Common use of Commercial Settlement Clause in Contracts

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.

Appears in 5 contracts

Samples: Provisional Interconnection Agreement, Provisional Interconnection Agreement, Provisional Interconnection Agreement

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