Most residential and small business net metering customers are eligible for the time-of-use rate. If you can shift usage – such as doing laundry – to off-peak hours, you could save money. On- and off-peak usage applies to your bank, too.
With a time-of-use plan, you could potentially save by generating renewable energy during peak hours.
Summer (6/1-11/30): 2-6 p.m. weekdays except select holidays*
Winter (12/1-5/31): 4-8 p.m. weekdays except select holidays*
10.129 cents for residential customers
8.491 cents for business customers
All other hours on weekdays
Weekends and select holidays*
7.028 cents for residential customers
5.710 for business customers
* New Year’s Day, Presidents Day, Good Friday, Memorial Day, July Fourth, Labor Day, Thanksgiving Day, Day after Thanksgiving, Christmas Eve and Christmas Day.
What is a net metering bank?
When net metering customers generate more electricity than they use, the excess generation is stored in a “bank.” This bank can then be used to offset future bills for those customers.
Net metering customers with excess generation will be paid at the on- and off-peak rates at the time the usage was added to the bank.
How is my bank used?
Step 1: Usage and generation totaled
For a bill period, we total your usage and generation separately by each season’s on- and off-peak periods.
If you generated more than you used for both the on- and off-peak periods, we’ll add these amounts to your bank. You won’t be billed for usage, but you’ll still receive a bill for basic service.
If you used more than you generated, we move to Step 2.
Step 2: Current bill’s generation applied to current bill’s usage
In the same bill cycle, you may have usage to offset in one season or time period, and excess generation in another.
If this is the case, we use your excess generation first to offset any usage you would be billed for.
Step 3: Bank applied to current bill’s usage
If you still have usage you would be billed for, we pull any existing or previously banked hours to offset your bill. Banked hours are used chronologically. For example, June’s off-peak hours would be used first, then June’s on-peak hours.
You will be billed for any kilowatt-hours used above your banked amount.