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So my understanding of the NEM invoicing is that each month they calculate the price of what I used, and the price of what I sent, and at the end of the period (true up) they will calculate the balance of these over the whole period. If I owe something then this is what I must pay, if I have a credit, it is wiped out.
In parallel, if I have exported more kWh than I used they compute a credit based on a low rate.
My question is as follow.
My NEM period started in November, so during the winter months, the price of what I used was higher than the price of what I sent, and their invoice reflected that, and I had to pay that difference.
Now during the summer month The price of what I used is lower than the price of what I send, so I am generating a credit. BUT I have already paid for the month it was the other way.
At True Up time, If the total price of what I used is lower than the total price of what I paid, My balance should be zero, but I will have already paid something during the winter month.
Will they then refund me what I (over)paid during the winter month given my balance should be zero?
I hope this makes sense
Thanks for clarifying J
In parallel, if I have exported more kWh than I used they compute a credit based on a low rate.
My question is as follow.
My NEM period started in November, so during the winter months, the price of what I used was higher than the price of what I sent, and their invoice reflected that, and I had to pay that difference.
Now during the summer month The price of what I used is lower than the price of what I send, so I am generating a credit. BUT I have already paid for the month it was the other way.
At True Up time, If the total price of what I used is lower than the total price of what I paid, My balance should be zero, but I will have already paid something during the winter month.
Will they then refund me what I (over)paid during the winter month given my balance should be zero?
I hope this makes sense
Thanks for clarifying J
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