Deemed Energy Payment definition

Deemed Energy Payment means an amount (excluding VAT) that shall be due and payable by the Buyer to the Seller for the Deemed Energy during a specified period pursuant to the provisions of clause 14 (Consequences of a System Event), which payment shall be calculated in accordance with Schedule 5 (Deemed Energy Payment) with reference to the Commercial Energy Rate, and dependent on the period in respect of which such payment is due and payable;
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Deemed Energy Payment means an amount (excluding VAT) that shall be due and payable by the Buyer to the Seller for the Deemed Energy during a specified period pursuant to the provisions of clause
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Deemed Energy Payment has the meaning given to it in the PPA;
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Examples of Deemed Energy Payment in a sentence

  • The Buyer shall pay to the Seller the Deemed Energy Payment for all Deemed Energy accruing in each Billing Period calculated in terms of clause 14 (Consequences of a System Event), clause 15 (Consequences of a Compensation Event) and Schedule 5 (Deemed Energy Payment).

  • The Deemed Energy Payment for the Billing period, from NamPower to the Seller, shall be: Deemed Energy Payment = Indexed Tariff x Deemed Net Energy for Billing Period.

  • The Deemed Energy Payment shall be calculated as provided in Paragraph A3 below.

  • While a Dispute is continuing, the Parties are required to continue to perform their respective obligations, including the payment of the Energy Payment and/or Deemed Energy Payment, under this Agreement until such dispute has been fully and finally resolved.

  • Without derogating from NamPower's obligation to pay the Deemed Energy Payment as aforesaid, NamPower shall notify the Seller promptly: upon the occurrence of any event resulting in the Transmission System being unable to operate or events affecting system stability; and/or if NamPower determines that maintenance of the Transmission System is required prior to the next Scheduled Transmission System Outage and that an Unscheduled Transmission System Outage is required.

  • NamPower shall pay to the Seller: for each Billing Period during the Term (including the Billing Period in which the Commercial Operation Date occurs), the Energy Payment (as per Annexure C (Energy Payment)); and for the duration of the Deemed Commercial Operation Period, if it occurs, the Deemed Energy Payment.

  • The Deemed Energy Payment shall be calculated as follows: Payment for electricity produced for the Billed Period shall be based on the Base Tariff.

  • Should the Transmission Unavailability be in excess of the Transmission Unavailability Threshold on an annual basis for reasons other than Force Majeure, NamPower shall be liable to pay the Deemed Energy Payment for the period or periods during which such Transmission Unavailability Threshold is exceeded during a Contract Year.

  • Our results reveal a rich and diverse East Bay agroecosystem (i.e. the network of urban farmers and their connection to and interaction with food justice organizations, NGOs, food policy councils, school gardens, and other food system actors) engaged in varying capacities to fundamentally transform the use of urban space and the regional food system by engaging the public in efforts to stabilize, improve, and sustainably scale urban food production and distribution.

  • Deemed Energy Payment US$ 26.8 million Stalled 7.Orpower Olkaria III Geothermal Power Plant – 129 mw (1st Plant 48MW, 2nd Plant 36MW, 3rd Plant 16MW), and 4th Plant 29MW) Description: 20 year- BOO 558• Total Project Cost depreciated at 5% per annum.• Expenses incurred by the Seller as a result of termination.• Losses incurred by the seller US$ 70.98 million Implementation on-going 8.


More Definitions of Deemed Energy Payment

Deemed Energy Payment has the meaning given to it in Clause 6.3.2(iii) and Paragraphs A2 and A3 in Annexure C (Energy Payment), which shall be applicable in all Events of Deemed Availability, mutatis mutandis;
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Deemed Energy Payment has the meaning given to it in Schedule 4 (Determination of Payments).
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Deemed Energy Payment shall have the meaning given to it under the Power Purchase Agreement;
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Related to Deemed Energy Payment

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • energy poverty means a household’s lack of access to essential energy services that underpin a decent standard of living and health, including adequate warmth, cooling, lighting, and energy to power appliances, in the relevant national context, existing social policy and other relevant policies;

  • Energy Price has the meaning set forth in Section 4.[1/2](a).

  • Energy year or "EY" means the 12-month period from June 1st

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Renewable energy project means (A) a project

  • Net energy metering means measuring the difference, over the net metering period, between (i)

  • Renewable Energy Certificate or "REC" means a certificate

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Delta Payment means as it is described in this Agreement.

  • energy performance contracting means a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings;

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Delivered Energy means the kilowatt hours of Electricity actually fed and measured by the energy meters at the Delivery Point and as certified by SLDC/MSEDCL authorities.

  • Renewable Energy Certificates or “RECs” means all of the GIS Certificates and environmental benefits associated with New Class I RPS eligible resources.

  • Energy Storage Resource means a resource capable of receiving electric energy from the grid and storing it for later injection to the grid that participates in the PJM Energy, Capacity and/or Ancillary Services markets as a Market Participant.

  • State premium tax liability means any liability

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • Energy Charge means a charge for each kilowatt-hour (kWh) of electrical energy;

  • Solar renewable energy certificate or "SREC" means a

  • Renewable Energy Credits means a certificate, credit, allowance, green tag, or other transferable indicia, howsoever entitled, allocated, assigned or otherwise awarded or certified by any Governmental Authority, program administrator, certification board or similar entity in connection with the production or generation of each MWh of energy from the Project. For the avoidance of doubt, “Renewable Energy Credits” shall not include any ITC, State Renewable Energy Incentives or other tax benefits, credits, or incentives.

  • Energy project means the installation or modification of an energy efficiency improvement or the acquisition, installation, or improvement of a renewable energy system.

  • Net Energy The total quantity of electric energy (measured in kilowatt hours) produced by the Facility over a given time period and delivered to the Point of Interconnection, as measured by the revenue meter. "Net Energy" the equivalent of "Actual Output."

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).