Loading chat...
NY A05530
Bill
Status
2/19/2021
Primary Sponsor
Steven Englebright
Click for details
AI Summary
-
Allows customer-generators to carry over excess electricity credits indefinitely instead of receiving payment at avoided cost rates at year-end, with accumulated credits usable against future charges when generation falls below consumption.
-
Gives customer-generators the option to either receive annual payment at avoided cost for excess electricity or elect to aggregate credits indefinitely for future use.
-
Requires electric corporations and the Long Island Power Authority to provide an accounting of aggregated credits once every five years and issue payment at avoided cost for any remaining credits upon request.
-
Applies the indefinite credit carryover provision to both Public Service Law Section 66-j (most customer-generators) and Section 66-l (wind generation customers).
-
Takes effect January 1st of the year following enactment.
Legislative Description
Provides that credits for excess electricity generated by customer-generators subject to net energy metering by an electric corporation or the Long Island power authority may be carried over indefinitely and used against any charges imposed by an electric corporation or the Long Island power authority when the customer-generator uses more electricity than such customer generates; provides for the accounting of credits once every 5 years and the electric corporation or Long Island power authority shall reimburse the customer-generator for the accumulated credits.
Last Action
referred to energy
1/5/2022