< Previous | Contents | Next >
Advantages:
♤ Net metering is a low-cost, easily administered method of encouraging customer investment in renewable energy technologies.
♤ It increases the value of the electricity produced by renewable generation and allows customers to "bank" their energy and use it a different time than it is produced, giving customers more flexibility and allowing them to maximize the value of their production.
♤ Providers may also benefit from net metering because when customers are producing electricity during peak periods, the system load factor is improved.
♤ The net metering is a necessary policy to boost the growth of renewable energy, the energy sovereignty and the energy self-production.
♤ Giving customers control over their electricity bills - Net metering allows utility customers to generate their own electricity cleanly and efficiently. During the day, most solar customers produce more electricity than they consume; net metering allows them to export that power to the grid and reduce their future electric bills.
♤ Net metering provides substantial economic benefits in terms of jobs, income and investment. (Jobs in renewable sector)
♤ Protecting the Electric Grid - By encouraging generation near the point of consumption, net metering also reduces the strain on distribution systems and prevents losses in long-distance electricity transmission and distribution.