Common use of Commercial Settlement Clause in Contracts

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 Distribution Licensee during the same billing cycle 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 the respective category of consumers. In case of net export of solar energy by consumer in the grid during the 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.

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, peak 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 solar 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 Distribution Licensee during the same billing cycle 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 the respective category of consumers. In case of net export of solar energy by consumer in the grid during the 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.

Commercial Settlement. All the commercial settlements under this agreement shall be as per Gujarat Electricity Regulatory Commission Regulations for Net Metering Rooftop Solar PV Grid Interactive Systems including amendments based on Solar Policy read with applicable Rules. The commercial settlement will be as follows:: Residential and common facility connections of Group Housing Societies, Residential Welfare Association consumers 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. (i) In case of net import of energy by the consumer from distribution grid during 07.00 hours to 18.00 hours of same daybilling cycle, it 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 exported out of total generated solar units by Rooftop Solar PV System shall be set off against units consumed (not against load/demand) during the billing period and consumer shall pay demand charges, other charges, penalty etc. etc as applicable to other consumers of respective category. consumers. (ii) In case of net export of solar energy by the consumer in the to distribution grid during 07.00 hours to 18.00 hours on the same day basisbilling cycle, it Distribution Licensee shall be considered as compensate for 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 meanspower (if any), the injected solar energy in the grid during a billing cycle shall be after giving set off against consumption during the billing period, at the rate of consumer during 07.00 hours to 18.00 hours Rs. 2.25 per unit for the first 5 years from commissioning of project and thereafter for the remaining term of the same billing cycleproject at 75% of the simple average of tariff discovered and contracted under competitive bidding process conducted by GUVNL for non-park based solar projects in the preceding 6-month period, i.e. either April to September or October to March as the case may be, from the commercial operation date (COD) of the project, subject to approval of Hon’ble GERC. 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 Such surplus purchase shall be billed as per applicable tariff to respective category utilized for meeting RPO of consumers as approved by the Commission from time to timeDistribution Licensee. The energy generated by Solar PV System shall be set off against units consumed (not against load/demand) and consumer shall pay However, fixed / demand charges, other charges, penalty etc. etc shall be payable as applicable to other consumers consumers. Provided that in case the consumer is setting up additional solar rooftop capacity under the scheme over and above solar rooftop capacity set up prior to this scheme, surplus energy of respective categoryentire solar rooftop capacity shall be purchased by Distribution Company at the rate of Rs. 2.25 /unit for the first 5 years from commissioning of project and thereafter for the remaining term of the project at 75% of the simple average of tariff discovered and contracted under competitive bidding process conducted by GUVNL for non-park based solar projects in the preceding 6-month period, i.e. either April to September or October to March as the case may be, from the commercial operation date (COD) of the project, treating earlier agreement as cancelled In case of net export of solar energy injection, net amount receivable by consumer in the grid during 07.00 hours to 18.00 hours of billing cycle, it a xxxx shall be considered as surplus injection credited in consumer’s account and will be adjusted against xxxx amount payable in subsequent months. However, at the end of year, if net amount receivable by consumer is more than Rs. 100/- and consumer requests for payment, the same may be paid. Such payment shall be compensated by DISCOM as per the rate mentioned made only once in this agreementa year based on yearend position and request of consumer. 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 Distribution Licensee during the same billing cycle 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 the respective category of consumers. In case of net export of solar energy by consumer in the grid during the 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.

