No, that's correct.
The point is that say you arrange to do your energy exporting during Peak hours (via load shifting with PWs). Then the marginal value of your kWh exported goes like this, as you export more and more (compared to your load):
- While you have a positive true up, each exported kWh is worth the Peak rate.
- When your true-up hits $0, you are still a net kWh consumer, so your marginal exported kWhs are worth $0.
- Once you become a net kWh exporter for the year, your marginal exported kWhs are worth ~$0.03 each (per an earlier post).
Cheers, Wayne