Commercial Settlement Sample Clauses

Commercial Settlement. All the commercial settlements under this agreement shall be as per Government of Gujarat’s Solar Power Policy 2015 and Order No. 3 of 2015 dated 17.08.2015 of the Gujarat Electricity Regulatory Commission and any subsequent orders in this regard. The commercial settlement will be as follows:
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Commercial Settlement. The commercial settlement will be as follows: i. In case of HV/EHV consumers: The solar energy set-off shall be allowed between 07.00 hours to 18.00 hours of the same day basis. That means, the injected solar energy in the grid shall be set off against consumption of HT or EHV consumer during 07.00 hours to 18.00 hours on the same day basis. In case of net import of energy by the consumer from grid during 07.00 hours to 18.00 hours of same day, it shall be billed as per applicable tariff to respective category of consumers as approved by the Commission from time to time. The energy generated by Solar PV System shall be set off against units consumed (not against load/demand) and consumer shall pay demand charges, other charges, penalty etc. as applicable to other consumers of respective category. In case of net export of solar energy by consumer in the grid during 07.00 hours to 18.00 hours on the same day basis, it shall be considered as surplus injection by consumer and same shall be compensated by DISCOM as per the rate mentioned in this agreement. ii. LT demand-based consumers: The set-off of solar energy shall be allowed between 07.00 hours to 18.00 hours of the same billing cycle basis. That means, the injected solar energy in the grid during a billing cycle shall be set off against consumption of consumer during 07.00 hours to 18.00 hours of the same billing cycle. After giving set off of solar energy in terms of above, in case of net import of energy by the consumer from grid during 07.00 hours to 18.00 hours of billing cycle, it shall be billed as per applicable tariff to respective category of consumers as approved by the Commission from time to time. The energy generated by Solar PV System shall be set off against units consumed (not against load/demand) and consumer shall pay demand charges, other charges, penalty etc. as applicable to other consumers of respective category. In case of net export of solar energy by consumer in the grid during 07.00 hours to 18.00 hours of billing cycle, it shall be considered as surplus injection by consumer and same shall be compensated by DISCOM as per the rate mentioned in this agreement. iii. LT Other than demand-based consumers: The energy set-off shall be allowed on billing cycle basis. That means, the generated solar energy during a billing cycle shall be consumed by the consumer during the same billing cycle. In case of net import of energy by the consumer from grid, the energy consumed from Distributio...
Commercial Settlement. 6.1 All the commercial settlement under this agreement shall follow the Joint Electricity Regulatory Commission for Manipur and Mizoram (Metering for Grid Connected Renewable Energy) Regulations, 2016 and subsequent amendments thereof.
Commercial Settlement. All commercial settlements under this agreement shall be as per GERC (Net Metering Rooftop Solar PV Grid Interactive Systems) Regulations, 2016 amended from time to time and Order No. 3 of 2020 dated 08.05.2020 and Suo-Motu Order No. 06 of 2020-dated 05.08.2020 of the Gujarat Electricity Regulatory Commission and any subsequent orders in this regard. In case of the energy injected from Solar Power System set up by the prosumer sale to Distribution Licensee under gross metering arrangement shall be purchased by the Distribution Licensee at the rate mechanism decided and specified by the Commission in its Order dated 08.
Commercial Settlement. All the commercial settlements under this agreement shall be as per Government of Gujarat’s Solar Power Policy, 2021, GoG’s SURYA – Gujarat Scheme, Gujarat Electricity Regulatory Commission Regulations for Net Metering Rooftop Solar PV Grid Interactive Systems & its amendments and Order No. 1of 2015 dated 17.08.2015 of the Gujarat Electricity Regulatory Commission and any subsequent orders in this regard. The commercial settlement will be as follows: For Residential and common facility connections of Group Housing Societies/ Residential Welfare Association consumers (i) In case of net import of energy by the consumer from distribution grid during billing cycle, the energy consumed from Distribution Licensee shall be billed as per applicable tariff to respective category of consumers as approved by the Commission from time to time. The energy generated by Rooftop Solar PV System shall be set off against units consumed (not against load/demand) and consumer shall pay demand charges, other charges, penalty etc as applicable to other consumers. (ii) In case of net export of energy by the consumer to distribution grid during billing cycle, Distribution Licensee shall purchase surplus power, after giving set off against consumption during the billing period, at Rs.
Commercial Settlement. 8.1. The commercial settlements under this Agreement shall be in accordance with the Net Metering Regulations. 8.2. The Licensee shall not be liable to compensate the Eligible Consumer if his Rooftop Solar PV System is unable to inject surplus power generated into the Licensee's Network on account of failure of power supply in the grid/Network. 8.3. The existing metering System, if not in accordance with the Net Metering Regulations, shall be replaced by a bi-directional meter (whole current/CT operated) or a pair of meters (as per the definition of 'Net Meter' in the Regulations), and a separate generation meter may be provided to measure Solar power generation. The bi-directional meter (whole current/CT operated) or pair of meters shall be installed at the inter-connection point to the Licensee's Network for recording export and import of energy. 8.4. The uni-directional and bi-directional or pair of meters shall be fixed in separate meter boxes in the same proximity. 8.5. The Licensee shall issue monthly electricity bill for the net metered energy on the scheduled date of meter reading. If the exported energy exceeds the imported energy, the Licensee shall show the net energy exported as credited Units of electricity as specified in the Net Metering Regulations, 2015. If the exported energy is less than the imported energy, the Eligible Consumer shall pay the Distribution Licensee for the net energy imported at the prevailing tariff approved by the Commission for the consumer category to which he belongs.
