Examples of Net Energy Price in a sentence
In the event that a Production Shortfall exists in any Contract Year, Developer shall owe CVEC a sum equal to the product of: (i) the average applicable all-inclusive rate charged by the Distribution Company in any Contract Year for Energy at the Premises minus the applicable Net Energy Price; and (ii) the Production Shortfall.
The payment made by CVEC to Developer shall equal the Net Energy for the relevant period multiplied by the Net Energy Price for such period.
CVEC shall pay Developer for the Net Energy, as metered at the Metering Device(s), at the applicable Net Energy Price.
Lost revenues in the event that Developer fails to commence Commercial Operation by the Outside Commercial Operation Date shall be the product of: (i) the estimated daily Energy output from the PV System (kWh) for each day the PV System fails to achieve timely Commercial Operation; and (ii) the Net Energy Price for such estimated daily Energy output.
In all cases, any adjustments in the Net Energy Price shall be made to the nearest hundredth of a cent.