Net Electrical Output definition
Examples of Net Electrical Output in a sentence
On and from the Commercial Operation Date, CEB shall pay to the Company, the Energy Payment for the Net Electrical Output which the Company has delivered to CEB, calculated in accordance with Schedule 4 (Calculation of Payments).
CEB shall check the certification of the CEB Meters through an accuracy test at least once every 2 (two) years thereafter or at any time the readings of Net Electrical Output from the CEB Meters and the Company Meter (if applicable) differ by an amount greater than 0.5% (one- half of one per cent) in accordance with the procedures mutually agreed by the Parties thereafter.
The Company shall check the certification of the Company Meter (if applicable) through an accuracy test at least once every 2 (two) years, or at any time the readings of Net Electrical Output from the Company Meter (if applicable) and the CEB Meters differ by an amount greater than 0.5% (one half of one percent) in accordance with the procedures mutually agreed by the Parties.