New Jersey Administrative Code › Title 14 - PUBLIC UTILITIES › Chapter 8 - RENEWABLE ENERGY AND ENERGY EFFICIENCY › Subchapter 4 - NET METERING FOR CLASS I RENEWABLE ENERGY SYSTEMS › Section 14:8-4.3 - Net metering general provisions, annualized period selection

Current through Register Vol. 56, No. 14, July 15, 2024
(a) All electric
				distribution companies (EDCs) and supplier/providers, as defined at
				14:4-1.2 and
				14:8-1.2, respectively, shall
				offer net metering to their customers that generate electricity on the
				customer's side of the meter, using class I renewable energy sources, provided
				that the generating capacity of the customer-generator's facility does not
				exceed the amount of electricity supplied by the electric power supplier or
				basic generation service provider to the customer over an historical 12-month
				period that the customer-generator selects in accordance with this
				section.
(b) The EDC shall develop
				a tariff providing for net metering. Each supplier/provider and EDC shall make
				net metering available to eligible customer-generators on a first-come,
				first-served basis.
(c) If, in a
				given monthly billing period, a customer-generator supplies more electricity to
				the electric distribution system than the EDC or supplier/provider delivers to
				the customer-generator, the EDC and supplier/provider shall credit the
				customer-generator for the excess. To do this, the EDC or supplier/provider
				shall reduce the customer-generator's bill for the next monthly billing period
				to compensate for the excess electricity from the customer-generator in the
				previous billing period.
(d) The
				EDC and supplier/provider shall carry over credit earned under (c) above from
				monthly billing period to monthly billing period, and the credit shall
				accumulate until the end of the customer-generator's annualized
				period.
(e) At the end of a
				customer-generator's annualized period, the supplier/provider shall compensate
				the customer-generator for any excess kilowatt hours generated, at the electric
				power supplier's or basic generation service provider's avoided cost of
				wholesale power, as defined at
				14:8-4.2.
(f) The EDC or supplier/provider shall offer
				each customer-generator one opportunity to select a monthly billing period as
				the start of the customer-generator's annualized period.
(g) A customer-generator may submit its
				annualized period selection to the EDC or supplier/provider at any time.
				However, an EDC or supplier/provider is not required to accept a
				customer-generator selection of an annualized period that begins before the
				first full day of the first monthly billing period after the submittal of the
				selection.
(h) If a
				customer-generator begins net metering after March 2, 2009, and does not submit
				an annualized period selection, the EDC or supplier/provider shall assign the
				customer-generator a default annualized period until such time as the
				customer-generator may choose to submit an annualized period selection. The
				default annualized period shall begin on the first full day of the first
				monthly billing period after the customer-generator's facility is
				interconnected and generating electricity.
(i) If any customer-generator has been net
				metering for one monthly billing period or more before it submits its
				annualized period selection, the following shall apply:
1. If the customer-generator has been net
				metering for more than 12 monthly billing periods, the time between the
				selection submittal and the end of the customer-generator's most recently ended
				annualized period shall be treated as one annualized period; and
2. If the customer-generator has been net
				metering for fewer than 12 monthly billing periods, the time between the
				selection submittal and the first day of the first full monthly billing period
				after the customer-generator's facility is interconnected and generating
				electricity shall be treated as one annualized period.