Solar Net Energy Metering Customers (NEM)
Monterey Bay Community Power (MBCP) is committed to providing all customers – including those with solar at their homes and businesses – with economic and environmental benefits. Thank you, solar customers, for being early adopters in the effort to reduce greenhouse gas emissions and grow clean energy resources.
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 complimentary NEM program. PG&E will true-up your account at the time of enrollment with MBCP. MBCP will also pay solar customers a much higher Net Surplus Compensation rate when they send extra energy back to the grid.
If you have solar generation installed at your home or business, you will continue to earn NEM credits and offset some 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 on your NEM electric generation.
Solar Customers Benefit More with MBCP
Whether you adopted solar 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:
MBCP exactly matches PG&E’s NEM program for electric generation. If you are grandfathered into NEM 1.0, you will keep this rate schedule. MBCP pays a higher Net Surplus Compensation to solar customers who are net generators of energy during their true-up period. You will also save money on the electricity you purchase from MBCP compared to PG&E.
Why would I need power from MBCP if I have solar?
Most solar customers both generate and purchase electricity (with NEM credits or dollars) throughout the day. Unless you have a storage battery connected to your solar array, you are most likely purchasing power from the grid at night and generating power during the day. With MBCP, the power you do purchase with your NEM credits or with your dollars supports carbon-free and renewable energy sources.
Automatically receive service with MBCP for carbon-free electricity at a savings with MBchoice.
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 energy 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’s NSC is increasing to $0.06734 10/1/19.
PG&E’s NSC rate decreased to $0.0327 9/1/19.
Not all NEM customers are eligible for NSC. Instead, the electricity that you purchase, will cost less and support clean electricity with MBCP as your electric generation provider:
7% savings in 2020
5% savings in 2019
3% savings in 2018