Common use of Energy Charge Clause in Contracts

Energy Charge. Each month beginning on the earlier of the ------------- Commercial Operations Date or the Target COD and continuing for the Term, Buyer shall pay Seller an Energy Charge to the extent Seller delivers Electric Energy, Incremental Energy, Replacement Power or Test Energy. The Energy Charge for a billing month shall equal to the difference between (A) the sum of (a) the product of the total Electric Energy (in MWh) delivered to Buyer at the Point of Delivery from the Facility pursuant to Buyer's Dispatch orders, multiplied by the Facility Electric Energy Rate for each hour of such month plus (b) the product of the total Replacement Power (in MWh) provided by Seller to Buyer at the Replacement Power Delivery Point pursuant to Buyer's Dispatch orders, multiplied by the Replacement Power Energy Rate for each hour of such month adjusted for any Differential Transmission Adjustments incurred by Buyer plus (c) the product of the total Incremental Energy delivered to Buyer at the Point of Delivery pursuant to Section 4.3 multiplied by the Incremental Energy Rate for each hour of such month, plus (d) the product of the Test Energy (either Pre COD Test Energy or Post COD Test Energy, as applicable) multiplied by the applicable Test Energy Rate, minus (B) any Substitute Power Cost Credit.

Energy Charge. Each month beginning on the earlier of the ------------- Commercial Operations Date or the Target COD and continuing for the Term, Buyer shall pay Seller an Energy Charge to the extent Seller delivers Electric Energy, Incremental Energy, Replacement Power or Test Energy. The Energy Charge for a billing month shall equal to the difference between (A) the sum of (a) the product of the total Electric Energy (in MWh) delivered to Buyer at the Point of Delivery from the Facility pursuant to Buyer's Dispatch orders, multiplied by the Facility Electric Energy Rate for each hour of such month plus (b) the product of the total Replacement Power (in MWh) provided by Seller to Buyer at the Replacement Power Delivery Point pursuant to Buyer's Dispatch orders, multiplied by the Replacement Power Energy Rate for each hour of such month adjusted for any Differential Transmission Adjustments incurred by Buyer plus (c) the product of the total Incremental Energy delivered to Buyer at the Point of Delivery pursuant to Section 4.3 multiplied by the Incremental Energy Rate for each hour of such month, plus (d) the product of the Test Energy (either Pre COD Test Energy or Post COD Test Energy, as applicable) multiplied by the applicable Test Energy Rate, minus (B) any Substitute Power Cost Credit.