Net Accounting definition

Net Accounting. Net Accounting means the payment for the difference between electrical energy supplied through the electricity distribution network of CEB to the Producer and the amount of electrical energy generated by the Producer’s Generating Facility through Solar PV delivered to the electricity distribution network of CEB.
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Examples of Net Accounting in a sentence

  • The balance of the income of the Trust for the Financial Year remaining after those applications will constitute the Net Accounting Income for that Financial Year except where the amount is negative, in which case, it will be the Net Accounting Loss for that Financial Year.

  • If the Net Accounting Settlement is greater than or equal to zero, the Company shall pay the Reinsurer, and if the Net Accounting Settlement is less than zero, the Reinsurer shall pay the Company the absolute value of such amount.

  • Unless, in its sole and absolute discretion, the Manager determines that the Distributable Income shall be some other amount, the Distributable Income must equal the greater of (i) Net Income 35 27 for the Accrual Period, and (ii) Net Accounting Income of the Trust for the Accrual Period.

  • Modco reserve adjustment ----------- Net Accounting Settlement (1)-(2)-(3)-(4) ----------- Schedule 8.02(b) ---------------- None.

  • Prior to signing the agreement, the Producer shall provide technical literature including Type Test certificates of the protective equipment for Net Accounting to the CEB and shall obtain the concurrences of the CEB to procure the same.

  • Within fifteen (15) business days after the end of each accounting period, an amount equal to the Net Accounting Settlement, as defined in Schedule E and calculated as shown in Schedule D for such accounting period, will be settled between the Company and the Reinsurer.

  • CEB shall promptly install the meters and metering equipment to implement Net Accounting, the initial cost of which shall be paid by the Producer.

  • The Company and the Reinsurer agree that any items settled in accordance with subsection j below may be settled more frequently than monthly and that, in the event of any such interim settlements, the Company shall account for such interim settlements in calculating the Net Accounting Settlement (as defined in Schedule E) in accordance with Schedule D.

  • Modco reserve adjustment ------------ Net Accounting Settlement (1)-(2)-(3)-(4) ------------ Schedule 8.02(b) ---------------- None.