Monthly Generation Report Sample Clauses
The Monthly Generation Report clause requires one party, typically the energy producer, to provide regular reports detailing the amount of energy generated each month. These reports usually include data such as total output, operational hours, and any relevant incidents or maintenance activities that may have affected production. By mandating consistent and transparent reporting, this clause ensures that all parties have accurate and timely information for billing, performance monitoring, and compliance purposes.
Monthly Generation Report. Seller shall, on a monthly basis, provide to Buyer and the IPA (i) hourly MWh generation data applicable to the Project and (ii) hourly real time locational marginal prices at the applicable hub indicated in the Product Order (either PJM-NIHUB or MISO-IL) for each calendar month of the Acceptable Vintage Period within five (5) Business Days after the conclusion of such Vintage month. This information provided shall be rounded to the sixth (6th) decimal place and shall be provided in Microsoft Excel format. For purposes of verification, Buyer and the IPA shall be granted read-only access of information for the Project by Seller within PJM Power Meter system or MISO Market Portal, as applicable, within thirty (30) days of: the Effective Date of this Agreement or the Date of First Operation (or the Hydropower Refurbishment Completion Date if the Project is a Hydropower Project that is newly Modernized or Retooled), whichever is later; such data shall be treated and maintained as confidential and proprietary by the IPA and Buyer. If Seller uncovers errors related to the hourly MWh generation data for a Vintage Month provided by Seller that exceeds 5% of the aggregate generation data for the Vintage Month, Seller shall notify and submit corrected data to Buyer and the IPA within three (3) months of the original deadline for data submission for such Vintage Month for recalculation of the REC Monthly Price by the IPA. The IPA shall endeavor on a commercially reasonable basis to issue to Buyer and Seller a revised Price Calculation Notice for such Vintage Month within thirty (30) days of receipt of Seller’s corrected data. Upon receipt of the revised Price Calculation Notice, Seller shall submit in its upcoming invoice a separate line item (or a separate invoice if the invoice related to the Latest Vintage Month has already been issued) that includes a payment adjustment based on the revised Price Calculation Notice; such payment adjustment shall be calculated as the multiplicative product of (a) the REC quantities of such Vintage Month that were previously paid and (b) the difference between the initial REC Monthly Price and the revised REC Monthly Price for such Vintage Month. For avoidance of doubt, this payment adjustment shall be due to a change in the REC Monthly Price only and there shall be no changes in the quantity of RECs related to this payment adjustment.
Monthly Generation Report. Seller shall, on a monthly basis, provide to Buyer and the IPA (i) hourly MWh generation data applicable to the Project and (ii) hourly real time locational marginal prices at the applicable hub indicated in the Product Order (either PJM-NIHUB or MISO-IL) for each calendar month of the Acceptable Vintage Period within five (5) Business Days after the conclusion of such Vintage month. This information provided shall be rounded to the sixth (6th) decimal place and shall be provided in Microsoft Excel format. The information provided will be considered final and will not be subject to reconciliation once it is verified for use for calculating the REC Monthly Price by the IPA. For purposes of verification, Buyer and the IPA shall be granted read-only access of information for the Project by Seller within PJM Power Meter system or MISO Market Portal as applicable; such data shall be treated and maintained as confidential and proprietary by the IPA and Buyer. [Commenter 7 Note: Can we include some language around when the read-only access needs to be granted by (i.e. within X days of being interconnected).]