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NY S04304
Bill
Status
4/25/2023
Primary Sponsor
Kevin Parker
Click for details
AI Summary
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Allows customer-generators to elect indefinite aggregation of excess electricity credits rather than receiving annual payment at avoided cost rates.
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Credits from excess electricity generation carry over indefinitely and offset charges when customer usage exceeds generation in future billing periods.
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Requires electric corporations and Long Island Power Authority to provide accounting of aggregated credits once every five years and reimburse customers at avoided cost for remaining credits.
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Applies net energy metering credit provisions to both Public Service Law sections 66-j (general electric corporations) and 66-l (Long Island Power Authority).
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Takes effect January 1st following enactment into law.
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
3/28/2024