Solar homeowners are wanting to be paid top dollar for what they produce when surpluses exist when prices for electricity can actually be negative during those times. There is too much supply at that moment, and not enough consumption. This is what NEM1 and NEM2 allow, and what NEM3 tries to address. Where does that money come from to pay the homeowners to make them happy?
Why do they need to combat that? A surplus from renewables is a good thing no?
Solar homeowners are wanting to be paid top dollar for what they produce when surpluses exist when prices for electricity can actually be negative during those times. There is too much supply at that moment, and not enough consumption. This is what NEM1 and NEM2 allow, and what NEM3 tries to address. Where does that money come from to pay the homeowners to make them happy?
PG&E?
PG&E’s only source of revenue is ratepayers. Are you asking non-solar homeowners to pay more for solar homeowners for unneeded electricity?
Maybe instead of spending billions on stock buybacks they could pay for electricity.
Looks like the last stock buyback they did was in Dec of 2020. NEM2 was valid for new solar installs up until April 2023.
Energy storage costs money. A surplus for the noon hours every day doesn’t help anything.