Bill > S0890

This bill changes how excess renewable net-metering credits are calculated and compensated for renewable energy systems in Rhode Island. Specifically, the bill modifies the existing net-metering law by replacing the current method of crediting excess energy production (previously calculated using the electric distribution company's "avoided cost rate") with a new method that uses the wholesale rate. An "excess renewable net-metering credit" is defined as the portion of energy production that is beyond 100% and up to 125% of the customer's own electricity consumption. This means that when a renewable energy system (like a solar panel installation) generates more electricity than the owner uses during a billing period, the extra energy will now be credited at the wholesale electricity rate instead of the previous method. The change aims to adjust how distributed renewable energy generation is valued and compensated, potentially making net-metering less financially attractive for some renewable energy system owners. The bill provides no phase-in period and will take effect immediately upon passage, applying to all eligible net-metering systems in the state.

Agriculture and Natural Resources

https://status.rilegislature.gov/