New York replaces solar net metering with new distributed energy value rates

SNL Financial

New York regulators have taken the first steps to replace net metering compensation for solar energy with a more accurate “value of distributed energy” following a lengthy stakeholder process.

The New York Public Service Commission unanimously adopted March 9 the first phase of its Value of Distributed Energy Resources order, which immediately institutes a new rate structure for compensating solar and other distributed energy projects for their benefits and generation they put onto the grid.

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