Net Metering In PEI

I have contacted our electrical utility to see what the deal is with net metering. I don’t think that I will be going the way of solar electric right now but someone may find this interesting. (I am not going solar electric right now because we only us between 200-300kw per month, this means we have an electric bill of around $50/month, most of this cost is the monthly connection fee)

Here are some of the points on the Maritime Electric Net Metering program.
1. They will pay you the same price that you pay for your power (~10cents/kw). This was forced onto the utility by the government; you can tell from their document that they don’t like it. They wanted to pay the price that they purchase electricity for ~7cents/kw.
2. If you create more then you use you can bank the extra for less productive months.
3. Banked production gets reset to zero each Oct.
4. You require 2 meters, both supplied by Maritime Electric, not sure if there is any extra cost for this. (it looks like there is not)