Net Meter Bank Exchange Process
Net metering and energy banks
As a solar net meter customer, you buy and supply electricity. The net meter measures the flow of electricity in two directions – forward when you’re buying electricity from the grid or backward when you’re supplying it from your solar panels. Your Energy Credit Bank is where you accumulate excess power supply in the form of energy credits that can lower future bills.
New to net metering? Learn more about net metering and how to apply.
Request a Credit Transfer
How energy bank credits work with a Time-of-Day (TOD) Rate
When billed on a Time-of-Day rate, which has different pricing for peak and off-peak periods, energy credits accumulate in separate banks for each time period. For example, if you produce excess power during a peak period, those credits appear in the peak period bank.
Energy Credit Bank Transfers on TOD
When you are enrolled in either of our Time-of-Day rates, (Off-Peak rate or Super Off-Peak rate) you may transfer credits between energy banks. Here are ways to transfer credits between energy banks on Time-of-Day:
How to Transfer Credits
You may request a credit transfer from one bank to another using any bank that has credits. Download and complete the Excess Generation Exchange Authorization Form and submit here (select NEM Exchange Program).
Please note:
- These rules apply to customers who started net metering in 2018 or later and are on a Time-of-Day rate (194 or 195).
- Check your energy banks using My Account or by checking your latest bill.
- Eligible net meter customers may request one transfer per bill cycle to be applied to their next bill.
- You must make a request via the Excess Generation Exchange Authorization Form and submit it here.
- You may not apply transfers to previous bills.
- Any submitted request is final and we will apply it on a future bill.
- Submit a request at least two weeks prior to your next bill date. After that time, we will hold the request until the following bill.