Mon Power has settled a case with consumer groups that will affect households that have rooftop solar panels.
Existing customers receive a retail rate of 11 to 13 cents per kilowatt hour for the power their solar panels send back to the grid, a process known as net energy metering.
Mon Power and Potomac Edison proposed to cut that credit in half to 6.6 cents per kilowatt hour, the wholesale price.
The sides settled on a compromise of roughly 9 cents a kilowatt hour. The new credit takes effect on Jan. 1, 2025. Existing customers will still receive the higher credit for 25 years.
The West Virginia Public Service Commission (PSC) must still approve the settlement.
A bill moving through the House of Delegates would protect the higher net metering credit.
The parties to the settlement include the PSC, the West Virginia Consumer Advocate Division, Citizen Action Group, Solar United Neighbors, Energy Efficient West Virginia and Solar Holler.
“While we continue to believe that the retail rate is fairest for residential solar customers to receive as a credit, we think that this is a fair settlement in the context of this case,” said Leah Barbour, state director for Solar United Neighbors. “There are some important protections for current customers and clear guidelines to ensure solar will continue to work going forward.”
Mon Power serves 395,000 customers in 34 West Virginia counties. Potomac Edison serves 155,000 customers in the Eastern Panhandle.