Managing your surplus bank
Under the Net Metering Option, if you feed more power into the grid than you draw out, the surplus is put into a bank in the form of credits.
These credits cannot be exchanged for money or transferred to another electrical service contract. They will expire after a certain period of time.
Your surplus bank will be initially reset to zero at the start of the consumption period beginning on or after March 31 following your initial sign up. After that, it will be reset to zero every 24 months. In other words, you have two years to use your credits, apart from those accumulated during the first months.
Period during which electricity is delivered to the customer and which extends between the two dates used by Hydro-Québec for the calculation of the bill.
You may make arrangements with Hydro-Québec for a later reset date, as long as it falls within the 24 months following your sign up. Your bank will then be reset to zero at the start of the consumption period beginning the selected date, and every 24 months thereafter. Since the first reset is scheduled for March 31 after you sign up for this option, be sure to contact us before then.
Consumption period 1
- Electricity supplied by Hydro-Québec 1,300 kWh
- Electricity injected into Hydro-Québec grid - 300 kWh
- Electricity billed 1,000 kWh
Consumption period 2
- Electricity supplied by Hydro-Québec 800 kWh
- Electricity injected into Hydro-Québec grid - 1,000 kWh
- Electricity billed 0 kWh
- Electricity credited and applied to balance of future bill - 200 kWh