1. (a) For power produced in excess of on-site requirements, subject to OAC 165:40-9-2, the producer will be compensated by the retail purchase meter running in reverse. The cooperative/utility shall bill the producer for the excess of energy supplied by the cooperative/utility over and above the energy supplied by the producer during each billing period according to the cooperative/utility's applicable retail rate schedule.
2. (b) When the energy supplied by the producer exceeds the energy supplied by the cooperative/utility during a billing period, the monthly charge and/or minimum bill of the retail rate schedule shall be billed by the cooperative/utility; any net excess energy for the billing period shall be credited, or paid, in dollars in the next billing period(s), at the utility's avoided energy cost.
3. (c) The billing period shall be considered the monthly bill period associated with the monthly meter reading.
4. (d) Systems with an installed capacity greater than 125% of the customer's peak load may be excluded from the net-metering provision, and shall be paid under the small power producer or qualifying facilities tariff, subject to Subchapter 11 herein.
5. (e) The utility shall file a tariff with the Commission to enact the provisions of this rule.

Amended at 36 Ok Reg 666, eff 7-25-19