Trigger warning: If you're in CA, you may want to skip this post. Seing electricity prices in IL will hurt.
I've been on hourly billing for years because I had a PHEV before getting my Tesla. When I got solar, I was pleasantly surprised to find out that net metering worked with hourly billing, so the credits I'm gaining for solar production use the cost of electricity at the time it was generated.
Yes. You read that right.
If the cost of electricity is 0.12/KWh at noon and 0.02/KWh at midnight, I get 6 KWh for every 1 KWh I sent to the grid.
I mention this because a friend told me that ComEd wouldn't change him to hourly billing. His net metering is a 1 to 1 trade, which isn't bad but it's nowhere near as good as what imI getting. It seems they'll let you keep the hourly plan if you're already on it when you sign up for net metering, but they won't let you change to it after the fact. It's also possible that I was grandfathered in and they just don't let people do this anymore at all. I don't have confirmation from ComEd regarding the current policy but I got it in writing from the net metering team when I started the process a little over a year ago. You may want to look in to it.
FYI: If you have an EV and you charge overnight, you should definitely be looking at hourly billing. You'll always have to pay the usual delivery cost, but it's rare that the cost of electricity goes over 2¢ between midnight and 5 am. Even better, there are plenty of times when the cost goes negative so ComEd is basically paying you to soak up the excess.
Just wanted to make sure people were aware...
I've been on hourly billing for years because I had a PHEV before getting my Tesla. When I got solar, I was pleasantly surprised to find out that net metering worked with hourly billing, so the credits I'm gaining for solar production use the cost of electricity at the time it was generated.
Yes. You read that right.
If the cost of electricity is 0.12/KWh at noon and 0.02/KWh at midnight, I get 6 KWh for every 1 KWh I sent to the grid.
I mention this because a friend told me that ComEd wouldn't change him to hourly billing. His net metering is a 1 to 1 trade, which isn't bad but it's nowhere near as good as what imI getting. It seems they'll let you keep the hourly plan if you're already on it when you sign up for net metering, but they won't let you change to it after the fact. It's also possible that I was grandfathered in and they just don't let people do this anymore at all. I don't have confirmation from ComEd regarding the current policy but I got it in writing from the net metering team when I started the process a little over a year ago. You may want to look in to it.
FYI: If you have an EV and you charge overnight, you should definitely be looking at hourly billing. You'll always have to pay the usual delivery cost, but it's rare that the cost of electricity goes over 2¢ between midnight and 5 am. Even better, there are plenty of times when the cost goes negative so ComEd is basically paying you to soak up the excess.
Just wanted to make sure people were aware...
