How does the year-end settle-up process work?
During billing periods when your generation is less than your consumption (typically during the colder winter months when your energy consumption may be higher and generation may be lower), you would receive a bill for the energy consumed above your generation.
However, when your generation is greater than your consumption (typically during the warmer months when your energy consumption may be lower and generation may be higher), you would bank any excess generation for later use throughout the year.
If you end the year with excess generation remaining, NS Power would apply this excess generation to any billed consumption within the same calendar year up to a maximum of your total billed energy within the same calendar year.
Example 1:
If you were billed for 2,500 kilowatt-hours throughout the year when your generation was less than your consumption and you had 2,000 kilowatt-hours of banked excess generation remaining at year-end, NS Power would provide a credit for 2,000 kilowatt-hours to offset your billed consumption.
Example 2:
If you were billed for 2,500 kilowatt-hours throughout the year when your generation was less than your consumption and you had 3,000 kilowatt-hours of banked excess generation remaining at year-end, NS Power would provide a credit for 2,500 kilowatt-hours* to offset your billed consumption.
* See “Can I generate more electricity than I need?”