Solar Lattice

Concept

Net billing

ID
concept:net-billing
IRI
https://solarlattice.org/kb/concept/net-billing
Status
active
Also known as
NEM 3.0, net billing tariff, NBT
Category
Market
Concept kind
market

The same rule defines Net Energy Metering (NEM) as a separate term under earlier statute sections. NEM-1 and NEM-2 refer to interconnection requests filed under specific NEM schedules. Under traditional net metering, PV energy that is not used on site goes to the grid and earns a credit on the owner's bill, so the owner pays only for net consumption. The most common net metering approach gives one-for-one kilowatt-hour credit, and an annual true-up compares total consumption with total generation. For these arrangements, the utility revenue meter is a bidirectional recording meter that must meet both the tariff and the billing rate requirements.

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