Belco customers compensated for sending their excess solar-generated power back into the utility’s grid now stand at 335, after the company’s net metering initiative was launched in 2010

The programme, aimed at boosting the use of solar power on residences and businesses, gave customers a subsidy at the same rate that they would have paid for Belco electricity.

New solar-equipped customers will be compensated at “avoided cost”, largely the cost of fuel, according to a statement issued today.

An exception will be made for customers who have had their Planning permits issued on or before August 15, and are still in the process of installing solar power.