Commercial Settlement. All the commercial settlements under this agreement shall be as per Gujarat Electricity Regulatory Commission Regulations for Net Metering Rooftop Solar PV Grid Interactive Systems including amendments based on Solar Policy read with applicable Rules. The commercial settlement will be as follows:: Residential and common facility connections of Group Housing Societies, Residential Welfare Association consumers 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. (i) In case of net import of energy by the consumer from distribution grid during 07.00 hours to 18.00 hours of same daybilling cycle, it 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 exported out of total generated solar units by Rooftop Solar PV System shall be set off against units consumed (not against load/demand) during the billing period and consumer shall pay demand charges, other charges, penalty etc. etc as applicable to other consumers of respective category. consumers. (ii) In case of net export of solar energy by the consumer in the to distribution grid during 07.00 hours to 18.00 hours on the same day basisbilling cycle, it Distribution Licensee shall be considered as compensate for 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 meanspower (if any), the injected solar energy in the grid during a billing cycle shall be after giving set off against consumption during the billing period, at the rate of consumer during 07.00 hours to 18.00 hours Rs. 2.25 per unit for the first 5 years from commissioning of project and thereafter for the remaining term of the same billing cycleproject at 75% of the simple average of tariff discovered and contracted under competitive bidding process conducted by GUVNL for non-park based solar projects in the preceding 6-month period, i.e. either April to September or October to March as the case may be, from the commercial operation date (COD) of the project, subject to approval of Hon’ble GERC. 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 Such surplus purchase shall be billed as per applicable tariff to respective category utilized for meeting RPO of consumers as approved by the Commission from time to timeDistribution Licensee. The energy generated by Solar PV System shall be set off against units consumed (not against load/demand) and consumer shall pay However, fixed / demand charges, other charges, penalty etc. etc shall be payable as applicable to other consumers consumers. Provided that in case the consumer is setting up additional solar rooftop capacity under the scheme over and above solar rooftop capacity set up prior to this scheme, surplus energy of respective categoryentire solar rooftop capacity shall be purchased by Distribution Company at the rate of Rs. 2.25 /unit for the first 5 years from commissioning of project and thereafter for the remaining term of the project at 75% of the simple average of tariff discovered and contracted under competitive bidding process conducted by GUVNL for non-park based solar projects in the preceding 6-month period, i.e. either April to September or October to March as the case may be, from the commercial operation date (COD) of the project, treating earlier agreement as cancelled In case of net export of solar energy injection, net amount receivable by consumer in the grid during 07.00 hours to 18.00 hours of billing cycle, it a xxxx shall be considered as surplus injection credited in consumer’s account and will be adjusted against xxxx amount payable in subsequent months. However, at the end of year if net amount receivable by consumer is more than Rs. 100/- and consumer requests for payment, the same may be paid. Such payment shall be compensated by DISCOM as per the rate mentioned made only once in this agreementa year based on year end position and request of consumer. 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 Distribution Licensee during the same billing cycle 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 the respective category of consumers. In case of net export of solar energy by consumer in the grid during the 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.

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: 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 (a) Type-1 consumer during 07.00 hours to 18.00 hours on the same day basis. (consumers not utilizing ‘Renewable’ attribute for RPO orREC) (i) In case of net import of energy by the consumer consumers from distribution grid during 07.00 hours to 18.00 hours of same daybilling cycle, it 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 of solar energy by the consumer in the to distribution grid during 07.00 hours to 18.00 hours on the same day basisbilling cycle, it Distribution Licensee shall be considered as purchase 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 meanspower, the injected solar energy in the grid during a billing cycle shall be after giving set off against consumption during the billing period, at the Average Pooled Power Purchase Cost (APPC) or at the lowest rate discovered through competitive bidding process anywhere in India and available on 1st day of consumer financial year for the project commissioned during 07.00 hours April to 18.00 hours September and available on 1st day of October for projects commissioned during October to march, whichever is lower. This rate shall remain fixed for the same billing cycleentire period of this agreement i.e. 25 years. After giving set off Quantum of solar energy in terms electricity generated by Rooftop Solar PV system shall be utilized for meeting RPO of aboveTorrent Power Limited. However, in fixed / demand charges, other charges, penalty etc shall be payable as applicable to other consumers. (b) Type-2 (a) consumers utilizing renewable attribute to meet its RPO (i) Energy accounting shall be undertaken on 15 minute basis. In case of net import of energy by the consumer from grid during 07.00 hours to 18.00 hours of billing cycledistribution grid, it 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 the respective category of respective category. consumers. (ii) In case of net export of solar energy by the consumer in the to distribution grid during 07.00 hours to 18.00 hours of billing cycle, it Distribution Licensee shall purchase surplus power, after giving set off against consumption during the billing period, at the Average Pooled Power Purchase Cost (APPC) or at the lowest rate discovered through competitive bidding process anywhere in India and available on 1st day of financial year for the project commissioned during April to September and available on 1st day of October for projects commissioned during October to march, whichever is lower. This rate shall remain fixed for the entire period of this agreement i.e. 25 years. Quantum of electricity generated by Rooftop Solar PV system shall be considered as surplus injection by consumer and same utilized for meeting RPO of Torrent Power Limited. However, fixed / demand charges, other charges, penalty etc shall be compensated by DISCOM payable as per the rate mentioned in this agreementapplicable to other consumers. iii. LT Other than demand-based consumers: The energy set-off (c) Type-2 (b) – consumers utilizing renewable attribute under REC Mechanism (i) Energy accounting shall be allowed undertaken on billing cycle 15 minute 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 distribution grid, the energy consumed from Distribution Licensee during the same billing cycle 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 the respective category of consumers. . (ii) In case of net export of solar energy by the consumer in the to distribution grid during billing cycle, Distribution Licensee shall purchase surplus power, after giving set off against consumption during the billing cycleperiod, it at the Average Pooled Power Purchase Cost (APPC) or at the lowest rate discovered through competitive bidding process anywhere in India and available on 1st day of financial year for the project commissioned during April to September and available on 1st day of October for projects commissioned during October to march, whichever is lower. This rate shall remain fixed for the entire period of this agreement i.e. 25 years. Quantum of electricity generated by Rooftop Solar PV system shall be considered as surplus injection by consumer and same utilized for meeting RPO of Torrent Power Limited. However, fixed / demand charges, other charges, penalty etc shall be compensated by DISCOM payable as per the rate mentioned in this agreementapplicable to other consumers.

