Energy Credit definition

Energy Credit means a unit, representing one kWh of new end-use energy savings, that may be obtained by an obligated party by the means specified in Regulation 10(4)(b) for the purpose of achieving its annual EEOS target;

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Energy Credit means the positive difference between the prosumer's delivered over generated electricity and the electricity taken from the grid during the billing period;

Energy Credit means Purchaser’s share of the actual Net Electrical Output of the SunSmart Project in kilowatt hours, as determined by the City from meters installed for such purposes and read after the end of each calendar month. The applicable Energy Credit will be credited monthly against the Electric ▇▇▇▇ of Purchaser as an offset against energy otherwise metered and billed for residential use at the Residential Property. If all currently available Solar Units are sold out, the Energy Credit will begin following Commercial Operation of the next Phase of the SunSmart Project, or from another available renewable energy resource determined by the City.

Examples of Energy Credit in a sentence

• In addition to all other fees, assessments and charges provided for in the Agreement, Service Tariff WNY-2 and the Rules, the Customer shall be responsible for payment of the Zero Emission Credit Charge and Monthly Renewable Energy Credit Charge provided for in Schedule D and Schedule E, respectively, of this Agreement.

• Customer shall not offer to sell or trade Renewable Energy Credits from the Customer System to any other party until the expiration of this Renewable Energy Credit Purchase Agreement as set forth in Section 4 above.

• Capitalized terms not defined herein shall have the meanings ascribed to them in the Renewable Energy Credit Purchase Program Agreement.

• Seller is a party to a Renewable Energy Credit Purchase Agreement with Company dated , 20 (the “REC Agreement”).

• This Renewable Energy Credit Purchase and Sale Agreement (this “Agreement”), together with the appendices and any other attachments referenced herein, is made and entered into between Pacific Gas and Electric Company, a California corporation (“Buyer”), and [Seller], a [include place of formation and business type] (“Seller”), as of the Execution Date.

• If you do not return the rebate or Renewable Energy Credit documentation, Sunrun may invoice you for the Final Rebate amount (as defined in Section 4(a)(iii)).

• Terms not defined herein shall have the meanings given to them in the Indexed Renewable Energy Credit Agreement dated , 20 (as amended, modified or extended from time to time, the “Agreement”), between the Guaranteed Party and , a organized and existing under the laws of (the “Seller”).

• You agree to complete and return to Sunrun and/or its representatives, as appropriate, all applicable rebate documentation, and, where applicable, Renewable Energy Credit, documentation upon request and following the In-Service Date.

• On or about the tenth (10th) day of each month beginning with the second full calendar month following the Initial Delivery Date and every month thereafter, and continuing until Buyer has paid for all Renewable Energy Credits created, generated or produced during the Delivery Term, Buyer shall pay the Contract Price for the Product in the form of each Renewable Energy Credit as evidenced by a WREGIS Certificate Delivered to Buyer’s WREGIS Account in the prior month.

• Capitalized terms not defined herein shall have the meanings ascribed to them in the Builder Up Front Incentive Renewable Energy Credit Purchase Program Agreement.

More Definitions of Energy Credit

Energy Credit means the amount BL&P will credit the Customer Generator’s account for the kWh delivered to the Grid, as determined in accordance with the Renewable Energy Rider.

Energy Credit means the monthly Energy Credit generated by the Project. The monthly Energy Credit will be based on actual generation. The Project’s solar production will be metered and a portion of the production during each billing cycle will be allocated to Participant’s monthly Electric Bill based on the number of Solar Units Participant has purchased. Each Solar Unit is expected to produce an average of 16 kWh of electricity on an annual basis (more in the summer and less in the winter). The total amount of credit applied to Participant’s bill will be based upon the number of Solar Units purchased and the actual energy production (kilowatt-hours, or kWh) during each billing cycle, multiplied by Clallam PUD’s then-applicable retail electrical rate. Only whole number kWh will be allocated to Participant’s monthly Electric Bill, and any fractional portion of kWh generation will be added to the generation for each subsequent billing cycle until the accumulated fractional portions equal a whole number kWh. The Energy Credit is in the nature of a “generation credit” in that it is directly related to the amount of renewable energy actually generated by the Project. On an annual basis, Energy Credits not allocated via the estimated monthly bill credit will be applied to the Account. SAMPLE

Energy Credit has the meaning specified in Section 6.05 hereof. “Energy Credit Multiplier” means nine-tenths (0.9).

Energy Credit is the amount of electricity generated by the Solar Unit as defined in Section 6.3.

Energy Credit means a billing credit the Participant is eligible to receive on their Electric ▇▇▇▇ based on the amount of electric energy produced by the Solar Units selected by the Participant. See Section 6.