The Distribution Licensee shall show, separately, the energy units exported, the energy units imported, the net energy units billed and/or the energy units carried forward, if any, to the consumer in their bill for the respective billing period.
If during any billing period, the export of units exceeds the import of units consumed, such surplus units injected by the consumer shall be carried forward to the next billing period as energy credit and shown as energy exported by the consumer for adjustment against the energy consumed in subsequent billing periods within the settlement period.
During any billing cycle, the distribution licensee shall raise invoice for the net electricity consumption, as per applicable tariff, only after adjusting / netting off of the unadjusted energy credits of the previous billing cycle(s).
The surplus energy measured in kilo-watt hour shall be utilized to offset the consumption measured in kilo-watt hour only unless otherwise allowed by the Commission from time to time. In case the Consumer is billed on kVAh, during injection of surplus energy to the grid, the Power Factor shall be assumed equal to unity.
At the end of the each Financial Year, any net energy credits, which remain unadjusted, shall be paid for by the distribution licensee to the consumers as per the rates notified by the Commission from time to time.