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NY S01553
Bill
Status
3/5/2025
Primary Sponsor
Kevin Parker
Click for details
AI Summary
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Allows customer-generators participating in net energy metering to carry over excess electricity credits indefinitely, rather than having credits paid out annually at avoided cost rates
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Gives customer-generators the option to either receive annual payment for excess electricity at avoided cost or aggregate credits over time to offset future bills when they consume more than they generate
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Credits accumulated under the indefinite carryover option are valued at the same retail rate per kilowatt hour charged to other customers in the same service class
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Entitles customer-generators who elect indefinite credit aggregation to an accounting of their credits once every five years, at which point they can receive payment at avoided cost for remaining credits
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Applies these net metering credit provisions to both electric corporations regulated under the Public Service Law and the Long Island Power Authority
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 AND TELECOMMUNICATIONS
1/7/2026