Bill > H5580

This bill modifies Rhode Island's net metering regulations to prohibit utility companies from limiting the eligibility of net metering sites based on prior energy consumption for small-scale systems with a nameplate capacity of 25 kilowatts (25 kW) or less. The legislation changes how excess energy credits are calculated and valued, specifically for systems larger than 25 kW, by limiting excess credits to 125% of the system's consumption. For smaller systems (25 kW or less), all excess energy production can generate credits, and customers will have the option to cash out remaining credits after an annual reconciliation. The bill also updates the definition of "excess renewable net-metering credit" to use the ISO-New England energy clearing price for valuing excess energy, instead of the previous avoided cost rate. Additionally, the legislation introduces more flexibility for net metering systems, particularly for small-scale and residential installations, by removing consumption-based restrictions and providing clearer guidelines for credit allocation and valuation. The changes aim to make net metering more accessible and financially beneficial for consumers, especially those with smaller renewable energy systems.

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