Purchase and Sale of Net Energy Sample Clauses
The "Purchase and Sale of Net Energy" clause defines the agreement between parties regarding the buying and selling of the net amount of energy generated, typically after accounting for any energy consumed or losses incurred during production or transmission. This clause specifies how the net energy is calculated, the obligations of each party to deliver or accept the net energy, and may outline the timing, measurement, and settlement procedures for these transactions. Its core practical function is to ensure both parties have a clear understanding of the quantity of energy being transacted, thereby reducing disputes and facilitating accurate billing and compliance with regulatory requirements.
Purchase and Sale of Net Energy. (a) Commencing on the Commercial Operation Date and continuing throughout the remainder of the Term, Contractor shall make available to User, and User shall take delivery of at the Point of Delivery, all of the Net Energy generated by the PV System.
(b) To the extent permitted by law, User shall obtain Net Metering Credits for the Net Energy in accordance with Schedule Z of the interconnection application filed by Contractor with the Distribution Company on User’s behalf.
Purchase and Sale of Net Energy. (a) Commencing on the Commercial Operation Date and continuing throughout the remainder of the Term, Developer shall make available to CVEC, and CVEC shall take delivery of at the Point of Delivery, all of the Net Energy generated by the PV System.
(b) In the event that the System is qualified as a Solar Tariff Generation Unit under the SMART Program, the Distribution Company may elect to retain demand resource payments on account of the System’s participation in the ISO Forward Capacity Market. In the event that the System is not qualified as a Solar Tariff Generation Unit under the SMART Program, or payments from the ISO Forward Capacity Market are not retained by the Distribution Company, CVEC and shall be entitled to receive demand resource payments from the ISO Forward Capacity Market associated with the Net Energy.
(c) To the extent permitted by law, Host, or CVEC on behalf of Host, shall obtain Net Metering of the Net Energy in accordance with Schedule Z of the interconnection application for the PV System filed by Developer with the Distribution Company on Host or CVEC’s behalf, or, if applicable, Host shall obtain Alternative On-bill Credits in accordance with an AOBC Payment/Credit Form for the PV System, or such other form as required by DOER or the SMART Guidelines to be filed by Developer with the Distribution Company on Host’s behalf. To the extent permitted by the Distribution Company and in accordance with the Net Metering Tariff, SMART Tariff, or SMART Guidelines, Developer shall assist Host, or CVEC on behalf of Host in the event Host desires to amend the Schedule Z or AOBC Payment/Credit Form for the PV System.
Purchase and Sale of Net Energy. A. Commencing on the Commercial Operation Date and continuing throughout the remainder of the Term, Developer shall make available to Buyer, and Buyer shall take delivery of at the Point of Delivery, all of the Net Energy generated by the PV System.
B. In the event that the System is qualified as a Solar Tariff Generation Unit under the SMART Program, the Distribution Company may elect to retain demand resource payments on account of the System’s participation in the ISO Forward Capacity Market. In the event that the System is not qualified as a Solar Tariff Generation Unit under the SMART Program, or payments from the ISO Forward Capacity Market are not retained by the Distribution Company, the Buyer shall be entitled to receive demand resource payments from the ISO Forward Capacity Market associated with the Net Energy.
C. To the extent permitted by law, Host or Buyer, on behalf of Host, shall obtain Net Metering or Alternative On-▇▇▇▇ Credits for the Net Energy in accordance with Schedule Z of the interconnection application filed by Developer with the Distribution Company on Host or Buyer’s behalf, and Host or Buyer shall have the right to reallocate in accordance with Schedule Z such credits to the Host, in accordance with the Inter-Governmental PSA, or to other governmental entities.
Purchase and Sale of Net Energy