Net metering, or net energy metering is a utility rate structure and billing mechanism that allows consumers with alternative energy systems, such as solar and wind, to transfer electricity they do not use back into the grid in exchange for credits on their utility bills.
VALUE OF DISTRIBUTED ENERGY RESOURCES (VDER)
As of March 9, 2017, the Public Service Commission (PSC) has adopted a new rate structure to credit solar projects for the benefits they provide. This new methodology takes the first step in moving beyond Net Energy Metering (NEM) to a more accurate valuation and compensation of Distributed Energy Resources. VDER factors include the price of the energy, the avoided carbon emissions, the cost savings to customers and utilities, and other savings from avoiding expensive capital investments and is being implemented in two phases. See VDER Phase One