PPA Terms Sample Clauses

PPA Terms. As described above, there is evidence that, notwithstanding the contribution of a number of new entrants and the emergence of the end user segment, PPA terms have deteriorated over the last three years, as set out in Table 8 below. Table 8: Reported changes in PPA terms Term Description Discounts General All of the independent generator responses stated that the offers that are being made by PPA providers have higher discounts when compared to historic terms. Figure 2: Reported discounts across Power, ROCs and LECs It is worth noting that while the change in discounts for LECs shows the largest move, LECs only represent a very small proportion of the overall project revenues.4 Price Floors A limited number of offtakers are willing to provide a floor at sufficient value to support target leverage. Where floors are offered, offtakers have tended to limit it by setting it at a conservative level, stepping it down over time or not indexing it to inflation. Index / Profile Risk PPA providers have started to offer PPAs indexed to the day-ahead or intra-day market index rather than season or month ahead as was more common historically. This exposes generators to the medium term risk of lower captured value as a result of cannibalisation of the electricity prices in periods of correlated output of intermittents (primarily wind). Imbalance risk Generators have reported a move by offtakers to shift imbalance risk back onto the generator through: More onerous data access and reporting requirements (although generators conceded that these requirements were probably not beyond the capabilities of a Reasonable Prudent Operator); An annual or periodic re-opener clause on the discount applied to the brown power in respect of increase in imbalance costs (although this was not consistently reported); Indemnities in respect of failure to deliver output (although this seems to a relatively rare requirement). Change in law The consistent message from both generators and PPA providers in consultation responses is that change in law clauses are becoming increasingly difficult to negotiate. Key areas in which greater change in law risk is being pushed back onto 4 2013 electricity prices of approx £50/MWh, ROC buy-out (which sets the theoretical floor on the ROC price) is £42.02MWh and Climate Change Levy (that sets maximum LEC price) is £5.24/MWh. generators are: Inclusion of a termination right in the event of a material change in law; Widening of definitional scope, in particul...
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Related to PPA Terms

  • Extended Terms The Term of this Agreement may be extended by the Manager if the Resident applies in writing for an “Extension” in accordance with the Managers published policies about Term Extensions. Extensions are subject to availability. Priority will be given to Residents travelling from great distances, who demonstrate a special need, or who are enrolled in orientation or academic programs that begin early or continue beyond the Residence Term. Extensions may also be granted for any ‘Early Move-In’, ‘Late Move-Out’ or ‘Summer Residence’ programs offered by the Manager. Residents granted Extensions are subject to the fees detailed in Table 3. Any Resident found occupying a Room outside of the Term without approval from the Manager are subject to additional fees over and above those detailed in Table 3. TABLE 3: Extended Terms Start (“Move-In Day”) End (“Move-Out Day”) Fees Summer Term 2020 N/A N/A N/A Academic Year 2020-2021 August 30, 31, September 1, 2, 3, 4, 2020 N/A $35.00/day Winter Term 2021 N/A N/A N/A * Customized By Manager

  • Contract Terms The contract term will be one (1) year, effective from date of award. The City and the Supplier shall have the option to renew this contract for an additional two (2) one-year periods. The contract shall commence upon the issuance of a Notice of Award by the City of Xxxxxx and shall automatically renew each year, from the date of award by City Council, unless either party notifies the other prior to the scheduled renewal date. At the sole option of the City of Xxxxxx, the contract may be further extended as needed, not to exceed a total of six (6) months.

  • MODIFICATION OF CONTRACT TERMS The terms and conditions set forth in the Contract shall govern all transactions by Authorized User(s) under this Contract. The Contract may only be modified or amended upon mutual written agreement of the Commissioner and Contractor. The Contractor may, however, offer Authorized User(s) more advantageous pricing, payment, or other terms and conditions than those set forth in the Contract. In such event, a copy of such terms shall be furnished to the Authorized User(s) and Commissioner by the Contractor at the time of such offer. Other than where such terms are more advantageous for the Authorized User(s) than those set forth in the Contract, no alteration or modification of the terms of the Contract, including substitution of Product, shall be valid or binding against Authorized User(s) unless authorized by the Commissioner or specified in the Contract Award Notification. No such alteration or modification shall be made by unilaterally affixing such terms to Product upon delivery (including, but not limited to, attachment or inclusion of standard pre-printed order forms, product literature, “shrink wrap” terms accompanying software upon delivery, or other documents) or by incorporating such terms onto order forms, purchase orders or other documents forwarded by the Contractor for payment, notwithstanding Authorized User’s subsequent acceptance of Product, or that Authorized User has subsequently processed such document for approval or payment.

  • Minimum Terms This Agreement contains the minimum terms and conditions of employment or purchase to which the Writer is entitled. Except for credits for screen authorship, the Writer and Company are free to negotiate and contract for more favorable terms and conditions of employment than the minimum terms provided in this Agreement or the MBA. Only the WGA has the right to waive any of the provisions of this Agreement or the MBA.

  • Implied Terms Without prejudice to Clause 14.7, this Agreement embodies the entire understanding of the Parties and there are no provisions, terms, conditions or obligations, oral or written, expressed or implied, other than those contained herein.

  • Violation of Contract Terms Fees charged to a customer for use of the vehicle contrary to the terms of the vehicle rental contract including but not limited to speeding, driving under the influence of an intoxicant or controlled substance, taking the vehicle out of state or out of an approved area as defined in the contract, regardless whether customer was arrested, cited or otherwise penalized by law enforcement authorities for such conduct.

  • Definitions and Terms Section 1.1

  • Commercial Terms Seller: PACIFIC GAS AND ELECTRIC COMPANY, limited for all purposes hereunder to its electric procurement and electric fuels functions Buyer: [Buyer to insert its full name here in all caps] Product: The Product shall consist of Electric Energy and associated Green Attributes from the Project, as further described and subject to the provisions herein.

  • Definitions of Words and Terms Capitalized words used in this Agreement shall have the meanings set forth in the Recitals to this Agreement or they shall have the following meanings:

  • License Terms This license is for one full Semester. It cannot be cancelled or terminated except under the conditions cited in this license.

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