Cryptocurrency Q&A How does NEM 3.0 work?

How does NEM 3.0 work?

TaegeukChampionship TaegeukChampionship Mon Nov 11 2024 | 6 answers 1203
I'm interested in understanding the working mechanism of NEM 3.0. Could you explain how it operates and what are its key features or functionalities? How does NEM 3.0 work?

6 answers

JejuJoyfulHeart JejuJoyfulHeart Wed Nov 13 2024
However, with NEM 3, this credit is now lowered, affecting the financial incentives for installing solar panels.

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SamuraiHonor SamuraiHonor Wed Nov 13 2024
NEM 3 introduces a significant change in the valuation of customer-generated solar power.

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SumoStrength SumoStrength Wed Nov 13 2024
Under the new regulations, the value assigned to solar power produced by homeowners is reduced.

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Sofia Sofia Wed Nov 13 2024
Previously, if a utility company charged 25 cents per kilowatt-hour (kWh) for electricity, homeowners were credited the same amount for each kWh they generated.

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Valentina Valentina Tue Nov 12 2024
The move is likely aimed at balancing the grid and managing the increasing number of solar installations.

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