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Commission Approves Net Metering Plan in Virginia
On April 30, 2026, the Virginia State Corporation Commission (SCC) issued an order regarding Virginia Electric and Power Company’s (Dominion) net energy metering reform proposal (NEM 2.0).
The order includes a transition from annual to real-time netting and an Export Credit Rate to compensate customers for excess electricity exported to the grid, in addition to a $1.00/month administrative fee.
In the order the Commission set the compensation rate for net excess generation to be $0.05829/kilowatt (kWh), which includes values for energy and capacity, avoided renewable energy portfolio standards (RPS) program compliance costs, and excludes the value of Renewable Energy Certificates (RECs).
This order is effective immediately.
As background, on May 1, 2025, Virginia Electric and Power Company (Dominion Energy Virginia) filed a petition to revise its net energy metering (NEM) program in response to directives from the Virginia State Corporation Commission. The proposed “NEM 2.0” program introduces two major changes: a shift from annual to real-time netting in half-hour intervals and a new Export Credit Rate of $95.53 per megawatt-hour (MWh) for excess electricity exported to the grid.
