualized period, we’ll default it to begin on the first full day of the month we activate your net metering account. If you have any kWh credits at the end of your annualized period (anniversary month), we’ll give you a monetary credit on the following bill. You can find out when your anniversary month is by looking on your bill under the Net Metering Summary section.

How do you determine the amount of my credit?

We use the Basic Generation Service Provider’s Avoided Cost of Wholesale Power when calculating your credit. We’ll multiply any extra kWh you have remaining (Net Meter Energy Credit) by this cost. That dollar amount will be applied to your account as a credit.

Example: Cost of Wholesale Power = 2.3¢ per kWh
                Net Meter Energy Credit = 1,500 kWh
                Your Credit Amount = $34.50

What is the Basic Generation Service Provider’s Avoided Cost of Wholesale Power?

This is the wholesale price of electricity we would pay if we were to purchase electricity at that time.

Can I keep accumulating my credit year after year?

No. According to the Board of Public Utility’s N.J.A.C. 14:8-4.3(e), if there’s a kWh credit remaining at the end of each annualized period, we must provide a monetary credit to you at the wholesale price of electricity, and apply that credit to your bill the following month.