As a NEM customer, you’ll be credited for production of electricity at your applicable retail rates each month. Excess generation credits will be indicated on your MCE billing statement, and applied to later usage charges automatically. MCE charges NEM customers for electricity usage on a monthly basis after applying any accrued generation credits – this is different than PG&E’s yearly true-up process in which charges or credits from the year are paid or credited once annually.
Following your March-April billing cycle, MCE will perform a true-up of your account. After your true-up, your retail credits will be reset to $0. MCE will also determine if you’re eligible for a cash-out payment. If you produce more electricity than you consume within each annual period, you’ll be eligible for a credit at approximately twice the wholesale rate. Credits under $50 will be applied to your balance for the next annual period, while credits over $50 will be automatically paid in the form of a check sent to the current mailing address on your account. Cash-outs are subject to a $5,000 cap per account.
Please note that MCE customers are still subject to a separate true-up for PG&E non-generation charges.
It is important to note that when a new community joins MCE, PG&E performs an automatic true-up of all NEM accounts at the time of the switch. This means PG&E will send a bill for all of the electric charges incurred since your previous annual true-up, regardless of your original true-up date. Accrued PG&E credits will be zeroed out at that time. PG&E will continue to perform an annual true-up for their delivery charges, but only on the delivery side of the bill. If it is not advantageous for PG&E to do an automatic true-up at the time of your expected enrollment, MCE encourages customers to opt out until it is beneficial for them to start receiving MCE service, such as when they have used up their accrued NEM credits.