29 Jan '16, 9am

SolarCity chief: California net metering decision part of new energy paradigm

SolarCity chief: California net metering decision part of new energy paradigm

SolarCity CEO Lyndon Rive. Source: SolarCity. California’s decision to continue its net metering programme has been hailed as part of ongoing shift in the world’s attitude to energy by senior solar industry figures. The state’s Public Utilities Commission voted three votes to two in favour of extending the programme. Net metering customers have secured a further three years of being compensated for their excess power at the retail rate of electricity. SolarCity CEO Lyndon Rive said the decision gave the industry the opportunity to demonstrate distributed energy’s benefits to the grid and all ratepayers, solar and otherwise, while cutting emissions and creating jobs. "Since December we have seen a paradigm shift on the world's approach to electricity, with the Paris climate agreement, extension of the federal investment tax credit, and now a decision from California that wi...

Full article: http://www.pv-tech.org/news/solarcity-chief-california-ne...

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