Is that 85% based on the flat rate, or an actively changing rate? If it’s the flat rate, thats a super good deal. The cost of generation can easily vary by 10x throughout the day, so if the average price is $0.15/kWh, they might be paying you 13 during the times it only costs 1.
I know in some places the meters are smart enough to track when the usage is occurring, though.
85% of the flat retail rate. AFAIK, no company with a rooftop solar program puts them through spot wholesale market prices. I don’t think my provider even participates in the spot market - they own all their own generation with plenty of excess capacity and essentially no net interchange. They also cap participation in net metering at 0.2% of system-wide peak demand, so there’s very little chance they’ll take much of a loss, regardless.
Is that 85% based on the flat rate, or an actively changing rate? If it’s the flat rate, thats a super good deal. The cost of generation can easily vary by 10x throughout the day, so if the average price is $0.15/kWh, they might be paying you 13 during the times it only costs 1.
I know in some places the meters are smart enough to track when the usage is occurring, though.
85% of the flat retail rate. AFAIK, no company with a rooftop solar program puts them through spot wholesale market prices. I don’t think my provider even participates in the spot market - they own all their own generation with plenty of excess capacity and essentially no net interchange. They also cap participation in net metering at 0.2% of system-wide peak demand, so there’s very little chance they’ll take much of a loss, regardless.