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"When the utility puts up capital to build a plant, they are promised a return on that investment over time." People understand that the energy companies need a
by solario 1y ago
"When the utility puts up capital to build a plant, they are promised a return on that investment over time."
People understand that the energy companies need an ROI on their capital investments. None, or very few, see the other side of the equation. With NEM 2.0 the providers chose to forego capital investments in plants, and instead chose to spend that money to subsidize rooftop solar. In effect, they shifted the capital burden to homeowners and businesses. Those who invested their own capital into rooftop solar projects must have an ROI,too. By changing the rules, the energy companies are essentially stealing from individual investors in rooftop projects. Furthermore, by shifting to NEM 3, they are asking for even larger capital investments from individuals while providing limited ROI. This is what is killing small rooftop projects.