It’s been a long time coming, but the PUB has finally approved a net metering program for the province.
Both Natural Resources Minister Siobhan Coady and the NEIA are applauding news.
Newfoundland and Labrador is one of the few provinces where net metering has not yet been established.
It allows electricity customers to generate power from small scale renewable sources for their own use and sell back to the grid.
Customers will now be allowed to install renewable energy systems, like small wind turbines or solar panels, up to a maximum of 100 kilowatts.
The provincial government says the average homeowner uses 10 to 15 kilowatts and a provincial cap of five megawatts will provide an opportunity for customers to offset their energy consumption.
Both utilities expect to be in a position to begin accepting net metering applications starting July 1 of this year.