“The only winners here are big utilities” – Solar industry reacts to CPUC VNEM changes
The California Public Utilities Commission yesterday (16th November) voted to approve a ‘proposed decision’ changing the state’s virtual net energy metering (VNEM) scheme for multiple-meter properties and small businesses like schools, farms, apartment blocks and shopping centres.
The now-approved VNEM proposal reduces the compensation paid to building owners and tenants for excess power produced by a rooftop solar system, by requiring them to buy their own electricity back from the grid at retail prices set by utility companies.
Ahead of the vote, the CPUC proposal was changed to allow net metering for multi-meter residential properties like apartment blocks. However, communal areas like EV charging stations, hallways and gyms are exempt, which raises questions over the financial incentives for building owners to install solar.
Click here to read the full article
Source: PV Tech
—
If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.
Leave a Reply
Want to join the discussion?Feel free to contribute!