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  • OCJ
    Member
    • Aug 2022
    • 64

    #31
    Originally posted by nomadh

    Been reading up on. Nem2 and I feel like something is hidden but i guess it is still a 1 or 1 kw exchange? If a nem2 user generates 10kwh during the day he gets 10 back at night (minus some fixed costs 2 to 3 cents)?
    the change last year was If you dont bank enough during the day the on peak evening cost is alot more than than the old tiered costs?
    so with nem2 tiered its just more important to shave off that last peak o the evening hump it seems.
    am I right on this?
    NEM 2 is 1:1 credit within the TOU period.

    Think of it as 3 (or 2) buckets that are netted at the end of the month.

    Negative values (net producer for that TOU period) are multiplied by the full retail rate and added to your NEM credit bank.

    Positive values (net usage) are calculated as generation and delivery charges.

    NBCs are charged on ALL pulled kWh for the month.

    Generation credits from your NEM bank are then applied to all but the NBCs.

    If you still have a credit, you get the minimum daily charge (MDC) applied.

    Rinse and repeat until True-Up.

    Your assumptions are good. Load shifting, batteries, and Westerly facing panels offset that most expensive On-Peak.

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