Energy Credit definition

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

  • Each participating customer's monthly energy bill will include the Subscription Payment and Solar Energy Credit.

  • Renewable Energy Credit (REC)A Renewable Energy Credit (REC) is a tradable instrument that represents all of the renewable attributes associated with one (1) MWh of production from a certified renewable generator.

  • Renewable Energy Credit (REC) Trading ProgramThe REC Trading Program, as described in Section 14, State of Texas Renewable Energy Credit Trading Program, and P.U.C. SUBST.

  • Renewable Energy Credit (REC) AccountAn account maintained by ERCOT for the purpose of tracking the production, sale, transfer, purchase, and retirement of RECs or Compliance Premiums by a REC Account.

  • Renewable Energy Credit (REC) Account HolderAn Entity registered with ERCOT to participate in the REC Trading Program.

  • See Energy Credit in the Instructions for Form 3468.Codes F and G.

  • 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.

  • Banked Energy Credits in excess of those used to calculate the Generation Energy Credit for a billing month will be carried forward to the following month.

  • 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.


More Definitions of Energy Credit

Energy Credit is the amount of electricity generated by the Solar Unit as defined in Section 6.3.
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Energy Credit means a billing credit the Participant is eligible to receive on their Electric Xxxx based on the amount of electric energy produced by the Solar Units selected by the Participant. See Section 6.
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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 Xxxx 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.
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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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Related to Energy Credit

  • 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.

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

  • Energy facility means an energy plant or transmission

  • Wind energy facility means the turbines, accessory buildings, transmission

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • 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.

  • 9% Credits means Federal Credit allocated on a competitive basis under the provisions of this Plan.

  • 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;

  • 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;

  • 4% Credits means Federal Credit available to Bond Financed Projects which meet the requirements of this Plan.

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

  • Real-time Energy Market means the purchase or sale of energy and payment of Transmission Congestion Charges for quantity deviations from the Day-ahead Energy Market in the Operating Day.

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

  • energy service means the physical benefit, utility or good derived from a combination of energy with energy-efficient technology or with action, which may include the operations, maintenance and control necessary to deliver the service, which is delivered on the basis of a contract and in normal circumstances has proven to result in verifiable and measurable or estimable energy efficiency improvement or primary energy savings;

  • nuclear energy hazard means the radioactive, toxic, explosive, or other hazardous properties of radioactive material;

  • 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.

  • 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.

  • Renewable Energy Certificate or "REC" means a certificate

  • PPA means the Power Purchase Agreement signed between the successful bidder and MSEDCL according to the terms and conditions of the standard PPA enclosed with this RfS;

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

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

  • Solar energy system means a system of components that produces heat or electricity, or both, from

  • Renewable energy project means (A) a project

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

  • Solar energy means the sun used as the sole source of energy for producing electricity.