California’s utility regulators on Thursday unanimously approved a plan that reduces the amount utilities pay households to install new rooftop solar panels and send energy back to the grid.
What changed the policy that the California Public Utilities Commission proposed last month? so-called “network metering” to provide less credit to solar owners for excess energy than what utilities would pay for other clean energy sources.
The plan also provides credits for solar systems that are attached to battery storage, giving households a reserve of excess energy when demand is low during the day. The battery will send electricity to the grid when the sun goes down and demand is higher.
“The tariff’s updated payment structure is designed to optimize grid use by customers in the tariff and encourage the adoption of a combined solar and storage system,” according to the report. a decision by the commission’s administrative law judge. “These changes will help meet California’s climate goals and increase reliability, while promoting affordability at all income levels.”
Relevant codes include (NASDAQ:RUN), (NASDAQ:SPWR), (NYSEARCA:NEW), (NASDAQ:FSLR) (NYSE:NOVA), (NASDAQ:ENPH), (NYSE:PCG), (NYSE:EIX), (NYSE:SRE), (NASDAQ:HUGE), (NASDAQ:CSIQ), (NASDAQ:FTCI), (NASDAQ:MAXIMUM), (NASDAQ:SEDG) and (NASDAQ:SHLS)
