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Committee hearings on H.716 focus on net-metering compensation, negative adjuster and metering feasibility
Summary
Witnesses urged H.716 to reduce the -4/kWh penalty for behind-the-meter use and to incentivize batteries; the Public Service Department warned the bill could raise rates, not change greenhouse gas emissions and may be technically infeasible for utilities lacking hourly meters.
The House Energy Committee heard extended testimony and questioning on H.716, a bill that would change the net-metering compensation formula for rooftop and behind-the-meter solar.
Peter Sterling, executive director of Renewable Energy Vermont, told the committee "I'm Peter Sterling, executive director of Renewable Energy Vermont" and said the end of the federal residential solar tax credit and delays to Solar-for-All funding make state action more urgent. Sterling described how the PUCs statewide blended rate is calculated and how "negative adjusters" (for size and REC ownership) are subtracted from that blended rate, reducing the dollar amount paid to new net-metering systems. He said the adjusters have increased over time and that "Vermonters are receiving less money for the net metering credits they generate." Sterling argued removing the negative 4/kWh adjuster for behind-the-meter consumption would encourage storage adoption and…
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