Yes! PCE buys electricity generated by NEM customers at $.01/kWh* above the rate schedule in effect at the time of solar production (retail price). This is a bonus for producing clean, local electricity. An additional benefit is that instead of an annual true-up where NEM customers may be subject to a year’s worth of charges, PCE NEM customers will settle their bills on a monthly basis.
*A kWh (kilowatt hour) is the standard measure of electricity