Examples of M&V Report in a sentence
Subject to the terms of this Agreement, the IESO shall pay to the Participant a EE Capacity Payment for each Obligation Period for which they have an EE Capacity Obligation and a M&V Report approved by the IESO, and received all other supporting documentation and evidence as required by this Agreement or as otherwise requested by the IESO.
If the Participant relinquishes any EE Capacity Obligation during or following the Obligation Period to which the EE Capacity Obligation relates, the Participant shall continue to be required to conduct measurement and verification required pursuant to its M&V Plan and submit its M&V Report with respect to the applicable Obligation Period.
Following the IESO’s approval of the Participant’s M&V Report in accordance with Section 5.3, the Participant shall submit to the system known as “Online IESO” an invoice for the EE Capacity Payment set out in the approved M&V Report and the IESO will transfer such funds via electronic funds transfer into the Participant’s bank account registered with the IESO in “Online IESO”.