The authorities in Arizona have upheld the precedent of capping the reduction at 10% for compensation rates for rooftop PV, following a proposal for a 37% cut. However, there is a possibility of new risks emerging, according to the Arizona Corporation Commission. August 29, 2023 Ryan KennedyFrom pv magazine USAThe Arizona Corporation Commission has voted to cut the Resource Comparison Proxy (RCP), a metric that is used to determine the market value of exporting rooftop solar production to the grid. The commission voted to reduce the RCP by 10%, in line with a 2017 rule that capped value reductions at that level.While the 10% reduction in exported solar harms rooftop solar customers, things may have ended up much worse. Arizona Corporation Commissioner Nick Myers filed an amendment that would cut net energy metering (NEM) rates to $0.053 per kWh, a reduction of 37%, which would have taken effect suddenly in September.“The stability provided by the RCP is the fundamental reason solar has continued to thrive in Arizona. Stable, predictable rates give solar companies and consumers certainty about the future and the confidence to invest in their homes and businesses,” said Kate Bowman, interior west regulatory director for …
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