Yesterday, the Virginia State Company Fee (SCC) issued a ruling that preserves present compensation guidelines for rooftop photo voltaic prospects who ship extra electrical energy again to the grid. The Fee rejected a proposal from Dominion Power that will have considerably diminished internet vitality metering (NEM) compensation charges for photo voltaic customers.
Web vitality metering is a system that enables owners and companies with rooftop photo voltaic panels to earn credit for surplus electrical energy they export to the grid. These credit can later be used to offset their electrical energy consumption, serving to decrease month-to-month payments and enhance the economics of putting in photo voltaic methods.On this case, the SCC determined to not approve Dominion Power’s request to decrease these compensation charges.
It additionally maintained the prevailing “vitality netting” construction, which permits photo voltaic prospects to hold ahead extra vitality credit for as much as one yr to offset future electrical energy utilization. As well as, the Fee denied the utility’s proposal to introduce greater utility charges for brand spanking new internet metering prospects.The Photo voltaic Power Industries Affiliation (SEIA) participated within the case and welcomed the choice.
Kevin Lucas, SEIA’s Vice President of Coverage Evaluation, acknowledged that honest internet metering insurance policies profit not solely photo voltaic prospects but additionally grid reliability, electrical energy affordability, and the broader clear vitality financial system. He added that rooftop photo voltaic supplies worth past particular person households by supporting the soundness of the general energy system and serving to scale back electrical energy prices.
In line with SEIA and Wooden Mackenzie’s newest Photo voltaic Market Perception report, Virginia at the moment has round 7.6 GW of put in photo voltaic capability, rating it ninth amongst all U.S. states. This capability is enough to energy greater than 850,000 houses.
The report additionally notes that over 64,000 houses in Virginia have already put in rooftop photo voltaic methods, reflecting regular adoption of distributed photo voltaic vitality within the state. The SCC’s ruling is seen as a continuation of supportive regulatory situations for rooftop photo voltaic in Virginia, making certain that current prospects proceed to obtain honest compensation for the clear vitality they contribute to the grid.
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