As a NEM customer, you’ll be credited for production of electricity at your applicable retail rates each month. Excess generation credits will be indicated on your MCE billing statement, and applied to later monthly usage charges (within the annual period) automatically. MCE charges NEM customers for electricity usage on a monthly basis after applying any accrued generation credits – this is different from PG&E’s yearly true-up process in which charges or credits from the year are paid or credited once annually.
Following your March-April billing cycle, MCE will perform a reconciliation of your account. At that time, your retail credits will be reset to $0. MCE will also determine if you’re eligible for a cash-out payment. If you produce more electricity than you consume within the annual period, you’ll be automatically compensated for your surplus generation at the wholesale rate. Cash-out balances of $200 or less will be applied as a bill credit, while balances over $200 will be automatically paid in the form of a check. Cash-outs are subject to an annual $5,000 cap per account.
Please note that MCE customers are still subject to a separate true-up for PG&E non-generation charges.