Electric bill terms: N
7 terms from electricity bills and tariffs that start with N, in plain words: NEM 3.0, Net billing, Net metering, Non-capacity energy charge, Non-utility generation charge, Nuclear decommissioning charge, NYISO.
- NEM 3.0 Solar and net metering
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The California net billing tariff that started in April 2023. Exports get credits based on avoided cost, which are usually much lower than the retail price.
Also called: net billing tariff, NBT.
See also: Net billing, Avoided cost.
- Net billing Solar and net metering
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A rule where the utility pays for exported electricity at a price lower than the retail price, and bills all imported kWh at the retail price.
See also: Net metering, Export credit.
- Net metering Solar and net metering
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A rule that credits a solar customer for the electricity that goes to the grid. Under full net metering, an exported kWh lowers the bill as much as a used kWh.
Also called: net energy metering, NEM.
On this site: Eversource (Massachusetts) R-1, National Grid (Massachusetts) R-1.
See also: Net billing, True-up.
- Non-capacity energy charge Charges on the bill
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The part of the power supply price that is not for capacity. DTE shows both parts on the bill.
On this site: DTE Energy D1.11, DTE Energy D1.2.
See also: Capacity charge.
- Non-utility generation charge Riders and adjustments
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A New Jersey charge or credit for old power contracts with independent generators.
Also called: NGC.
On this site: JCP&L RS, PSE&G RS.
See also: Purchased power adjustment.
- Nuclear decommissioning charge Riders and adjustments
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A charge that saves money to close and clean up nuclear power plants at the end of their life.
Also called: nuclear decommissioning.
On this site: CenterPoint Energy Houston Electric Residential.
- NYISO Suppliers and the electricity market
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The New York Independent System Operator. It runs the grid and the wholesale electricity market in New York State.
See also: Regional transmission organization (RTO).
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These definitions are general. The tariff of your utility gives the exact rule and the amount. Each calculator page on this site links to the tariff sheets. If a term is missing, send it to contactus@utilityratecalc.com.