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Net Metering is a rate tariff rider available to customers that renewable generators such as solar, wind, or hydro power. These customers operate the generator in conjunction with usage from the electric company's electrical system.
It allows customers with Renewable Energy (RE) generating systems of 100 kW or less to export the electricity that they were not able to consume to the Distribution Utility (DU), such as Meralco, and its corresponding value will be given credits1 to the customer's monthly bill and generate savings in the process.
(A) Competitive retail electric service (CRES) providers shall not engage in unfair, misleading, deceptive, or unconscionable acts or practices related to, without limitation, the following activities: (1) Marketing, solicitation, or sale of a CRES. (2) Administration of contracts for CRES.
Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. For example, if a residential customer has a PV system on their roof, it may generate more electricity than the home uses during daylight hours.
Net metering is a billing arrangement between electricity providers and their customers that can help to reduce their electricity bills. Under net metering, customers can use renewable energy systems such as solar panels or wind turbines to generate their own electricity while connected to the electricity grid.
On July 22, 2021, the U.S. Attorney for the Southern District of Ohio announced that FirstEnergy would be fined $230 million for their part in the scandal. Vipal J. Patel, the acting U.S. Attorney, said that this was the largest criminal fine ever collected by the Southern District.