Nevada Administrative Code
Chapter 704 - Regulation of Public Utilities Generally
ELECTRIC SERVICE
System of Portfolio Energy Credits
Section 704.8927 - Measurement of applicable energy; certification and allocation of credits
Current through September 16, 2024
1. Except as otherwise provided in NAC 704.8893, electricity generated by a renewable energy system which is authorized to participate in the system of portfolio energy credits must be metered and the renewable energy system shall submit meter readings quarterly to the Commission.
2. Except as otherwise provided in subsections 3 to 13, inclusive, the Administrator shall certify portfolio energy credits to a portfolio energy system or efficiency measure for:
Unless otherwise provided for in a contract for renewable energy, the portfolio energy credits certified by the Administrator pursuant to paragraphs (b) and (c) must be awarded to the owner of the renewable energy system.
3. The Administrator shall certify portfolio energy credits for the line loss factor of:
4. For a solar energy system, as defined in NRS 701B.150, placed into operation on or before December 31, 2015, the Administrator shall certify portfolio energy credits for participants in the Solar Energy Systems Incentive Program created in NRS 701B.240 by multiplying the actual kilowatt-hours produced by the solar renewable energy system by a factor of 2.4.
5. For a solar photovoltaic system, as described in NRS 704.7822, placed into operation on or before December 31, 2015, the Administrator shall certify portfolio energy credits by multiplying the actual kilowatt-hours produced by the solar renewable energy system by a factor of 2.4.
6. The Administrator shall certify portfolio energy credits for a system that uses a reverse polymerization process described in NRS 704.7823 by multiplying the actual kilowatt-hours produced by the renewable energy system by a factor of 0.7.
7. The Administrator shall certify portfolio energy credits for electricity saved by a provider during its peak load periods, as defined in the applicable approved tariffs, from energy efficiency measures described in NRS 704.7802, by multiplying each kilowatt-hour of electricity saved by the provider during its peak load period from energy efficiency measures by a factor of 2.0.
8. A solar thermal energy system may use a thermal energy meter to measure the amount of energy generated by the system. The system will be credited with 1 kilowatt-hour of electricity generated for each 3,412 British thermal units of heat generated by the solar thermal energy system.
9. Except as otherwise provided in this subsection, the energy, measured in British thermal units, generated by a geothermal energy system providing heated water to one or more customers must be calculated as (F x T) x 500, less the system losses as calculated by a professional engineer and accepted by the Administrator, where:
For heat exchangers used by end-use customers, it is assumed that no system losses occur, and no calculation of system losses by a professional engineer is required.
10. A net metering system will be credited annually with portfolio energy credits based upon the amount of metered electricity generated by the system or, if metering is not used, upon an estimate of the electricity generated by the net metering system by using the method of calculation designated by the Regulatory Operations Staff of the Commission for a solar energy system which does not use a meter to measure the generation of electricity of the system.
11. The portfolio energy credits generated by a net metering system must be assigned to the owner of the net metering system, unless the provisions of paragraph (a) of subsection 3 of NRS 704.775 apply, or another allocation of the portfolio energy credits is provided for in a written agreement between the utility provider and the owner of the net metering system.
12. If the Administrator is required by subsections 4 to 7, inclusive, to apply a multiplier in certifying portfolio energy credits for a portfolio energy system or efficiency measure and he or she determines that more than one multiplier may be applicable to the portfolio energy system or efficiency measure, the Administrator shall only apply the largest applicable multiplier in certifying the portfolio energy credits.
13. The Administrator shall certify portfolio energy credits for electricity saved from energy efficiency measures only for the period during which a provider may use energy efficiency measures to comply with its portfolio standard in accordance with NRS 704.7821 or 704.78213.
14. For the purposes of:
15. As used in this section:
Added to NAC by Pub. Utilities Comm'n by R115-03, eff. 2-18-2004; A by R210-03, 5-21-2004; R167-05, 2-23-2006; R104-07, 1-30-2008; R175-07, 4-17-2008; R198-09, 1-13-2011; A by R053-15, eff. 12/21/2015; A by R027-20A, eff. 10/9/2021
NRS 703.025, 704.210, 704.7821 and 704.7828