(a) The billing period for net metering may be either a monthly period, or with the written consent of the customer-generator, quarterly, semi-annual or annual period. (b) The net energy measurement must be calculated in the following manner: (1) The utility shall measure the net electricity produced or consumed during the billing period, in accordance with normal metering practices.
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(2) If the electricity supplied by the utility exceeds the electricity generated by the customer- generator which is fed back to the utility during the billing period, the customer-generator must be billed for the net electricity supplied by the utility. (3) If the electricity generated by the customer-generator which is fed back to the utility exceeds the electricity supplied by the utility during the billing period, the customer-generator is entitled to compensation for electricity provided to the utility during the billing period at a rate to be determined by the Public Utilities Commission. However, non-residential class customers with a customer- generator that exceeds one hundred (100) kilowatts in generating capacity shall not be entitled to compensation for any electricity provided to the utility under this Section. SOURCE: Added by P.L. 27-132:1 (Dec. 30, 2004). Subsection (b)(3) amended by P.L. 37-071:3 (Mar. 6, 2024.)