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: 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. (i) In case of net import of energy by the consumer consumers from distribution grid during 07.00 hours to 18.00 hours of same daybilling cycle, it 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 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 peak charges, other charges, penalty etc. as applicable to other consumers of respective category. . (ii) 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 inject) of energy by the consumer from gridto distribution grid during billing cycle, the energy consumed from Distribution Licensee during the same billing cycle 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 Compensate for surplus power, after giving set off against units consumed consumption during the billing period, at rate of Rs.1.75 per unit or the rate, if any, specified by the commission for surplus Injection Compensation (not against load/demandSIC) and consumer from time, over the life of the Rooftop Solar PV system. I.e.25 years. The entire solar energy generation of such Consumer shall pay be utilized for meeting RPO of MGVCL. However, fixed / demand charges, other charges, penalty penalty, etc. shall be payable as applicable to the respective category of consumers. (iii) In case of Installation of Roof Top Solar PV by the MSME(Manufacturing Enterprise) consumer is within 50% of Contracted Demand, then it shall be Goveverned by clause (i) & (ii) as above. In case of installation of Rooftop Solar PV by the MSME (Manufacturing Enterprise) consumer is more than 50% of Contract Demand, than the energy accounting shall be carried out on 15 minutes time block basis. In case of net export (net injection) of solar power on 15 minutes basis after giving set off against consumption,, the Distribution Licensee shall compensate for such surplus power at the rate of Rs 1.75 per unit or the rate, if any, specified by the Commission for Surplus Injection Compensation (SIC) from time to time, over the life of the Rooftop Solar PV system i.e.25 years. The entire Solar energy by generation of such consumer in the grid during the billing cycle, it shall be considered as surplus injection by consumer and same utilized for meeting the RPO of that Distribution Licensee, However, fixed/demand charges, peak charges, other charges, penalty, etc. shall be compensated by DISCOM payable as per applicable to the rate mentioned in this agreement.respective category of consumer <,

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 Distribution Licensee during the same billing cycle 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 the respective category of consumers. In case of net export of solar energy by consumer in the grid during the 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.billing

