Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. For example, if a residential customer has a PV system on the home's rooftop, it may generate more electricity than the home uses during daylight hours.
It allows residential and commercial customers who generate their own electricity from solar power to feed electricity they do not use back into the grid.
It makes residential solar energy system ownership even more attractive and affordable for many families.
It can save homeowners hundreds more dollars per year on their utility bills, and it makes the process of accounting for the energy fl owing to and from the utility simpler and easier to administer.
The benefits come mostly from generating electricity near the point of use, which in turn reduces strain on the grid's distribution infrastructure and minimizes energy loss from sending voltage over long distances.
If the generated units of electricity using the solar panels fixed on houses/premises are greater than the amount consumed, the customer will be paid Rs.22.00 per unit during the first 07 years and from the 8th year onward he will be paid Rs.15.50 per unit by the Electricity Board.
If the consumption is greater than the generated units, the consumer has to pay at the existing electricity tariff for the excess electricity consumed.
This involves getting paid for the amount of electricity generated using the solar panels fixed on the premises.
Unlike the net metering method there is no linkage in-between the electricity consumption of the customer and the electricity generation.
The customer has to pay for the electricity consumed according to the existing tariff whilst the Electricity Board will pay for the total amount of electricity the customer generates.
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