December 19, 2003 [SolarAccess.com] BC Hydro has developed an Application for Net Metering Tariff a “draft” net metering program, which was submitted for review to the BC Utilities Commission (BCUC) in November. The draft program has been designed for residential and commercial customers who wish to connect a small (rated capacity of 50 kW or less) generating unit fuelled by a renewable energy source to the BC Hydro electricity grid. Under the proposed program, for any given billing period: If the amount of electricity supplied by BC Hydro is greater than the electricity banked by the customer, the customer will pay for the net electricity at their usual rate. If the customer has banked more than has been supplied by BC Hydro, their electricity charge on the bill will be zero. Any excess electricity still banked will be carried over to the next billing period. At the end of each year, BC Hydro will credit the customer for any remaining banked electricity at the rate of 5.4 cents per kWh. At BC Hydro’s discretion, this credit will either be applied to future customer bills, or BC Hydro will make a one time pay-out to the customer. At the end of November, the BCUC notified BC Hydro that the BC Utilities Commission has ordered a written public hearing process concerning BC Hydro’s proposed net metering rate.