The Renewable Energy Net Metering Code provides for the development, management, utilisation, sustainability and adequate supply of renewable energy generation of heat and power and for related matters. Under the net metering billing mechanism, solar and other renewable energy generating facility owners are credited for electricity the facility supplies to the Distribution Utility's network, and this credit is set off against electricity purchased from the Distribution Utility. This is expected to encourage the transition to renewable energy such as solar energy.
Financial Regulations, Energy Laws & Regulations, Laws, Fiscal Framework, National Laws, Regulations and Policies
Net metering, Distributed generation, Energy transition, Credit offset
