Valley Electric Association - Net Billing

March 16, 2023

Summary

The Board of Directors for Valley Electric Association (VEA) approved a revised net billing program, which took effect in October 2020. The rules apply to systems up to 25 kW, though owners of larger systems may be able to negotiate net billing terms with VEA on a case-by-case basis.

Any excess energy exported to the grid will generate an "Excess Energy Credit," which is valued at 75% of the retail rate. The accumulated value of Excess Energy Credits will be applied to the customer's bill at the end of the month. In the event the value of Excess Energy Credits is greater than the value of electricity consumed by the customer during the month, the Excess Energy Credits will be applied to the next monthly bill. Any remaining Excess Energy Credits on September 30 of each calendar year will be forfeited. All RECs generated by the system convey to the utility.

Program Overview

Implementing Sector:	Utility
Category:	Regulatory Policy
State:	Nevada
Incentive Type:	Net Metering
Web Site:	https://vea.coop/applications/net-metering/
Administrator:
Start Date:
Eligible Renewable/Other Technologies:	Geothermal Electric Solar Photovoltaics Wind (All) Biomass Wind (Small) Hydroelectric (Small)
Applicable Utilities:	VEA
System Capacity Limit:	25 kW (larger systems on case-by-case basis)
Net Excess Generation:	Instantaneous exports credited at 75% of the retail rate. The accumulated value of Excess Energy Credits will be applied to the customer's bill at the end of the month.
Ownership of Renewable Energy Credits:	Utility owns RECs
Meter Aggregation:	Not addressed

Authorities

Name:	Corporate Policy #136
Effective Date:	10/28/2020

Contact

Name:	Net Metering Program
Organization:	Valley Electric Association
Address:	800 E. Hwy 372 Pahrump NV 89048
Phone:	(775) 727-5312
Email:	wac@vea.coop

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.