Energy Credits definition

Energy Credits means any energy credits that are capable of award by the Sustainable Energy Authority of Ireland as a result of an Energy Saving Solution provided under this Agreement or otherwise;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Energy Credits shall have the meaning set forth in Sections 5 & 6.

Energy Credits means any and all ERCs and RECs.

Examples of Energy Credits in a sentence

• Seller and, if applicable, its successors, represents and warrants that throughout the Delivery Term of this Agreement the Renewable Energy Credits transferred to Buyer conform to the definition and attributes required for compliance with the California Renewables Portfolio Standard, as set forth in California Public Utilities Commission Decision ▇▇-▇▇-▇▇▇, and as may be modified by subsequent decision of the California Public Utilities Commission or by subsequent legislation.

• Seller shall, at its sole expense, but subject to the Compliance Cost Cap, take all actions and execute all documents or instruments necessary to ensure that all WREGIS Certificates associated with all Renewable Energy Credits corresponding to all Delivered Energy are issued and tracked for purposes of satisfying the requirements of the California Renewables Portfolio Standard and transferred in a timely manner to Buyer for Buyer’s sole benefit.

• Seller warrants that all necessary steps to allow the Renewable Energy Credits transferred to Buyer to be tracked in WREGIS will be taken prior to the first delivery under the Agreement.

• Seller shall, at its sole expense, take all actions and execute all documents or instruments necessary to ensure that all WREGIS Certificates associated with all Renewable Energy Credits corresponding to all Delivered Energy are issued and tracked for purposes of satisfying the requirements of the California Renewables Portfolio Standard and transferred in a timely manner to Buyer for Buyer’s sole benefit.

• Seller shall, at its own cost, take all actions and execute all documents or instruments that are reasonable and necessary to effectuate the use of the Renewable Energy Credits, Resource Adequacy Benefits, if any, and Capacity Attributes, if any, for Buyer’s benefit throughout the Delivery Term.

More Definitions of Energy Credits

Energy Credits means a billing credit the Participant is eligible to receive on his/her electric bill based onthe amount of electric energy produced by that portion of the Project selected by the Participant. See Section 6.1.

Energy Credits means any energy credits that are capable of award by the Sustainable Energy Authority

Energy Credits means any and all ERCs and RECs. “ERCs” (an acronym for emission reduction credits) shall mean any and all credits, attributes, benefits, offsets, reductions, rights (including registration, trading and recording rights), or indicia, however entitled, for or relating to the reduction, mitigation or control of greenhouse gas emissions, including, without limitation, carbon dioxide, methane, nitrous oxide, perfluoro-carbons, hydro fluorocarbons, sulphur hexafluoride or other gas, matter or substance directly or indirectly arising out of or related to the production, use, sale, capture, flaring, burning, destruction, processing, conversion, utilization, fueling, storage or sequestration of Gas (including, without limitation, Coal Gas and VAM) in respect of Current Gas Rights that now or hereafter qualifies for recognition by or under any domestic, international or foreign emissions reduction or emissions quantification, certification or reporting program, scheme or organization or law, statute, regulation or order, adopted by a governmental authority or otherwise, or other similar program, public or private, whether existing now or in the future, whether mandatory or voluntary, including without limitation any program under which any direct or indirect benefit is given for reduction in greenhouse gas emissions (each, an “ERC Program”). Without limiting the generality of the foregoing, ERCs include (i) those environmental or greenhouse gas emission reduction credits based on the production, use, sale, capture, flaring, burning, destruction, processing, conversion, utilization, fueling, storage or sequestration of Gas (including, without limitation, Coal Gas and VAM) produced from any Coal Area or Non-Coal Area owned, leased or controlled by any Coal Party as of the Effective Date in lieu of venting such Gas to the atmosphere or otherwise disposing of or using such Gas under any ERC Program or REC Program (any of the foregoing, a “Program”); and (ii) all rights relating to Gas produced from a Coal Area or Non-Coal Area owned, leased or controlled by any Coal Party as of the Effective Date that would be recognized as beneficial or of value in the event that any governmental authority imposes any tax, levy, surcharge, cap or other imposition or limitation on emissions of air pollutants or particulates, including greenhouse gases, or on products or services that are related to such emissions, including, without limitation, any “carbon tax.” ERCs do not include All...

Energy Credits shall have the meaning set forth in Section 7.

Energy Credits means the energy credit provided for under Section 48 of the Internal Revenue Code of 1986, as amended, or any successor federal tax statute.

Energy Credits has the meaning set forth in Section 4.1 hereof.

Energy Credits. The meaning ascribed thereto in Section 9.2(d).