Benefits of generating your own energy
Net Metering can help you save money on your power bill and benefit the environment through renewable energy. You'll receive credits based on the amount of electricity you provide back to the electricity grid and those credits will show up on your monthly electricity bill. Net Metering also allows you to generate electricity without the need to purchase expensive batteries or a backup generator.
Your monthly bill
By participating in the Net Metering Program, you will have the net energy charge on your electricity bill adjusted according to the Net Metering Regulation. We will continue to read your meter as we do now.
Bills based on actual meter readings will reflect the difference between the value of the electricity you inject into the grid compared to the value of electricity you consume from the grid.
If you generate more power than you use during a billing period, you will receive a credit that is carried over to the next billing period. Excess generation will be considered credits that can be carried forward for up to 12 months to offset future electricity costs.
Based on the billing cycle, we'll determine the Account Clearing Month, at which time all unused energy credits will be reduced to $0.
For HST purposes, the supply of energy to the customer and the exporting of energy onto the grid are considered to be separate supplies. As a result, you will be charged HST based on the gross supply of electricity rather than the net supply.