I dislike the term net metering so glad you "quoted" it.
I think while the concept is valid, people carelessly add expectations of some particular netting period on the term itself. For example, even Wikipedia has a
definition which veers off to some certain measurement periods:
Net metering (or net energy metering, NEM) is an electricity billing mechanism that allows consumers who generate some or all of their own electricity to use that electricity anytime, instead of when it is generated. This is particularly important with renewable energy sources like wind and solar, which are non-dispatchable (when not coupled to storage). Monthly net metering allows consumers to use solar power generated during the day at night, or wind from a windy day later in the month. Annual net metering rolls over a net kilowatt-hour (kWh) credit to the following month, allowing solar power that was generated in July to be used in December, or wind power from March in August.
Problematic parts emphasized. I mean it's never "anytime". Even if you have the best of the best, annual netting, you won't be able to generate a lot this summer and use it five years from now. And then this quote kinda implies it has to be in the timescale of at least a month to be net metering. Why don't they, for completeness, mention an example of 1 second, why wouldn't that be net metering?
And here "net metering" is used to mean "use within 15 minutes". And in the end, all metering is net metering, so the whole binary discussion of whether one has net metering or not is kinda flawed. Maybe someone has net metering with period of 0.5 milliseconds, as accumulated into the two registers by a certain meter implementation. But it is
always there, simply due to laws of physics it has to be, there is no physical concept of simultaneous export and import on a wire within same instant moment.
So I'd prefer to see the number instead of binary yes-no label, then it would be simple to compare the options, because (assuming export and import prices differ) then it's a simple "bigger is better" feature. I made some calculations when transitioned to hourly net from "no netting" (so some millisecond netting) and that increased my PV self use % from 52% to 70%, during the same time frame (calculated using both ways from the same data, both were available from the grid company). Then this also boils down to the question of how you define "PV self use". It has to be associated with some time period as well.
Here a few years ago some companies offered contracts which basically implemented yearly net metering and called them "virtual batteries", but they quickly fell out of fashion. Quite obviously such business cannot be a charity, so average customer of theirs must lose money. Basically what they did is to pay extra for exported energy to match the import price, and then get the same money (+more) back with monthly fees. And of course it comes with complex set of extra terms and conditions. Totally wasted human effort.
But, some netting period in range of, say, 10 seconds to 1 hour or so, would be fair to all participants including energy producers, grid operators and customers. Excessively short periods generate all sorts of weird issues with dynamic response of systems, e.g. Dave's issues
could be related to too short net period (could be something else too of course). And it's nearly an anti-subsidy that you need to constantly import and export (e.g. when your thermostat is working on/off) while things in grid average out - your neighbor's thermostat isn't in sync with yours, so the burden you are placing for the whole grid and whole existing generation infrastructure does follow some longer than a few seconds average of your net power.
And then again excessively long periods are unsustainable for whoever is paying; it's a hidden subsidy paid to PV owners. Say 24h netting period: now you are getting bargain electricity at the most expensive hours possibly with shortage of production just because you produced 7 hours earlier when nobody really needed your energy. It obviously gets even worse with annual netting.