Net Metering - An Essential Part for Achieving Greater Energy Security!
Theoretically, net-metering is the silver bullet created to help a nation to achieve greater energy security. It is possible by the generation at the point of consumption, i.e. distributed generation.
It can drive widespread application of DG by incentivizing end-users to take localized power production through non-renewable energy technologies. Despite having beneficial factors, unfortunately, both distribution companies and end-users are reluctant to use net energy meters.
What’s Net Metering
It is a billing process that allows individuals or businesses are producing own electricity to send unused energy back to the local power grid and get credited back for its retail cost. Important for solar or wind, which is non-dispatchable.
How does it work
Consumers are provided a meter to measure the amount of electricity coming from the grid. Organizations using bi-directional solar energy meters and track the electricity amount going back to the local grid. The meter records how much is delivered to you. On the other hand, a fully productive solar panel records how much energy is received, and the difference between the delivered and received is ‘net’ energy used.
Other than the reduced electricity bill, the other benefits are –
Better incentives, technical solution and effective policy implementation are necessary to popularize the net metering system. It is important to obtain energy security by 2022. Meanwhile, you can buy meters online while seeing all the ranges and descriptions.
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