Renewables Benefits. 3.2.1 The Generator agrees to Transfer to the Offtaker, and the Offtaker agrees to accept, the Renewables Benefits in accordance with the provisions of this Agreement.
3.2.2 Title in each Renewables Benefit shall pass from the Generator to the Offtaker at the point of Transfer (which, in respect of the Transfer of LECs and REGOs, shall be the point at which the Offtaker accepts a Transfer Request).
Renewables Benefits. In consideration for the mutual covenants set out in this Agreement, the Offtaker shall pay to the Generator (or, if the aggregate amount is negative, the Generator shall pay the Offtaker) the aggregate of the following amounts: in respect of all Contracted Electrical Output other than Excess Output, the Market Reference Price less the Effective Discount for each MWh of Contracted Electrical Output; and in respect of Excess Output the System Sell Price for each MWh of Excess Output and Curtailment Period Output. No separate payment shall be due from the Offtaker to the Generator for Renewables Benefits Transferred to the Offtaker pursuant to this Agreement. The mutual covenants set out in this Agreement shall constitute sufficient consideration for such Transfer.
Renewables Benefits
