During the 2015 Nevada Legislature session, Senate Bill 374 directed the Public Utility Commission of Nevada (PUCN) to examine the rates of participants of net energy metering. On July 31, 2015 NV Energy filed an application for approval of a cost of service study and Net Energy Metering (NEM) tariffs. The PUCN docket number for this petition was 15-07041 & 15-07042.
Net energy metering allows ratepayers to receive a credit on their bills for excess electricity generated by their renewable energy system and returned to the electrical grid.
On December 22, 2015 the Public Utility Commission of Nevada (PUCN) ruled on this petition changing the rate class for all Nevada NEM ratepayers. The PUCN has seven days to come out with the details to this ruling. The ruling will have an incremental implementation of new rates over the next four years.
See PUCN press release: http://pucweb1.state.nv.us/PDF/AXImages/PRESS_RELEASES/300.pdf
Bombard Renewable Energy has been actively representing Nevada ratepayers who wish to participate in net energy metering both at the legislature and at the PUCN. Bombard Renewable Energy was the only Nevada State solar contractor representative at the PUCN hearings. We were one of only a handful of entities with an intervener status. Here are some of the changes.
- The 3 percent net-metering cap has been eliminated
- NEM ratepayers can move to a time-of-use rate schedule
- Separate ratepayer class for residential and small commercial NEM
- Excess energy produced through net energy metering will be compensated at wholesale rates
- The PUCN now can make changes in the future without legislation
- Incremental implementation of new rates over the next four years
When the PUCN orders are released, Bombard Renewable Energy and staff will review the orders to get a better understanding of how it impacts net energy metering ratepayers. This notice and updates will be provided here on our website.