THE Visayan Electric Company, Inc. (Veco) is reiterating its call for customers with existing solar facilities to enroll in the net metering program for safety and billing credits.
Residential or commercial customers who have existing solar facilities that have a capacity of 100 kilowatt (kw) and below are eligible for enrollment in the net metering program.
“We are encouraging those who already have solar technology in their homes to enroll in the Veco net metering program. This way, we can install the correct metering system and they get to earn more from selling the excess power generated from their system,” said Veco chief operating officer Anton Mari Perdices.
The net metering program allows customers of distribution utilities (DUs) to install an on-grid renewable energy (RE) facility not exceeding 100 kw in capacity so they can generate electricity for their own use.
Any excess electricity generated by the customer is automatically exported to the DU’s distribution system.
The DU then gives a peso credit for the excess electricity received equivalent to the DU’s blended generation cost, excluding other generation adjustments, and deducts the credits earned to the customer’s electric bill.
Perdices said Veco’s net metering program uses a bi-directional metering system that records the power that a customer buys from Veco, as well as the solar power that the customer sells to Veco.
Another advantage of enrolling in Veco’s net metering program is that customers can get the the correct metering system intended for those using solar technology.
To date, Veco has 53 net metering customers with a total capacity of 413 kw. Seven of these customers are commercial while the rest are residential.
It started offering the net metering program in 2013 with only one customer and a total capacity of three kw. (KOC)