What is net metering?
Net metering is designed for residential and commercial customers who wish to connect a small electricity generating unit to the BC Hydro distribution system. As a net metering customer, when you generate more electricity than you consume, you receive a credit to your account The credit is applied against your future consumption.
Here’s some help to fully understand a few terms on your net metering bill:
Credit applied: An amount of credit, calculated from the updated balance of your outflow (amount of electricity you’ve sent to the BC Hydro grid), that’s deducted from any inflow charges (electricity from the BC Hydro grid flowing to your home).
Inflow: As shown in the “Your net metering this period” diagram on your bill, it’s the amount of electricity in kilowatt-hours (kWh) that flows to your home from the BC Hydro electrical system, or grid.
Outflow: As shown in the “Your net metering this period” diagram on your bill, it’s the amount of electricity in kilowatt-hours (kWh) that flows from your home to the BC Hydro electrical system, or grid.
Rate schedule 1101: The rate used for net metering customers, who are set up to both buy power from BC Hydro and also to sell electricity generated by solar or other generation systems, back to the BC Hydro grid.