Update on the trends for Net Surplus Compensation. Links are to the IOU pages with the original data.
SCE and PG&E are based on an annual net kWh and their numbers reflect the trailing 12 months average. So if you true-up is in April your take the yearly net kWh multiplied by the April yearly NSC rate and that is your compensation. SDGE appears to do this monthly, so on a month-to-month basis your net kWh is multiplied by the monthly NSC rate.
Month | SDGE
Monthly | SCE
Yearly | PG&E
Yearly |
1/1/2022 | 0.05652 | 0.03767 | 0.04278 |
2/1/2022 | 0.05472 | 0.03969 | 0.04501 |
3/1/2022 | 0.05091 | 0.03922 | 0.04478 |
4/1/2022 | 0.04365 | 0.03926 | 0.04550 |
5/1/2022 | 0.03387 | 0.04054 | 0.04723 |
6/1/2022 | 0.02887 | 0.04197 | 0.04874 |
7/1/2022 | 0.03211 | 0.04313 | 0.05038 |
8/1/2022 | 0.03813 | 0.04362 | 0.05169 |
9/1/2022 | 0.04553 | 0.04611 | 0.05382 |
10/1/2022 | 0.05253 | 0.04977 | 0.05744 |
11/1/2022 | 0.05352 | 0.05111 | 0.05783 |
12/1/2022 | 0.05332 | 0.05119 | 0.05878 |
1/1/2023 | 0.06380 | 0.06212 | 0.07054 |
2/1/2023 | 0.14538 | 0.07276 | 0.08169 |
3/1/2023 | 0.09079 | 0.07494 | 0.08542 |
4/1/2023 | 0.07914 | 0.07778 | 0.08478 |
5/1/2023 | 0.06469 | 0.07712 | 0.08788 |
6/1/2023 | 0.05336 | 0.07512 | 0.08510 |
7/1/2023 | 0.04612 | 0.07224 | 0.08150 |
8/1/2023 | 0.04411 | 0.07009 | 0.07903 |
There was a big trend up in 2022 which has now reversed. Likely because there is a lot more surplus supply in the system with more wind and solar farms coming online. We also have a counter trend with more electrification happening. As an example of electrification, I recently bought a 2nd EV and transferred my last ICE car to my daughter out of state. I think there will be a lot of yo-yo effects over the coming years.