Commercial Settlement. 8.1 The commercial settlements under this Agreement shall be in accordance with the Grid Interactive Renewable Regulations. 8.2 MSEDCL shall not be liable to compensate the Eligible Consumer if his Renewable Energy Generating System is unable to inject surplus power generated into MSEDCL’s Network on account of failure of power supply in the grid/Network. 8.3 The existing metering System, if not in accordance with the Grid Interactive Renewable Regulations, shall be replaced by a bi-directional meter (whole current/CT operated) and a separate Renewable Energy Generation Meter shall be provided to measure Renewable Energy generation. The bi-directional meter (whole current/CT operated) shall be installed at the inter-connection point to MSEDCL’s Network for recording export and import of energy. 8.4 The uni-directional and bi-directional meters shall be fixed in separate meter boxes in the same proximity. 8.5 The energy generated by the Renewable Energy Generating Station shall be offset against the energy consumption of the consumer from the MSEDCL in the following manner: a) If the quantum of electricity exported exceeds the quantum imported during the Billing Period, the excess quantum shall be carried forward to the next Billing Period as credited Units of electricity; b) If the quantum of electricity Units imported by the Eligible Consumer during any Billing Period exceeds the quantum exported, the MSEDCL shall raise its invoice for the net electricity consumption after adjusting the credited Units; c) The unadjusted net credited Units of electricity as at the end of each financial year shall be purchased by the MSEDCL at the Generic Tariff approved by the Commission for that year, within the first month of the following year: Provided that, at the beginning of each Settlement Period, the cumulative quantum of injected electricity carried forward will be re-set to zero; d) In case the Eligible Consumer is within the ambit of Time of Day (XxX) tariff, the electricity consumption in any time block, i.e. peak hours, off-peak hours, etc., shall be first compensated with the quantum of electricity injected in the same time block; any excess injection over and above the consumption in any other time block in a Billing Cycle shall be accounted as if the excess injection had occurred during off- peak hours; e) MSEDCL shall compute the amount payable to the Eligible Consumer for the excess Renewable Energy purchased by it as specified in Clause 8.5 (c), and sha...
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Commercial Settlement. All the commercial settlements under this agreement shall be as per Government of Gujarat’s Solar Power Policy 2015 and Order No. 1of 2015 dated 17.08.2015 of the Gujarat Electricity Regulatory Commission and any subsequent orders in this regard. The commercial settlement will be as follows: (A) Residential consumers and Government Building (i) In case of net import of energy by consumer from distribution grid during billing cycle, the energy consumed from Discom shall be billed as per applicable tariff to respective category of consumers as approved by GERC from time to time. The energy generated by Rooftop Solar system shall be set off against unit consumed (not against load/demand) and consumer shall pay demand charges, other charges penalty etc as applicable to other consumers. (ii) In case of net export of energy by consumer to distribution grid during billing cycle, Discom shall purchase surplus power after giving set off against consumption during the billing period at Average Pooled Power Purchase Cost (APPC) of the year of commissioning of Rooftop Solar PV system for the year in which the Rooftop Solar PV System is commissioned over the life of the system i.e. 25 years. Quantum of electricity generated by Rooftop Solar PV system shall be utilized for meeting RPO of Discoms. However, fixed / demand charges, other charges penalty etc shall be applicable as applicable to other consumers.
Commercial Settlement. 6.1 All the commercial settlement under this agreement shall follow the Net Metering Regulations, 2015 issued by JKSERC.
Commercial Settlement. All the commercial settlements under this agreement shall be as per Government of Gujarat’s Solar Power Policy 2015 and Order No. 3 of 2015 dated 17.08.2015 of the Gujarat Electricity Regulatory Commission and any subsequent orders in this regard. The commercial settlement will be as follows: Type-1 consumer (consumers not utilizing ‘Renewable’ attribute for RPO or REC) (i) In case of net import of energy by the consumers from distribution grid during billing cycle, the energy consumed from Distribution Licensee shall be billed as per applicable tariff to respective category of consumers as approved by the Commission from time to time. The energy generated by Rooftop Solar PV System shall be set off against units consumed (not against load/demand) and consumer shall pay demand charges, peak charges, other charges, penalty etc. as applicable to other consumers of respective category. (ii) In case of net export (net injection) of energy by the consumer to distribution grid during billing cycle, PGVCL shall compensate for surplus power, after giving set off against consumption during the billing period, at the rate of Rs.1.75 per Kwh, over the life of the Rooftop Solar PV system i.e. 25 years. The entire Solar energy generation of such consumer shall be utilized for meeting RPO of PGVCL. However, fixed / demand charges, peak charges, other charges, penalty etc. shall be payable as applicable to the respective category of consumers.
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