How the new structure impacts net metering solar members
We at Holy Cross Energy (HCE) are grateful you have committed to a clean energy future by investing in renewable energy at your home or business. This commitment helped us provide energy that was 50% renewable to all our members in 2022.
We also recognize that you may have made the financial decision to invest in solar panels based on a specific rate design that was in place at the time. As you hopefully saw in the March HCE Newsletter, we are restructuring our current rate design. We do not want these changes to impact your return on that investment, so we are offering two rate options to help our legacy solar owners.
Traditionally, we have combined the cost of energy and the cost of maintaining our electric grid (the poles and wires) into one fee called the “Energy Charge” on your bill. This worked well for many, many years, but now that our members are asking for new and innovative programs and services and the grid is changing, we need to split those charges into separate Energy and Delivery Charges. These changes mean your bill will increase as the Delivery Charge will be applied to the energy you use from your kWh bank and the energy you purchase from HCE.
But because you have made a substantial investment to help us reach our clean energy goals, we want to minimize any financial impact on you.
Therefore, we are offering you two options to reduce the impact of the new Delivery Charge for the next ten years. Both options result in a similar payment amount.