Common use of Rate Adjustments Clause in Contracts

Rate Adjustments. The Energy Credits provided from PMPA to its Utilities are credited at an avoided cost for energy exported to the grid by the Utilities’ Customers. From time to time, PMPA may change the Rates for Energy Credits in effect due to changing wholesale costs. If a change occurs, PMPA will notify its Utilities of the change and when the new effective date will occur. The Utility will be responsible for notifying its Customers.

Appears in 9 contracts

Samples: Power Purchase Agreement, Interconnection Agreement, Tri Party Net Billing Power Purchase Agreement

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