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 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.
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. Banked kWh credits cannot be used to reduce any other charges on the member’s bill. Any remaining banked kWh credits will be forfeited and transferred to the next member establishing an account at the location. KEC will not issue payment for any banked kWh.