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Warren Buffet's Energy Company Says Net Metering Should Be Eliminated
Event date:17.12.2014

Warren Buffett’s Energy Company Says Net Metering Should Be ‘Eliminated’

 

Berkshire Hathaway Energy, the holding company owned by famed investor Warren Buffett says Net Metering should be eliminated. 

Net metering allows residential and commercial customers who generate their own electricity from solar power to feed electricity they do not use back into the grid. Many states have passed net metering laws.

Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. For example, if a residential customer has a PV system on the home's rooftop, it may generate more electricity than the home uses during daylight hours. If the home is net-metered, the electricity meter will run backwards to provide a credit against what electricity is consumed at night or other periods where the home's electricity use exceeds the system's output. Customers are only billed for their "net" energy use. On average, only 20-40% of a solar energy system’s output ever goes into the grid. Exported solar electricity serves nearby customers’ loads.

 

Read more:    http://www.greentechmedia.com/articles/read/berkshire-hathaway-skeptical-about-distributed-energy

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,  02-20-2015