Unlike a feed-in tariff (FIT) or time of use metering (TOU), net metering can be implemented solely as an accounting procedure, and requires no special metering, or even any prior arrangement or notification.
Unlike a feed-in tariff (FIT) or time of use metering (TOU), net metering uses a bi-directional meter and can measure current flowing in two directions. Net metering can be implemented solely as an accounting procedure, and requires no special metering, or even any prior arrangement or notification.