LIP-53: Must the first-year net metering value in the savings calculation use $0.06/kWh as the supply rate or can the calculation be based on a customer’s actual utility bill?

The first-year net metering value used in the savings calculation must be based on either (i) an average statewide supply rate of $0.06 per kilowatt-hour or (ii) an average of the customer’s 12 most recent monthly utility bills.  Please refer to FAQ #LIP-43 and more generally see Section 4(d) of the Cover Sheet of the REC Contract.