Bill Credit Rate definition

Bill Credit Rate means the then current applicable “Credit Rate” as found in the CBRE Tariff. "Business Day" means any Day that is not a Saturday, a Sunday, or a federal or Hawai‘i state holiday.

Bill Credit Rate means the then current applicable Bill Credit Rate as found in the Company’s rate book applicable to the Solar*Rewards Community Program. The Bill Credit Type is either the “Standard” Bill Credit or “Enhanced” Bill Credit found at that sheet in the rate book. The Standard Bill Credit is based on the applicable retail rate, which shall be the full retail rate, including the energy charge, demand charge, customer charge and applicable riders, for the customer class applicable to the Subscriber receiving the credit, and shall not reflect compensation for RECs. The “Enhanced” Bill Credit found at that sheet in the rate book is the sum of the Standard Bill Credit and the REC price and is the applicable Bill Credit Rate only where the Community Solar Garden Operator has made an election under Section 14.iii of this Contract to transfer the solar RECs to the Company. The REC prices embedded within the Enhanced Bill Credit are fixed for the duration of the term of this Contract and are fixed at the REC price in place at the time the Community Solar Garden has filed a completed application. Accordingly, the Standard and Enhanced Bill Credit rates will change over the term of this Contract and the Bill Credit Rate will be based on the then-current Standard or Enhanced Bill Credit as provided for in this Contract, but the REC value embedded within the Enhanced Bill Credit will not change during the Contract term. Once a Standard or Enhanced Bill Credit applies, that Bill Credit Type applies for the term of the Contract. N (Continued on Sheet No. 9-70) Date Filed: 09-30-13 By: Xxxxx X. Xxxxxx Effective Date: 09-17-14 President and CEO of Northern States Power Company, a Minnesota corporation Docket No. E002/M-13-867 Order Date: 09-17-14 S:\General-Offices-GO-01\PSF\RA\Rates\Current\Mn_elec\Me_9_069.doc D N L STANDARD CONTRACT FOR SOLAR*REWARDS COMMUNITY (Continued) Section No. 9 2nd Revised Sheet No. 70

Bill Credit Rate means the dollar-per-kilowatt-hour rate used to calculate a participant’s bill credit, as determined by the Commission or the governing body of a publicly-owned utility pursuant to Section 3(h) of this Act.

Examples of Bill Credit Rate in a sentence

• The Bill Credit Rate must be specified on the Customer Payment/Credit Transfer Form.

• If the sum of the kWh allocated to the Bill Credit Recipients during a billing period is less than the monthly generation of the DG Project during the same period, the Unallocated Bill Credit will be calculated as the Default Bill Credit Rate multiplied by the difference between the monthly generated kWh and the sum of the kWh allocated to Bill Credit Recipients, and this amount will result in a decrease in the monthly cash payment.

• If the sum of the kWh allocated to the Bill Credit Recipients during a billing period exceeds the monthly generation of the DG Project during the same period, but is less than the available generated kWh as defined in Section 8.d.2.ii, the Unallocated Bill Credit will be calculated as the Default Bill Credit Rate multiplied by the difference between the monthly generated kWh and the sum of the kWh allocated to Bill Credit Recipients, and this amount will result in an increase in the monthly cash payment.

• Cash payment to the Applicant or designated payment recipient for each month will be as follows: Cash Payment = Performance-Based Incentive Payment - (sum of Bill Credit Recipient Bill Credits) - (Unallocated Bill Credits) Where Unallocated Bill Credit=the unallocated generated kWh multiplied by the Default Bill Credit Rate applicable to the Applicant’s rate class.

• The Minimum Bill Credit amount will be calculated as 50% or the difference between the ceiling prices of non-CRDG facilities and CRDG facilities of the same technology and class, but in no case will be greater than 1.25¢ per kWh. The selection of the fixed or Default Bill Credit Rate applicable to each Bill Credit Recipient may not be changed once the initial selection is made.

More Definitions of Bill Credit Rate

Bill Credit Rate means the applicable retail net metering rate inclusive of supply and delivery charges in effect at the time of energy generation (in $/kWh) that is applicable to your rate class.

Bill Credit Rate means the then current applicable “Credit Rate” as found in the CBRE Tariff. “Business Day” means any Day that is not a Saturday, a Sunday, or a federal or Hawai‘i state holiday. Sheet No. 49.4-B Effective July 11, 2018 “CBRE Framework” means that certain “Community-Based Renewable Energy – A Program Framework” issued by the PUC and attached as Attachment A to that certain Decision and Order No. 35137, filed December 22, 2017, in Docket No. 2015-0389. The CBRE Framework provides the basis and framework for the CBRE Program and is implemented by the CBRE Tariff.

Bill Credit Rate means the rate in the Xcel community solar garden tariff assigned to the Subscriber's Meter(s).

Bill Credit Rate means the applicable Value of Distributed Energy Resources (“VDER”) rate in effect at the time of energy generation (in $/kWh) that is applicable to your service classification as may be periodically revised by the Utility based upon variations in the Utility's rate components from time to time, and approved by the New York State Public Service Commission in accordance with its Order Regarding Value Stack Compensation dated April 18, 2019; Order on Net Energy Metering Transition, Phase One of Value of Distributed Energy Resources, and Related Matters, dated March 9, 2017; Order on Phase One Value of Distributed Energy Resources Implementation Proposals, Cost Mitigation Issues, and Related Matters, dated September 14, 2017; and subsequent Orders in Case 15-E-0751, as may be supplemented and amended . You understand that (i) the Bill Credits received by you for a particular Production Month will be reflected on your statement from the Utility as a monetary credit amount and not as an electricity quantity; and (ii) such Bill Credits will be reflected on your monthly invoice according to the Utility’s billing cycle, and there may be a delay of up to three months after the Production Month in which the Bill Credits appear on your Utility invoice.

Bill Credit Rate means the applicable rate for the Customer’s class and subclass as determined under the rate schedule in the Tariff in effect at the time of energy generation (in$/kWh) as may be periodically revised by the Utility based upon variations in the Utility’s retail rate from time to time.

Bill Credit Rate means the then current applicable “Credit Rate” as determined by the CBRE Tariff. The CBRE Tariff prescribes a specific Credit Rate in the event that CBRE Small Project Phase 2 Capacity (as defined in the CBRE Tariff) is not filled for any island and a competitive credit rate procurement (“CCRP”) mechanism to set the Credit Rate if there are more applications for CBRE Small Project Phase 2 Capacity than is available for any island.

Bill Credit Rate as defined in the CSG Contract) on the bills from LDC to the subscribers to the Facility (“Credits”);