Common use of REC Pricing Clause in Contracts

REC Pricing. Customer shall pay to Cooperative and Cooperative shall pay to EKPC the market value of the RECs purchased on the Customer’s behalf without mark-up from either Cooperative or EKPC. EKPC will increase the Cooperative’s monthly wholesale bill for the RECs purchased at the market price plus a monthly transactional fee of $100. For any agreement instructing EKPC to purchase REC’s in advance of the billing cycle, a monthly carrying charge equal to 1/12 of the annual retail deposit accrual rate set by the Commission will be added to the Cooperative’s bill.

Appears in 4 contracts

Samples: Purchase Agreement, Commercial and Industrial Renewable Energy Program Purchase Agreement, Renewable Energy Purchase Agreement

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REC Pricing. Customer shall pay to Cooperative and Cooperative shall pay to EKPC the market value of the RECs purchased on the Customer’s behalf without markxxxx-up from either Cooperative or EKPC. EKPC will increase the Cooperative’s monthly wholesale bill xxxx for the RECs purchased at the market price plus a monthly transactional fee of $100. For any agreement instructing EKPC to purchase REC’s in advance of the billing cycle, a monthly carrying charge equal to 1/12 of the annual retail deposit accrual rate set by the Commission will be added to the Cooperative’s billxxxx.

Appears in 3 contracts

Samples: Commercial and Industrial Renewable Energy Program Purchase Agreement, Purchase Agreement, Commercial and Industrial Renewable Energy Program Purchase Agreement

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REC Pricing. Customer shall pay to Cooperative and Cooperative shall pay T to EKPC the market value of the RECs purchased on the Customer’s behalf without mark-up from either Cooperative or EKPC. EKPC will increase the Cooperative’s monthly wholesale bill for the RECs purchased at the market price plus a monthly transactional fee of $100. For any agreement instructing EKPC to purchase REC’s in advance of the billing cycle, a monthly carrying charge equal to 1/12 of the annual retail deposit accrual short-term borrowing rate set by the Commission will be added to the Cooperative’s bill.

Appears in 1 contract

Samples: Commercial and Industrial Renewable Energy Program Purchase Agreement

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