Common use of Negative REC Payments Clause in Contracts

Negative REC Payments. In the event that a Bidder’s REC price is negative, as indicated in the Cover Sheet, an invoice for negative REC payments will be issued to the Tariff Payment Beneficiary in March of each calendar year. Failure to pay such invoice in a timely manner will result in the following penalties:

Negative REC Payments. In the event that a Bidder’s REC price is negative, as indicated in the Cover Sheet, an invoice for negative REC payments will be issued to the Tariff Payment Beneficiary in March of each calendar year. Failure to pay such invoice in a timely manner will result in the following penalties:: ONLY

Negative REC Payments. In the event that a Bidder’s REC price is negative, as indicated in the Cover Sheet, an invoice for negative REC payments will be issued to the Tariff Payment Beneficiary in March of each calendar year. Failure to pay such invoice in a timely manner will result in the following penalties:: For Reference