Section 11(11)(b) in Jammu and Kashmir State Electricity Regulatory Commission (Grid Interactive Rooftop Solar Photo Voltaic Systems based on Net Metering) Regulations, 2015, in short, JKSERC Net Metering Regulations, 2015
(b)In case the electricity injected exceeds the electricity consumed from licensee's supply system during the billing cycle such excess injected electricity shall be carried forward to the next billing cycle as electricity banked and may be utilized in the next billing cycle(s) within the settlement period. In such a case, the distribution licensee shall issue an invoice containing all these details ;