Net metering

{
  "id": "MLC-T-ENV-018454",
  "term": "Net metering",
  "field": "Environment",
  "term_source": "Net Metering",
  "definition": "1. A method of crediting customers for electricity that they generate on site in excess of their own electricity consumption. Customers with their own generation offset the electricity they would have purchased from their utility. If such customers generate more than they use in a billing period, their electric meter turns backwards to indicate their net excess generation. Depending on individual state or utility rules, the net excess generation may be credited to their account (in many cases at the retail price), carried over to a future billing period, or ignored.\n\n2. The practice of using a single meter to measure consumption and generation of electricity by a small energy generation facility (such as a house with a solar photovoltaic system). Net metering allows a homeowner to sell surplus electricity back to the utility.\n\n3. A method of crediting customers for electricity that the customer generates on site in excess of their own electricity consumption. Customers with their own generation offset the electricity they would have purchased from their utility. If such customers generate more than they use in a billing period, their electric meter turns backwards to indicate their net excess generation. Depending on individual state or utility rules, the net excess generation may be credited to their account (in many cases at the retail price), carried over to a future billing period, or ignored.",
  "subject": "Sustainability and green living",
  "references": [
    "Greening EPA Glossary",
    "Top Green Home Terms",
    "Green Power Markets Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/net-metering/"
}