MBCP Solar Overview
Monterey Bay Community Power (MBCP) Is making the transition from PG&E to MBCP seamless by ensuring that all existing PG&E Net Energy Metering (NEM) customers are automatically enrolled in MBCP’s complementary NEM program. MBCP will also pay solar customers a much higher Net Surplus Compensation rate when they send extra energy back to the grid.
MBCP has three primary goals: reducing greenhouse gas emissions, lowering customer energy costs, and increasing local economic development for the Tri-County area. We recognize the local solar community as an important partner in accomplishing these shared goals. We applaud homeowners and businesses who have already gone solar and are leading the way for a transition from polluting, fossil-fuel-derived power to clean energy. These are the same trailblazers who enjoy significant financial savings because of their good deeds and wise energy management.
More on MBCP Solar Programs
MBCP is committed to providing all customers – including those with solar on their homes and businesses – greater savings than they receive from PG&E, along with an exceptional customer experience.
As Monterey Bay Community Power commences operation, we will automatically enroll solar customers into our complementary NEM program. MBCP’s NEM program will credit customers for their generation charges and will operate alongside PG&E’s NEM program for delivery and other charges. Solar customers will see no change in how NEM functions or the value they receive from the program.
True-Up Dates and Net Compensation Rates
When a solar customer enrolls with MBCP, PG&E will automatically true-up their NEM balance. To minimize any potential disruption or loss of value from NEM, MBCP has created four special NEM enrollment months (July ’18, Oct ’18, Jan ’19, and April ’19) and will automatically enroll NEM customers in the month closest to their existing PG&E true-up date. Moving forward, a NEM customer’s date of enrollment will become the new NEM true-up date for both MBCP and PG&E.
MBCP’s primary function is to purchase and manage energy resources on behalf of Monterey, San Benito and Santa Cruz Counties. MBCP believes that PG&E does not adequately compensate net-generator NEM customers for the value of their surplus energy, therefore we have significantly increased the Net Surplus Compensation (NSC) rate and will pay all net-generator NEM customers more for their surplus energy. MBCP is also adding more consistency to the NSC rate equation by committing to an annual rate. PG&E changes their NSC rate monthly, and as of Feb 2018, customers were paid $.02793 for each kWh of surplus energy. MBCP is more than doubling that rate to $.06135 which is locked in for the year.
Most NEM customers are not net-generators of electricity and still draw power from the grid. These customers will get the same lower-total cost for power that all MBCP customers receive. MBCP will return a percentage of all generation charges back to customers as a rebate. The rebate value has been set at 3% for 2018, and customers will receive this rebate as a bill credit when they true-up.
Monterey Bay Community Power looks forward to working with the Tri-County solar community and to collaborating on program development to continue reducing greenhouse gas emissions and reducing customer costs.
For more solar information, Click Here for our FAQ page, then click the Solar tab.