The bill H.716, introduced by Representative Morrow of Weston, aims to amend the net metering formula in Vermont by freezing the negative adjustor on net metering and eliminating it for behind-the-meter consumption. Specifically, it proposes that the negative adjustor on net-metered solar production shall not exceed -$0.04, and there will be no adjustor applied to electricity that is used or stored on-site without passing through the provider's electric meter. This change is intended to provide more favorable conditions for net metering customers, particularly those utilizing solar energy.

Additionally, the bill includes a provision that defines "behind-the-meter consumption" as electricity used or stored on-site without first reaching the grid. The act is set to take effect on July 1, 2026, allowing time for the necessary adjustments to be made in the implementation of these changes. Overall, the bill seeks to enhance the viability of renewable energy sources by modifying the financial framework surrounding net metering in Vermont.

Statutes affected:
As Introduced: 30-8010