In a ruling by the Hawaiʻi Public Utilities Commission (PUC) on October 13, 2015, Hawaiian Electric Companiesʻ (HECO) net energy metering (NEM) program closes to new participants and opens two new tariffs for customers, as you can read in the link below:
- Existing NEM customers and customers waiting for approval are grandfathered into the program
- Two new tariffs include self-supply and grid-supply:
- Self-supply – PV customers will not export energy to the grid but instead export to energy storage systems. They will not be compensated for any energy they do send back to the grid. Customers with energy storage systems will be eligible for an expedited review by HECO – expected to be available by October 21, 2015.
- Grid-supply – Similar to the NEM program, PV customers have the option to export energy to the grid for credits, but will be compensated at a lower rate. Compared to the current full retail rate of 26.8 cents/KWH, credits for excess energy will be credited 15- 27.88 cents/KWH depending on the island.
- The interconnection fee will increase from $17 to $25