Section 66-1266 - [Effective 7/1/2024] Same; excess energy generated by customer-generator; calculation; requirements; expiration of credit(a) Prior to January 1, 2030, for any customer-generator that began operating a renewable energy resource under an interconnect agreement with the utility prior to July 1, 2014:(1) If the electricity supplied by the utility exceeds the electricity exported by the customer-generator during a billing period, the customer-generator shall be billed for the net electricity supplied by the utility in accordance with normal practices for customers in the same rate class.(2) If such customer-generator exports electricity in excess of the electricity supplied by the utility, all such net excess generation, expressed in kilowatt-hours, shall be carried forward from month-to-month and credited at a ratio of one-to-one against the electricity supplied by the utility, expressed in kilowatt-hours, in subsequent months.(3) Any interconnect agreement between such customer-generator and a utility and all such net excess generation exported under such agreement shall be transferable and continue in place until January 1, 2030, regardless of whether there is a change in ownership of the property where the renewable energy resource is located.(4) Any net excess generation exported from renewable energy resources that are installed on and after July 1, 2014, but are part of an installation of a renewable energy resource that was operating prior to July 1, 2014, shall be carried forward and credited to the customer as if such resources had begun operation prior to July 1, 2014.(5) Any net excess generation credit remaining in a net-metering customer's account on March 31 of each year shall expire.(b) For any customer-generator that began operating a renewable energy resource under an interconnect agreement with the utility on and after July 1, 2014: (1) If the electricity supplied by the utility exceeds the electricity exported by the customer-generator during a billing period, the customer-generator shall be billed for the net electricity supplied by the utility.(2) If such customer-generator exports electricity in excess of the electricity supplied by the utility, all such net excess generation remaining in such customer-generator's account at the end of each billing period shall be credited to the customer at a rate of at least 100% of the utility's monthly system average cost of energy per kilowatt hour.(c) Except as otherwise provided in subsection (d), on and after January 1, 2030, for all customer-generators, regardless of when such customer-generators entered into an interconnect agreement with the utility:(1) If the electricity supplied by the utility exceeds the electricity exported by the customer-generator during a billing period, the customer-generator shall be billed for the net electricity supplied by the utility; and(2) if such customer-generator exports electricity in excess of the electricity supplied by the utility, all such net excess generation remaining in a customer-generator's account at the end of each billing period shall be credited to the customer at a rate of at least 100% of the utility's monthly system average cost of energy per kilowatt hour.(d) For any customer-generator that began operating a renewable energy resource under an interconnect agreement with the utility on and after July 1, 2024, and receives service on an optional time-varying rate:(1) The utility shall measure the net electrical energy exported or supplied during the billing period for each of the time of use periods established by the applicable time-varying rate schedule that applies to the customer-generator's rate class in accordance with normal metering practices for customers that take service on time-varying rates in that same rate class;(2) electricity supplied by the utility shall be netted against the electricity exported by the customer-generator during each applicable time of use period;(3) if the electricity supplied by the utility exceeds the electricity exported by the customer-generator during any time of use period, the customer-generator shall be billed for the net electricity supplied by the utility in each such time of use period as well as all other charges as such charges are applied to non-customer-generators in the same rate class; and(4) if the electricity exported by the customer-generator exceeds the electricity supplied by the utility during any time of use period, the customer-generator shall be credited at a rate of at least 100% of the utility's monthly system average cost of energy per kilowatt hour, with any net credit, and net of all other charges as such charges are applied to non-customer-generators in the same rate class, applied to the next billing period.Amended by L. 2024, ch. 60,§ 7, eff. 7/1/2024.Amended by L. 2014, ch. 68,§ 3, eff. 7/1/2014. L. 2009, ch. 141, § 11; May 28.This section is set out more than once due to postponed, multiple, or conflicting amendments.