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Net Metering – Frequently Asked Questions
What is Net Metering?
Net Metering is a program that allows eligible customers with approved generation facilities to reduce their net energy cost. This is accomplished by measuring the quantity of electricity you use against the quantity of electricity you generate. Excess generation will be considered credits that can be carried forward for up to 12 months, to offset future electricity costs.
Benefits of Net Metering?
Net Metering allows the customer to lower their electricity bill while protecting the environment.
Net Metering also allows you to generate electricity without the need to purchase expensive batteries or a backup generator.
How will my bill be calculated?
Customers participating in the Net Metering program will have the net energy charge on their hydro bill adjusted according to the Net Metering Regulation. We will continue to read your meter as we do now. For bills based on actual meter readings, the bill you see will reflect the difference between the value of the electricity you inject to the grid and the value of electricity you consume from the grid. Essentially, the customer will receive a credit or an adjustment on their monthly hydro bill for the energy exported onto the utility's grid up to, but not exceeding the value of the energy consumed from the utility's grid.
If Net Metering customers export more power than they import during a billing period, their excess credit is carried over into their next billing period. Excess energy credits from successive billing periods can be carried-over up to a maximum of 12 months. Based on the billing cycle, Collus PowerStream will determine the Account Clearing Month at which time all unused energy credits will be reduced to $0.00.
For HST purposes, the supply of energy to the customer and the exporting of energy on to the utility's grid are considered to be separate supplies. As a result, the customer will be charged HST based on the gross supply of electricity rather than the net supply.
What type(s) of generation qualifies?
Any combination of renewable wind, water, solar or agricultural biomass with a total nameplate rating of 500 KW or less.
What is the average size of a residential Net Metering generation system?
Residential Net Metering generation systems usually produce between 1-4 KW of power.
Can I apply for Net Metering?
Yes, if you are currently a customer of Collus PowerStream and plan to install a Net Metering generator to primarily offset your own consumption.
Customers must meet all the following conditions to participate in Collus PowerStream’s Net Metering Program:
- The electricity is primarily generated for the customer’s own use.
- The electricity generated is conveyed to the customer's own consumption point without reliance on the Collus PowerStream’s distribution system.
- The maximum cumulative output capacity of the generator does not exceed 500kW.
- The customer generates the electricity solely from a renewable energy source.
- The customer’s location must be approved by Collus PowerStream to have the capacity for a new net metering generator.
What are the Steps to get connected?
If you are interested in participating in the Net Metering program, please fill out and submit Collus PowerStream’s online renewable generation form. A Collus PowerStream representative will provide you with the necessary forms to begin the Net Metering process.
What is an interval meter?
An interval meter is a meter that measures and records the net electricity that a customer uses on a time interval basis.
Where can I find more information about Net Metering?
You can call the Ministry of Energy at 1-888-668-4636 or visit their website at www.mei.gov.on.ca