REC Shortfall definition

REC Shortfall means the number of renewable energy certificates (“RECs”) Seller would have delivered to Utility had Seller met the Output Guarantee.
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REC Shortfall means the number of renewable energy certificates (“RECs”) Seller would have delivered to Utility had Seller met the Availability Guarantee.
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REC Shortfall means the RECs attributable to a Shortfall.
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Examples of REC Shortfall in a sentence

  • The Replacement Bundled REC price shall be determined by Utility taking the lower of two dealer quotes representing a live offer to sell bundled RECs in a quantity sufficient to cover the REC Shortfall.

  • In the case of a REC Shortfall, Seller shall owe Utility the Replacement Bundled REC price, identified by Utility, multiplied by the REC Shortfall.

  • Contractor agrees to provide a lien removal bond at no cost to the Owner or its representatives within 15 days from request by the Owner or the Owner’s representatives.

  • If the product of the Output Shortfall calculation provided above is a positive number, Seller will compensate Utility damages, if any, for both Energy Shortfall (as defined below) and REC Shortfall (as defined below) associated with the Output Shortfall.


More Definitions of REC Shortfall

REC Shortfall means the RECs attributable toassociated with a Shortfall.
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