I just received a long-awaited PTO from SCE for a battery-only installation (solar panel system was installed in 2019). As expected, the PTO confirms that I will be (remain) under the NEM 2.0 program which I have been on since 2019. However, it goes on to say ...
"The Solar Billing Plan will compensate customers for energy exported to the grid based on the electricity’s value in each hour of the day. The value of these credits vary by time of day and season and generally follow TOU periods. The value of these credits will usually be lower than the rate that customers pay for electrical service, just as the market price SCE pays for energy from other sellers is lower than the retail price of its electrical service."
I thought that NEM 2.0 provides for export credits equal to the rate customers pay. Am I missing something or is the "usually" in that sentence meant to cover folks that are under NEM 3.0?
"The Solar Billing Plan will compensate customers for energy exported to the grid based on the electricity’s value in each hour of the day. The value of these credits vary by time of day and season and generally follow TOU periods. The value of these credits will usually be lower than the rate that customers pay for electrical service, just as the market price SCE pays for energy from other sellers is lower than the retail price of its electrical service."
I thought that NEM 2.0 provides for export credits equal to the rate customers pay. Am I missing something or is the "usually" in that sentence meant to cover folks that are under NEM 3.0?