A Member-generator will receive one Excess Energy Credit from VEA for each kilowatt-hour (kWh) of excess energy generated by the Member-generator’s Net-metering System. The Excess Energy Credit is seventy-five percent (75 percent) of the Retail Rate of which the Member-generator pays VEA for delivered energy.
This credit can be applied to energy offset only. Any remaining Excess Energy Credits available at the end of the current billing period will be carried forward to the next billing period until September. At this time, any remaining Excess Energy Credits will be forfeited to VEA. For further details on the Excess Energy Credit or “Grandfathered” generation accounts, please view the current Net Metering Policy (PDF).