Net Metering Act of 2009
This Act requires electric service providers to make a net metering program available to customers by which customers may establish a renewable energy-powered customer generation system to produce electricity for their own use and to supply excess electricity to the electric service provider. The Act requires the electric service provider to offset charges for electricity by the amount of electricity supplied by the customer from the customer generation system and requires the electric service provider to give the customer credit for electricity generated by the customer that exceeds the amount supplied by the electric service provider. It requires the customer to meet certain safety requirements with respect to the customer generating system. It prohibits the electric service provider from imposing additional charges or fees to customers participating in a net metering program. Through net metering, Palau hopes to 1) encourage investment in renewable energy resources, 2) stimulate economic growth, 3) reduce demand for electricity when alternative energy is available, 4) enhance the continued diversification of the energy resources used in Palau, 5) reduce fossil fuel imports for electricity generation and increase energy independence, and 6) reduce carbon emissions.