Net Energy Metering Customers (NEM)
Monterey Bay Community Power (MBCP) is committed to providing customers including those with solar or wind energy with economic and environmental benefits. Thank you for being early adopters in the effort to reduce greenhouse gas emissions and grow clean energy resources.
Are you in the City of Morro Bay or San Luis Obispo?
MBCP Is making the transition from PG&E to MBCP for electric generation seamless by ensuring that all existing PG&E Net Energy Metering (NEM) customers are enrolled in MBCP’s complimentary NEM program. PG&E will true-up your account at the time of enrollment with MBCP. MBCP will also pay NEM customers a much higher Net Surplus Compensation rate when they send extra energy back to the grid when applicable.
As a NEM customer, you will continue to earn NEM credits and offset a portion of or all of your charges for electricity, as you have been prior to becoming an MBCP customer. It is important to note that you will continue to see PG&E’s minimum monthly fee. PG&E will continue handling your NEM transmission and distribution costs while MBCP takes over your NEM electric generation.
For customers who have generation credits at true-up, those credits offest generation charges but will not be applied to PG&E Delivery Charges as a shared customer. Please consult your bill to determine whether your account accrues significant generation credits.
Net Energy Metering Customers Benefit with MBCP
Receive service with MBCP for carbon-free electricity at a savings with MBchoice by taking no action
Support 100% California eligible renewable from solar and wind with MBprime
NEM rate plan stays the same (including NEM 1.0)
Continue to build NEM credits and offset electric generation costs
Get paid more for generating power!
If you are a net generator of energy, meaning, during a one year time period you create more power than you use, you are eligible for Net Surplus Compensation, or NSC. MBCP offers a higher NSC rate than PG&E:
MBCP increased NSC from $.06135 to $0.06620 as of 1/20
PG&E’s NSC rate decreased to $0.02534 as of 6/20
You will also no longer have to wait 60-90 days to receive a check for your annual Net Surplus compensation. MBCP is now able to credit Net Surplus Compensation directly on your monthly PG&E statement, allowing you to apply your Net Surplus Compensation to your current and/or future PG&E charges.
Not all NEM customers are eligible for NSC. If you are not a net generator of electricity, the electricity that you purchase through MBCP will cost less and support a cleaner power mix.
Total customer savings in 2018: $4.4 MM
Total customer savings in 2019: $12.7 MM
Whether you adopted solar or wind for the cost savings, to fight climate change or both, choosing MBCP for your electric generation aligns with these goals. MBCP provides electricity customers in our service area with a choice for community reinvestment and cleaner energy at a lower cost, along with the option to support 100% renewable energy.
MBCP NEM Rate Schedule: