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Andy McDonald On May 14, the PSC issued a final Order in the first case to propose changes to net metering since passage of the controversial Net Metering Act of 2019 (SB 100). In its order, the commission rejected Kentucky Power Companyâs proposed changes to net metering, which would have reduced the value of solar energy fed back to the utility to 3.7 cents/kWh (a 75% reduction). Instead, the commission set the new compensation rate at 9.7 cents/kWh (12% below the retail rate of 11 cents/kWh).  This ruling maintains the financial viability of installing rooftop solar and will enable the continued growth of rooftop solar in Eastern Kentucky. Furthermore, the order creates the framework for how the commission will handle net metering in future rate cases brought by other utilities. The commission acknowledged multiple benefits provided by distributed solar generation to the utility and ratepayers and adopted principles and best practices to be used for determin ....
Inside Clean Energy: The Coast-to-Coast Battle Over Rooftop Solar insideclimatenews.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideclimatenews.org Daily Mail and Mail on Sunday newspapers.