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 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. (i) In case of net import of energy by the consumer consumers from distribution grid during 07.00 hours to 18.00 hours of same daybilling cycle, it 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 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 peak charges, other charges, penalty etc. as applicable to other consumers of respective category. . (ii) 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 injection) of energy by the consumer from gridto distribution grid during billing cycle, the energy consumed from Distribution Licensee shall compensate for surplus power, after giving set off against consumption during the same billing cycle shall be billed as period, at the rate of Rs. 1.75 per applicable tariff to respective category of consumers as approved unit or the rate, if any, specified by the Commission for Surplus Injection Compensation (SIC) from time to time, over the life of the Rooftop Solar PV system i.e. 25 years. The entire Solar energy generated by Solar PV System generation of such consumer shall be set off against units consumed (not against load/demand) and consumer shall pay utilized for meeting the RPO of that Distribution Licensee. However, fixed / demand charges, peak charges, other charges, penalty penalty, etc. shall be payable as applicable to the respective category of consumers. (iii) In case of installation of Roof Top Solar PV by the MSME(Manufacturing Enterprise) consumer is within 50% of Contracted Demand, then it shall be governed by Clause (i) & (ii) as above In case of installation of Roof Top Solar PV by the MSME (Manufacturing Enterprise) consumer is more than 50% of Contracted Demand, then the energy accounting shall be carried out on 15 minutes time block basis. In case of net export (net injection) of solar power on 15 minutes basis after giving set off against consumption, the Distribution Licensee shall compensate for such surplus power at the rate of Rs. 1.75 per unit or the rate, if any, specified by the Commission for Surplus Injection Compensation (SIC) from time to time, over the life of the Rooftop Solar PV system i.e. 25 years. The entire Solar energy by generation of such consumer in the grid during the billing cycle, it shall be considered as surplus injection by consumer and same utilized for meeting the RPO of that Distribution Licensee. However, fixed / demand charges, peak charges, other charges, penalty, etc. shall be compensated by DISCOM payable as per applicable to the rate mentioned in this agreement.respective category of consumers

Commercial Settlement. All the commercial settlements under this agreement shall be as per Government of Gujarat’s Solar Power Policy 2015, Notification no. 5 of 2016 Regulations for Net Metering Rooftop Solar PV Grid Interactive Systems read with Notification No. 2 of 2020 GERC (Net Metering Rooftop Solar PV Grid Interactive Systems) (Second Amendment) Regulations, 2020 and any subsequent amendments in this regard. 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 (a) Type-1 consumer (consumers not utilizing ‘Renewable’ attribute for RPO or EHV consumer during 07.00 hours to 18.00 hours on the same day basis. REC) (i) In case of net import of energy by the consumer consumers from distribution grid during 07.00 hours to 18.00 hours of same daybilling cycle, it 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 solar energy by the consumer in the to distribution 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 meanscycle, the injected solar energy in the grid during a billing cycle Distribution Licensee shall be compensate for surplus power (if any), after giving set off against consumption during the billing period, at the rate of consumer during 07.00 hours Rs. 1.75 per unit or at the rate specified by the Commission for Surplus Injection Compensation (SIC) from time to 18.00 hours time, over the life of the same billing cycleRooftop Solar PV system i.e. 25 years. After giving set off The entire Solar energy generation of solar energy in terms such consumer shall be utilized for meeting the RPO of abovethat Distribution Licensee. However, in fixed / demand charges, peak charges, other charges, penalty, etc. shall be payable as applicable to the respective category of consumers.” (b) Type-2 (a) consumers utilizing renewable attribute to meet its RPO (i) Energy accounting shall be undertaken on 15 minute basis. In case of net import of energy by the consumer from grid during 07.00 hours to 18.00 hours of billing cycledistribution grid, it 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 the respective category of respective category. consumers. (ii) “In case of net export (net injection) of solar power on 15 minutes basis after giving set off against consumption, the Distribution Licensee shall compensate for such surplus power (if any) at the rate of Rs. 1.75 per unit or the rate specified by the Commission for Surplus Injection Compensation (SIC) from time to time, over the life of the Rooftop Solar PV system i.e. 25 years. Such surplus energy purchased by consumer in the grid during 07.00 hours to 18.00 hours of billing cycle, it Distribution Licensee shall be considered as surplus injection by consumer and same utilized for meeting the RPO of that Distribution Licensee. However, fixed / demand charges, peak charges, other charges, penalty, etc. shall be compensated by DISCOM payable as per applicable to the rate mentioned in this agreementrespective category of consumers.” iii. LT Other than demand-based consumers: The energy set-off (c) Type-2 (b) consumers utilizing renewable attribute under REC Mechanism (i) Energy accounting shall be allowed undertaken on billing cycle 15 minute 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 distribution grid, the energy consumed from Distribution Licensee during the same billing cycle 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 the respective category of consumers. . (ii) “In case of net export (net injection) of solar energy power on 15 minutes basis after giving set off against consumption, the Distribution Licensee shall compensate for such surplus power (if any) at the rate of Rs. 1.50 per unit or the rate specified by consumer in the grid during Commission for Surplus Injection Compensation (SIC) from time to time, over the billing cyclelife of the Rooftop Solar PV system i.e. 25 years. However, it fixed / demand charges, peak charges, other charges, penalty, etc. shall be considered payable as surplus injection by consumer and same shall be compensated by DISCOM as per applicable to the rate mentioned in this agreementrespective category of consumers.”

