Net Metering

What is net metering?

Net metering is now available to our VEA members who own and operate a facility that generates electricity from renewable sources such as hydro, wind or solar in the coming months.

Net metering facilities are intended to offset or meet all of your own electrical requirements.

Net metering measures the difference between the electricity you buy from VEA and the electricity you generate using your renewable generating equipment.

It provides for customer-generators to be credited at the applicable rate including the power cost adjustment in kilowatt-hours (kWh) at the ratio of 1:1 for any excess production of the generating facility that exceeds the customer-generator's on-site consumption of kWh in the billing period following the billing period of excess production.

The Board of Directors approved the proposed Net Metering Policy at their April Board of Directors Meeting.

If you are interested in more information, please contact our main office.