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How you are credited, or how much you are credited, depends on your electricity provider. An electricity provider is the company that owns your power poles and meters, they may not necessarily be the company that you pay your Electricity bill through.
In NSW we have three Electricity providers- Integral Energy, Energy Australia and Country Energy.
Each electricity provider can credit you differently depending on their metering structures;
They are either NET or GROSS Metering.
Gross Metering: Used by Integral Energy, this system records the total production of your solar system and then they deduct this from your Electricity bill.
Net metering: Used by Energy Australia and Country Energy, this means power made by your solar system is consumed in your house first and any excess is then fed into the grid and taken off your electricity bill.
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