New Jersey Administrative Code
Title 14 - PUBLIC UTILITIES
Chapter 8 - RENEWABLE ENERGY AND ENERGY EFFICIENCY
Subchapter 7 - AGGREGATED NET METERING
Section 14:8-7.3 - Aggregated net metering general provisions
Current through Register Vol. 56, No. 24, December 18, 2024
(a) All electric distribution companies (EDCs) shall, and suppliers may, offer aggregated net metering to eligible customers that operate a solar electric power generation system, provided that the following criteria are met:
(b) All of the customer qualified facilities combined for the purpose of net metering aggregation must be:
(c) The EDC shall develop a tariff providing for aggregated net metering.
(d) If, in a given monthly period, an eligible customer supplies more electricity to the electric distribution system than the EDC or supplier delivers to the host site, the EDC or supplier shall credit the eligible customer for the excess up to the amount of energy consumed at the host site meter, if any. To do this, the EDC or supplier shall reduce the eligible customer's bill for the next monthly billing period to compensate for the excess electricity from the eligible customer in the previous billing period. Such credit shall not exceed the amount of energy consumed at the host site meter, if any, during the previous billing period.
(e) The EDC or supplier shall carry over credit earned under (d) above from monthly billing period to monthly billing period, and the credit shall accumulate until the end of the eligible customer's annualized period.
(f) At the end of the eligible customer's annualized period, the EDC or supplier shall compensate the eligible customer for any excess kilowatt hours generated, at the electric power supplier's or basic generation service provider's avoided cost of wholesale power, as defined at N.J.A.C. 14:8-4.2, or the PJM electric power pool real-time locational marginal pricing rate. Excess kilowatt hours, if any, shall be calculated by comparing the generation of the solar electric generation system with the combined energy usage at the qualified facilities over the annualized period.
(g) The EDC or supplier shall offer each eligible customer one opportunity to select an annualized period in accordance with the provisions of N.J.A.C. 14:8-4.3.
(h) An eligible customer that installs a solar electric generation system owns the renewable attributes of the electricity it generates unless there is a contract with an express provision that assigns ownership of the renewable attributes. The eligible customer may trade or sell the attributes to another person, or may use the attributes as the basis for an application for one or more SRECs.