Common use of OPTIONAL GREEN PRODUCT Clause in Contracts

OPTIONAL GREEN PRODUCT. The Competitive Supplier shall include Renewable Energy in the All- Requirements Power Supply mix in an amount equal to the respective requirements of the Massachusetts’ (a) Renewable Portfolio Standard, (b) Alternative Energy Portfolio Standard, (c) Clean Energy Standard, and (d) Clean Peak Energy Standard, each starting with the year in which load is served on the Start-Up Service Date, or otherwise pay the alternative compliance payment rate as determined by the relevant Massachusetts regulatory authority. For the purposes of clarity, the Competitive Supplier shall be responsible for (a) the annual Clean Energy Standard purchase obligations as defined in 310 CMR 7.75 as of the Effective Date, (b) the amended draft regulations of the Renewable Energy Portfolio Standard and Alternative Energy Portfolio Standard as filed by the Department of Energy Resources on April 5, 2019, and (c) the annual Clean Peak Energy Standard purchase obligations as filed by the Massachusetts Department of Energy Resources with the General Court on March 19, 2020. The price stated above also includes the purchase of National Wind RECs for a total amount equal to 100% Renewable Energy. The Competitive Supplier shall identify the technology, vintage, and location of the renewable generators that are the sources of the Renewable Energy Certificates (RECs). All such RECs will be created and recorded in the New England Power Pool Generation Information System or be certified by a third party such as Green-e. [100% National Wind RECs]

Appears in 2 contracts

Samples: Competitive Electric Service Agreement, Competitive Electric Service Agreement

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OPTIONAL GREEN PRODUCT. The Competitive Supplier shall include Renewable Energy in the All- Requirements Power Supply mix in an amount equal to the respective requirements of the Massachusetts’ (a) Renewable Portfolio Standard, (b) Alternative Energy Portfolio Standard, (c) Clean Energy Standard, and (d) Clean Peak Energy Standard, each starting with the year in which load is served on the Start-Up Service Date, or otherwise pay the alternative compliance payment rate as determined by the relevant Massachusetts regulatory authority. For the purposes of clarity, the Competitive Supplier shall be responsible for (a) the annual Clean Energy Standard purchase obligations as defined in 310 CMR 7.75 as of the Effective Date, (b) the amended draft regulations of the Renewable Energy Portfolio Standard and Alternative Energy Portfolio Standard as filed by the Department of Energy Resources on April 5, 2019, and (c) the annual Clean Peak Energy Standard purchase obligations as filed by the Massachusetts Department of Energy Resources with the General Court on March 19, 2020. The price stated above also includes the purchase of National Wind MA Class I RECs for a total amount equal to 100% Renewable Energy. The Competitive Supplier shall identify the technology, vintage, and location of the renewable generators that are the sources of the Renewable Energy Certificates (RECs). All such RECs will be created and recorded in the New England Power Pool Generation Information System or be certified by a third party such as Green-e. [100% National Wind MA Class I RECs]

Appears in 2 contracts

Samples: Competitive Electric Service Agreement, Competitive Electric Service Agreement

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OPTIONAL GREEN PRODUCT. The Competitive Supplier shall include Renewable Energy in the All- Requirements Power Supply mix in an amount equal to the respective requirements of the Massachusetts' (a) Renewable Portfolio Standard, (b) Alternative Energy Portfolio Standard, (c) Clean Energy Standard, and (d) Clean Peak Energy Standard, each starting with the year in which load is served on the Start-Up Service Date, or otherwise pay the alternative compliance payment rate as determined by the relevant Massachusetts regulatory authority. For the purposes of clarity, the Competitive Supplier shall be responsible for (a) the annual Clean Energy Standard purchase obligations as defined in 310 CMR 7.75 as of the Effective Date, (b) the amended draft regulations of the Renewable Energy Portfolio Standard and Alternative Energy Portfolio Standard as filed by the Department of Energy Resources on April 5, 2019, and (c) the annual Clean Peak Energy Standard purchase obligations as filed by the Massachusetts Department of Energy Resources with the General Court on March 19, 2020. The price stated above also includes the purchase of National Wind RECs for a total amount equal to 100% Renewable Energy. The Competitive Supplier shall identify the technology, vintage, and location of the renewable generators that are the sources of the Renewable Energy Certificates (RECs). All such RECs will be created and recorded in the New England Power Pool Generation Information Tnformation System or be certified by a third party such as Green-e. [100% National Wind RECs]

Appears in 1 contract

Samples: Competitive Electric Service Agreement

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