DE SB54

Extends the effective date for net metering provisions to May 31, 2023 for commission-regulated utilities, allowing them to continue making payments for annual excess kilowatt-hour (kWh) credits until that date.

Establishes that effective January 1, 2024, excess kWh credits for commission-regulated utility customers shall be valued at the sum of volumetric supply and distribution service charges, excluding societal benefits program charges.

Clarifies that excess kWh credits do not reduce fixed monthly customer charges and that customer-generators retain ownership of renewable energy credits (RECs) unless contractually relinquished.

Defines "societal benefits programs" to include the Green Energy Fund, Low Income Fund, renewable energy portfolio standard compliance costs, qualified fuel cell charges, and energy efficiency programs.

Maintains existing net metering capacity limits: 25 kW for residential customers, up to 100 kW for farm customers (with potential waivers), and 2 megawatts for nonresidential DP&L customers or 500 kW for DEC and municipal electric company customers.