Modifies provisions for net metering

HB 1864 modifies Missouri's net metering rules to allow customers with small renewable energy systems, such as solar panels, to receive credits for excess electricity they send back to the grid. The bill defines specific eligibility requirements for these systems, including a capacity limit of 100 kilowatts and a mandatory safety feature that automatically cuts power during outages. Retail electric suppliers must offer net metering on a first-come, first-served basis up to a cap of five percent of their peak load, while charging customer-generators the same rates as standard customers without extra fees. Additionally, the legislation outlines how electricity usage will be measured and how credits for surplus energy will be calculated and applied to future bills.