Bill > S0843

This bill modifies Rhode Island's net metering regulations to provide greater flexibility for property owners with eligible net-metering systems. Specifically, the bill removes previous restrictions that tied net-metering system eligibility to a three-year average annual energy consumption at the system's site. For systems over 25 kilowatts, the bill maintains some consumption-based limitations, while for systems 25 kilowatts or smaller, these restrictions are eliminated. The most significant change allows property owners with a master meter to allocate excess net-metering credits to any meter on their property that is either in the owner's name or lists the owner as the customer of record. Additionally, the bill adjusts how excess renewable net-metering credits are valued, changing from the previous "last resort service" rate to the ISO-New England energy clearing price for electricity generated beyond 100% of a customer's consumption. The legislation also provides an option for customers to cash out remaining credit balances after annual reconciliation, giving property owners more control and financial flexibility in managing their net-metering systems.

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