Common use of Energy Accounting and Settlement Clause in Contracts

Energy Accounting and Settlement. 6.1. At the end of each Billing Cycle, the Distribution Licensee will take readings of imported and exported energy as recorded in the bi-directional Service Connection Meter. The Prosumer will be presented an Invoice / Electricity Xxxx indicating the difference between imported and exported energy (i.e. the net-imported energy). The xxxx will be raised at the consumer tariff applicable to the Prosumer’s service connection, if the import is higher than the export of the energy,. 6.2. If during a Billing Cycle including any export surplus already available to the credit of the Prosumer at the beginning of the billing cycle or a credit of banked energy available, the energy exported exceeds the energy imported, the export surplus will be carried over to the next Billing Cycle in kWh (electricity units) as a credit to be adjusted in the next Billing Cycle(s) for the unadjusted exported units in terms of energy units. 6.3. The surplus Solar Power generated during peak tariff timings at the credit of the Prosumer will be adjusted against peak tariff rates ( if applicable) and balance credit units will be adjusted against energy imports at non-peak rates. 6.4. A final settlement energy xxxx shall be prepared by the Distribution Licensee at the end of each Settlement Period, after crediting the Exported Energy Surplus (in kWh) in other service connections of the Prosumer under the Group Net Metering facility or Net Metering (as applicable), if the Prosumer opts for using this facility. 6.5. The Exported Energy Surplus which has not been adjusted in another service connection of Prosumer under the Group Net Metering facility shall be paid for by the Distribution Licensee at the applicable Solar Tariff for which Distribution Licensee shall issue an Energy Export Payment Advice within 15 (Fifteen) days from the end of a Settlement Period. If Distribution Licensee fails to issue an Energy Export Payment Advice within the stipulated time of 15 (Fifteen days), Prosumer is entitled to receive payment for the Exported Energy Surplus on the basis of a payment demand letter issued by the Prosumer to the Distribution Licensee. In case such an energy export advice is not issued by the Distribution Licensee in time, then the Prosumer can raise such an invoice. Payment for such Exported Energy Surplus shall be made by the Distribution Licensee to the Prosumer within 30 (thirty) days from the date of the receipt of Energy Export Payment Advice along with interest for the delayed payment through a payment authorisation letter by direct transfer to the bank account of the Prosumer. 6.6. The energy exported to the Grid (measured in kWh) can only be utilized to offset the electricity consumption (measured in kWh) and not for adjustment of any other fees or charges levied by the Distribution Licensee. 6.7. The settlement of overall export energy surplus may be done twice a year i.e. by 30th September and 31st March or once a year i.e. 31st March (if opted by the Prosumer), and payments released not later than 31st October (if applicable) and 30th April of the next financial year and payments released in electricity xxxx for export of Solar Energy (if any) at the feed in Tariff rates (with applicable peak and non- peak tariffs, if appplicable) announced by the Commission for the year the Plant was Commissioned. The mode of payment can be a cheque or bank transfer. 6.8. The Solar Energy Tariff agreed upon between Distribution Licensee and Solar Power Generator under this agreement is as detailed below: a) Reference to Solar Power Tariff order of the Commission: [•solar energy tariff order number and date•] b) Price per kilowatt-hour: Rs. [•number•].

Energy Accounting and Settlement. 6.1. At the end of each Billing Cycle, the Distribution Licensee will take readings of imported and exported energy as recorded in the bi-directional Service Connection Meter. The Prosumer will be presented an Invoice / Electricity Xxxx Bill indicating the difference between imported and exported energy (i.e. the net-imported energy). The xxxx bill will be raised at the consumer tariff applicable to the Prosumer’s service connection, if the import is higher than the export of the energy,. 6.2. If during a Billing Cycle including any export surplus already available to the credit of the Prosumer at the beginning of the billing cycle or a credit of banked energy available, the energy exported exceeds the energy imported, the export surplus will be carried over to the next Billing Cycle in kWh (electricity units) as a credit to be adjusted in the next Billing Cycle(s) for the unadjusted exported units in terms of energy units. 6.3. The surplus Solar Power generated during peak tariff timings at the credit of the Prosumer will be adjusted against peak tariff rates ( if applicable) and balance credit units will be adjusted against energy imports at non-peak rates. 6.4. A final settlement energy xxxx bill shall be prepared by the Distribution Licensee at the end of each Settlement Period, after crediting the Exported Energy Surplus (in kWh) in other service connections of the Prosumer under the Group Net Metering facility or Net Metering (as applicable), if the Prosumer opts for using this facility. 6.5. The Exported Energy Surplus which has not been adjusted in another service connection of Prosumer under the Group Net Metering facility shall be paid for by the Distribution Licensee at the applicable Solar Tariff for which Distribution Licensee shall issue an Energy Export Payment Advice within 15 (Fifteen) days from the end of a Settlement Period. If Distribution Licensee fails to issue an Energy Export Payment Advice within the stipulated time of 15 (Fifteen days), Prosumer is entitled to receive payment for the Exported Energy Surplus on the basis of a payment demand letter issued by the Prosumer to the Distribution Licensee. In case such an energy export advice is not issued by the Distribution Licensee in time, then the Prosumer can raise such an invoice. Payment for such Exported Energy Surplus shall be made by the Distribution Licensee to the Prosumer within 30 (thirty) days from the date of the receipt of Energy Export Payment Advice along with interest for the delayed payment through a payment authorisation letter by direct transfer to the bank account of the Prosumer. 6.6. The energy exported to the Grid (measured in kWh) can only be utilized to offset the electricity consumption (measured in kWh) and not for adjustment of any other fees or charges levied by the Distribution Licensee. 6.7. The settlement of overall export energy surplus may be done twice a year i.e. by 30th September and 31st March or once a year i.e. 31st March (if opted by the Prosumer), and payments released not later than 31st October (if applicable) and 30th April of the next financial year and payments released in electricity xxxx bill for export of Solar Energy (if any) at the feed in Tariff rates (with applicable peak and non- peak tariffs, if appplicable) announced by the Commission for the year the Plant was Commissioned. The mode of payment can be a cheque or bank transfer. 6.8. The Solar Energy Tariff agreed upon between Distribution Licensee and Solar Power Generator under this agreement is as detailed below: a) Reference to Solar Power Tariff order of the Commission: [•solar energy tariff order number and date•] b) Price per kilowatt-hour: Rs. [•number•].