Quote:
Originally Posted by sendler
Net metering (meter runs backwards) is a big loss for the Utilities in my state where they are forced to provide this since they are in practice paying the homeowner back for the electricity AND the line fees and taxes. The home owner is selling the electricity for $0.12/ kWh even though the utility buys from it's normal suppliers for $0.04. The only fair way to do it would be with smart meters and 15 minute spot pricing.
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I don't know how variable pricing works in NY but my utility charges 19.978 cents per kWh for on-peak power and 4.209 cents for off-peak power. If the utility is loosing money on that swap they are ripping off their customers.