Electric utilities; net energy metering, energy balancing devices. (HB2073)

Introduced By

Del. David Toscano (D-Charlottesville) with support from co-patron Del. Danny Marshall (R-Danville)

Description

Electric utilities; net energy metering; energy balancing devices. Directs the State Corporation Commission to establish a program for eligible energy balancing customers, which are customers that own an energy balancing device that provides value to the electric utility or regional transmission entity in the form of spinning reserve, frequency regulation, distribution system support, reactive power, demand response, or other electric grid services. An energy balancing device means either a grid-integrated electric vehicle or an electric battery that absorbs and returns energy to the electric grid on either a second-to-second response basis that provides frequency regulation or on a longer-term daily response basis that returns that energy to the electric grid during peak periods of demand. An energy balancing device does not add net electricity to the grid over a net metering period. An eligible energy balancing customer will be credited for the electricity it adds to the grid at the rate charged for the customer's usage of electricity. Read the Bill »

Outcome

History