Actual kWh definition
Examples of Actual kWh in a sentence
Commencing on the second anniversary of the Commercial Operation Date, if at the end of each successive thirty-six (36) month anniversary thereof, the cumulative Actual kWh generated by the System is less than the Guaranteed kWh, then the Seller will send Purchaser a refund check equal to the difference between the average cost of electricity per kWh shown on the User’s electric utility bill for the Contract Year for each kWh of such Production Shortfall and the Electricity Price.
Commencing on the second anniversary of the Commercial Operation Date, if at the end of each successive thirty-six (36) month anniversary thereof the Actual kWh is greater than the Guaranteed kWh during any thirty-six (36) month period, this surplus will be carried over and will be used to offset any deficits that may occur in the next true up period.