As a homeowner or business owner, it can be frustrating to see your electricity meter running up your monthly bill. However, there’s a solution that not only can help you reduce your energy bills but also help save the environment.
Net metering is a program that allows you to generate your electricity through renewable sources and sell back the excess to the grid. In this article, we’ll dive into what net metering is and how it works, as well as how MEPCO electric bill and net metering can be combined to save you money on your energy bills.
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What is Net Metering?
Net metering is a system that allows homeowners and businesses to generate their electricity through renewable sources such as solar or wind power. Any excess electricity produced is then sent back to the grid and credited to the homeowner’s or business’s energy bill. This system helps homeowners and businesses offset their energy costs while reducing their reliance on fossil fuels.
How Does Net Metering Work?
Net metering works by connecting your renewable energy system to the grid through a bi-directional meter. When you produce more electricity than you need, the excess electricity is sent back to the grid and credited to your energy bill. Conversely, when you require more energy than you produce, the grid provides you with the needed electricity. The bi-directional meter records both the electricity you consume and the excess electricity you generate, allowing for a more accurate accounting of your energy usage.
MEPCO Electric Bill and Net Metering
Multan Electric Power Company (MEPCO) is one of the largest power distribution companies in Pakistan, supplying electricity to over 13 million customers in southern Punjab. MEPCO is committed to providing its customers with affordable and reliable electricity while promoting renewable energy sources. In line with this commitment, MEPCO offers net metering services to its customers.
To apply for net metering with MEPCO, customers must submit an application along with a feasibility report and a net metering agreement. Once approved, the customer can install their renewable energy system and connect it to the grid through a bi-directional meter. Any excess electricity produced will be credited to the customer’s energy bill, reducing their monthly charges.
Advantages of Net Metering
Net metering has many advantages for both homeowners and businesses, including:
Net metering can help homeowners and businesses save money on their energy bills by offsetting the electricity they consume with the excess they produce.
Net metering promotes the use of renewable energy sources, reducing the amount of fossil fuels consumed and greenhouse gas emissions produced.
Net metering allows homeowners and businesses to become more self-sufficient by generating their electricity, reducing their reliance on the grid.
Increased property value
A home or business with a renewable energy system and net metering capabilities is more attractive to potential buyers and can increase the property’s value.
How do I know if I am eligible for net metering with MEPCO?
To be eligible for net metering with MEPCO, you must be a residential or commercial customer with a renewable energy system installed.
What is the capacity limit for a renewable energy system under net metering with MEPCO?
The maximum capacity limit for a renewable energy system under net metering with MEPCO is 1 MW for commercial customers and 50 kW for residential customers.