Yet they neutered solar for consumers with Nem3.
this post was submitted on 27 Jun 2024
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On the micro level ( a homeowner), I can absolutely understand the anger and disappointment about the retirement of NEM2 and the adoption of NEM3. At the macro level, whats the other option? The article itself touches on this that more power is being produced than is needed at certain times. That's the time that NEM3 it working to combat.
Why do they need to combat that? A surplus from renewables is a good thing no?
Solar homeowners are wanting to be paid top dollar for what they produce when surpluses exist when prices for electricity can actually be negative during those times. There is too much supply at that moment, and not enough consumption. This is what NEM1 and NEM2 allow, and what NEM3 tries to address. Where does that money come from to pay the homeowners to make them happy?
PG&E?
PG&E's only source of revenue is ratepayers. Are you asking non-solar homeowners to pay more for solar homeowners for unneeded electricity?
Maybe instead of spending billions on stock buybacks they could pay for electricity.
Looks like the last stock buyback they did was in Dec of 2020. NEM2 was valid for new solar installs up until April 2023.
Energy storage costs money. A surplus for the noon hours every day doesn’t help anything.