Electricity Output definition
Examples of Electricity Output in a sentence
The Annual Expected Electricity Output (kWh), for each CREF, for each Production Year, starting at the Commercial Operation Date (established in accordance with the Electricity Production requirement in Attachment B) established in Year 1 and commencing each January 1st thereafter for the Minimum CREF Commercial Operation Period, shall be computed as follows.
Partial Year Expected Electricity Output (kWh) for each Partial Production Year (i.e., Years 1 and the final year of the Minimum CREF Commercial Operation Period as set forth in Attachment C, assuming the Commercial Operation Date does not coincide with the start of the calendar year), the Partial Production Year expected electricity output shall be determined by prorating the Annual Expected Electricity Output (see below).
The Expected Electricity Output shall be calculated using the below methodology.
After being amended by the Parties through consultation, the amended Electricity Output Settlement Sheet and Electricity Fees Billing Sheet shall be sent to the Power Purchaser through facsimiles by the Power Seller and the originals of them shall be sent as an express mail on the same day.
Annual Expected Electricity Output (kWh) for each Full Production Year (i.e., January 1 – December 31) shall be computed as follows.
On the first anniversary of the Commercial Operation Date and each anniversary of the Commercial Operation Date thereafter during the Term (and any extension thereof), the Guaranteed Annual Electricity Output shall be decreased by the Annual System Degradation Factor.
After having been confirmed by the Power Purchaser, the Power Seller shall deliver such Electricity Output Settlement Sheet and Electricity Fees Settlement Sheet to the Power Purchaser on the same day or on the next working day.
After having been amended by the Parties through consultations, the Power Seller shall deliver the amended Electricity Output Settlement Sheet and Electricity Fees Settlement Sheet to the Power Purchaser.
After the receipt of the originals of correct Electricity Output Settlement Sheet, Electricity Fees Settlement Sheet and special value added tax invoice, the Power Purchaser shall pay off the electricity fees for that period to the Power Seller according to Article 4 of the document with the number of Min ▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇ [2008] No. 61.
After having received the Electricity Output Settlement Sheet and the Electricity Fees Settlement Sheet delivered by the Power Seller, the Power Purchaser shall check and confirm them as soon as possible.