Each month KEC’s meter will measure the amount of electricity transferring through the meter to the power grid. Any member generation in excess of their monthly kilowatt-hours (kWh) consumption will accumulate as “banked” kWh credits. During months in which a member’s consumption exceeds the amount generated, available banked kWh credits will be deducted from their account. Once depleted, the remaining energy consumption will be billed at the energy rates of the applicable rate schedule. Banked energy credits will be available until consumed.
If a member closes their account, any banked kWh will reduce the kWh energy charge until credits are depleted, or until the kWh energy charge reaches a zero balance, whichever occurs first. Any remaining credits will be forfeited, and credits cannot be used to reduce any other charges on the member’s billing system. KEC will not issue payment for any banked kWh.