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:: For Industrial, Commercial and other consumers Type-1 consumer (consumers not utilizing ‘Renewable’ attribute for RPO or REC) 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. (i) In case of net import of energy by the consumer consumers from distribution grid during 07.00 hours to 18.00 hours of same daybilling cycle, it 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 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 peak charges, other charges, penalty etc. as applicable to other consumers of respective category. . (ii) 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 gridto distribution grid during billing cycle, the energy consumed from Distribution Licensee shall purchase surplus power, after giving set off against consumption during the same billing cycle shall be billed as per applicable tariff to respective category period, at APPC rate of consumers as approved by the Commission from time to time. The energy generated by year of commissioning of the Rooftop Solar PV system for the year in which the Rooftop Solar PV System is commissioned or at the lowest rate discovered through competitive bidding process anywhere in India as available in on 1st day of financial year for Projects commissioned during April –sep and as available on 1st day of October for projects commissioned during Oct-March, whichever is lower, x.x.xx Rs ……………… over the life of the system i.e. 25 years. Quantum of electricity generated by Rooftop Solar PV system shall be set off against units consumed (not against load/demand) and consumer shall pay utilized for meeting RPO of UGVCL. However, fixed / demand charges, other charges, penalty etc. shall be payable as applicable to the respective category of other consumers. In case of net export of solar energy by consumer in the grid during the 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.

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 Distribution Licensee during the same billing cycle 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 the respective category of consumers. In case of net export of solar energy by consumer in the grid during the 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.

Commercial Settlement. All the commercial settlements under this agreement shall be as per Government of Gujarat’s Solar Power Policy 2015, Order No. 1of 2015 dated 17.08.2015 and G.R for MSME - No. SLR-11/2015/2442/B1 dated 1st September 2020 of the Gujarat Government (EPD), its amendment dated 26th September, 2019 and any subsequent orders in this regard. The commercial settlement will be as follows: i. In case of HV/EHV consumers: The solar energy set-off (a) Type-1 (consumers not utilizing ‘Renewable’ attribute for RPO or REC) (i) Energy accounting shall be allowed between 07.00 carried out on 07:00 hours to 18.00 18:00 hours basis of the same day basisday. That means, the injected generated solar energy in the grid shall be set off against consumption of HT or EHV consumer consumed during 07.00 hours 07:00 to 18.00 18:00 hours on the same day basisday. In case of net import of energy by the consumer consumers from distribution grid during 07.00 hours to 18.00 hours of same daybilling cycle, it 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 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 peak charges, other charges, penalty etc. as applicable to other consumers of respective category. . (ii) 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 injection) of energy by the consumer from gridto distribution grid during 07:00 hours to 18:00 hours, the energy consumed from Distribution Licensee shall compensate for surplus power (if any), after giving set off against consumption during the same billing cycle shall be billed as period, at the rate of Rs. 2.25 per applicable tariff to respective category of consumers as approved unit or at the rate specified by the Commission for Surplus Injection Compensation (SIC) from time to time, over the life of the Rooftop Solar PV system i.e. 25 years. The entire Solar energy generated by Solar PV System generation of such consumer shall be set off against units consumed (not against load/demand) and consumer shall pay utilized for meeting the RPO of that Distribution Licensee. However, fixed / demand charges, peak charges, other charges, penalty penalty, etc. shall be payable as applicable to the respective category of consumers. In Provided that; in case the consumer is setting up additional solar rooftop capacity under the MSME scheme over and above solar rooftop capacity set up prior to this scheme, surplus energy of net export of entire solar energy by consumer in the grid during the billing cycle, it rooftop capacity shall be considered purchased by Distribution company at the rate of Rs.2.25/ unit for 25 years treating earlier agreement dated _ for _ _ KW is treated as surplus injection by consumer and same cancelled. (iii) As per XxX-XXX X.X. Xx. XXX-00/0000/0000/X0 amendment dated 26th Sept-2019; clause 3: Electricity Duty shall be compensated by DISCOM applicable at applicable rate. Amount of Electricity Duty recovered shall be paid to DISCOMs towards cross subsidization. This applicable rate might be varying as per the rate mentioned in this agreementamendment and to be paid accordingly.