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Committee recommends approval of net‑metering avoided‑cost credit increase
Summary
The Geneseo Committee of the Whole recommended that City Council place resolution R‑26‑05 on the consent agenda after a staff presentation that the avoided‑cost credit for net‑metered customers is rising by 2.94¢, driven largely by higher LMR capacity pricing.
The Geneseo Committee of the Whole voted to recommend that City Council place resolution R‑26‑05 on the consent agenda, after staff explained the annual change to the net‑metering avoided cost credit.
Eric, the plant operator, told the committee the avoided cost credit "is increasing by 2.94¢, from last year," and said most of the rise stems from higher LMR pricing and capacity costs. He noted that the 2025 avoided‑cost credit had been 3.79¢ and that changes in capacity pricing over the past year are the primary driver of the increase.
The presentation described how the city uses its generators to hedge day‑ahead purchases when market prices spike; during recent volatility the city deployed on‑site generation to limit exposure. After the presentation, a motion to recommend R‑26‑05 to the city council and place it on the consent agenda passed on a roll‑call vote with all members present voting yes.
Why it matters: the avoided‑cost credit determines how much customers with rooftop or business solar receive for exported energy; a higher avoided‑cost credit increases compensation to net‑metered customers and affects utility billing and budgeting.
Procedural next step: the committee recommended the resolution for the full city council consent agenda; final action will occur at the next council meeting.
