The California Public Utilities Commission has just released a draft decision to revise California’s net energy metering tariff. This is a move intended to improve pricing by aligning energy prices with the electric grid’s capabilities around the clock. While this may sound like a move to raise energy prices during peak load hours, it could instead have many more results, including incentivizing the adoption of solar energy.
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What is the California NEM 3.0 tariff?
The proposed NEM 3.0 tariff’s billing structure would be updated to optimize grid use by customers. In order to meet the state of California’s climate goals while improving the reliability of a fragile and overloaded grid, this change would incentivize consumers to create and store their own solar power and take the load off the grid at peak use times. It would also…