The CPUC recently released its revised Proposed Decision (PD) on the state’s “NEM-3” successor net metering tariff, establishing an entirely new “Net Billing” tariff framework. The new methodology reduces the value of exported energy by roughly 75% compared to NEM-2 levels and completely decouples the value of imports from exports. This will considerably erode the value of solar-only projects and create a strong price signal for pairing energy storage with solar.
The ETB product and engineering teams have refactored our backend savings engine to precisely account for ACC hourly export values. This will enable users to precisely model the value of exports, total bill savings, and the overall project economics of any NEM-3 project. We will demo this new functionality. Additionally, we will share all of our latest insights on how the new NEM-3 tariff will affect the economics of solar and storage projects. We will review residential and commercial scenarios in all 3 IOU territories.
- Review results for real-world residential and commercial NEM-3 projects.
- Summarize the economics of (1) standalone solar, (2) solar + storage, and (3) standalone storage projects.
-Discuss the impact of instantaneous netting.
-How to account for ACC Plus glidepath adders.
-Discuss implications for V-NEM and NEM-A projects.
-Overview ETB’s best practices for clearly communicating the mechanics and savings of NEM-3 projects to end customers.
-We will unveil our newly designed NEM-3-specific proposal document template.
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