A 37% cut had been proposed, but the Arizona Corporation Commission upheld the precedent of capping the reduction at 10%, but new risks may emerge. August 28, 2023 Ryan KennedyThe Arizona Corporation Commission (ACC) voted on August 24, 2023 to cut the Resource Comparison Proxy (RCP) in the state, a metric that is used to determine the market value of exporting rooftop solar production to the grid. The Commission voted to step down the RCP by 10%, adhering to 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, Vote Solar.Vote Solar, a nonprofit advocating for equitable access to solar energy, filed comments on the RCP, emphasizing a need for a gradual approach to changes to let the market …
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