Net Metering – New Jersey

Date: 16 Jan 2009 | posted in: Energy | 1 Facebooktwittergoogle_plusredditpinterestmail

The New Jersey legislature required net metering in 1999 as part of the Electric Discount and Energy Competition Act. In 2004, net metering provisions were revised by the New Jersey Board of Public Utilities. In 2007, an order by the NJ Board of Public Utilities will result in further changes to net metering rules by mid 2008.

Theoriginal net metering policy applied only to photovoltaics and wind generation, but now the option is available to all "Class I" renewable energy technologies – including solar technologies, wind, fuel cells, geothermal technologies, wave or tidal action, and methane gas from landfills or a biomass facility (provided that the biomass is cultivated and harvested in a sustainable manner).

The new rules increase the maximum capacity for net metered, renewable energy systems to 2MW from 100 kW.

Netexcess generation at the end of the year is compensated at a rate equal to the supplier/provider’s avoided cost of wholesale power.

Customers eligible for net metering own the renewable-energy credits (RECs) associated with the electricity they generate.

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