REC Value definition

REC Value means $ /MWh.
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REC Value means: (a) where there is a liquid market for such RECs, the cost to Provider to purchase RECs (for the avoidance of doubt, Provider may use quotes from unaffiliated third-parties to prove the cost of such RECs and need not actually purchase equivalent RECs); (b) where the rate for such REC is fixed by Applicable Law, the Forecasted Production relating to such RECs multiplied by such rate; or (c) if neither of the above clauses (a) or (b) apply, then the value of the applicable RECs, as reasonably determined by Provider.
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REC Value means the greater of (a) the average market price, over the relevant time period, for Green Attributes in PG&E's retail service territory, if such a value may be determined by reference to verifiable and publicly available sources, or (b) $30/MWh, if the average market price for Green Attributes cannot be determined as provided in subsection (a). With respect to the determination of value in subsection (a) above, each of the Parties acknowledges that the REC Value is intended to represent the economic value of the Green Attributes associated with the generation of Product from the Project and that these Green Attributes constitute a requirement for California Renewables Portfolio Standard eligibility.
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Examples of REC Value in a sentence

  • The net REC value is shared equally between the CCCSWA and the District, resulting in a REC Value to CCCSWA of 50% of the net REC value or $17.17/MWh.

  • Tradable Renewable Energy Credit (REC) Value ($/MWh, if applicable)A value for the tradable REC for each megawatt-hour of electrical output produced by the resource can be added to the Contract Price if the resource is recognized as an eligible renewable under the then current renewable portfolio standards established by the Washington Energy Independence Act (I-937), codified at Revised Code of Washington (“RCW”) §19.285.030.

  • Production (MWh)Projected REC Value The ILSFA Program reduces energy burden by lowering the costs for electricity due to the savings realized through the program each year.

  • In the event that RECs created for a given month (approximately 90 days following a given month) are less than or greater than Energy delivered for such month, then Buyer shall be entitled to any shortfall in RECs at the REC Value, and any excess RECs shall entitle Seller to a payment of the REC Value for such excess.

  • Distributed Generation Credit (if applicable)A fixed dollar value of 50% of the Tradable REC Value can be added to the Contract Price for each megawatt-hour produced by a resource recognized as an eligible renewable under the then current renewable portfolio standards established by the Washington Energy Independence Act (I-937), codified at RCW §19.285.030, provided the resource also qualifies as Distributed Generation under RCW §19.285.030(9) and is eligible to receive the 2x multiplier.

  • In the event the Mechanical Availability in any Contract Year is less than the Guaranteed Availability, Proposer shall pay COP liquidated damages equal to the sum of the [Average Energy Value and] the [Average REC Value] for such year, times the COP’s Share of output for such year, times a percentage equal to the Guaranteed Availability minus the Mechanical Availability.

  • REC Value Should Be Assessed as Incremental to GWSA Compliance ValueHQUS argues the RFP should not assign value for RECs in addition to applying a proxy value for the environmental benefits and that “RECs themselves have no intrinsic value in terms of greenhouse gas avoidance.”4 RENEW disagrees with this assertion.

  • The Contract Price for Electrical Output from the Generator, as measured by the meter at the Measuring Point, for second Contract Year through last Contract Year shall be calculated in accordance with the following formula: Tradable REC Value Where, “The Energy Price has been calculated for the On-Peak Period and the Off-Peak Period of each month during the Term and has been derived using the AuroraXMP market price forecast, which is updated quarterly.

Related to REC Value

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • New value means (i) money, (ii) money's worth in property, services, or new credit, or (iii) release by a transferee of an interest in property previously transferred to the transferee. The term does not include an obligation substituted for another obligation.

  • Company Value means the actual value of the Company as a going concern based on the difference between (a) the actual value of all of its assets as determined in good faith by the Board, including a majority of the Independent Directors, and (b) all of its liabilities as set forth on its balance sheet for the period ended immediately prior to the determination date, provided that (i) if the Company Value is being determined in connection with a Change of Control that establishes the Company’s net worth, then the Company Value shall be the net worth established thereby and (ii) if the Company Value is being determined in connection with a Listing, then the Company Value shall be equal to the number of outstanding Common Shares multiplied by the Closing Price of a single Common Share averaged over a period of 30 trading days during which the Shares are listed or quoted for trading after the date of Listing. For purposes hereof, a “trading day” shall be any day on which the NYSE is open for trading, whether or not the Common Shares are then listed on the NYSE and whether or not there is an actual trade of Common Shares on any such day. If the holder of Convertible Shares disagrees as to the Company Value as determined by the Board, then each of the holder of Convertible Shares and the Company shall name one appraiser and the two named appraisers shall promptly agree in good faith to the appointment of one other appraiser whose determination of the Company Value shall be final and binding on the parties as to the Company Value. The cost of such appraisal shall be split evenly between the Company and the Advisor.

  • 704(c) Value of any Contributed Property means the fair market value of such property or other consideration at the time of contribution, as determined by the General Partner using such reasonable method of valuation as it may adopt. Subject to Exhibit B hereof, the General Partner shall, in its sole and absolute discretion, use such method as it deems reasonable and appropriate to allocate the aggregate of the 704(c) Values of Contributed Properties in a single or integrated transaction among the separate properties on a basis proportional to their respective fair market values.

  • Economic Value – means the value of the Company and of its shares, to be determined by a specialized company by using a recognized methodology or based on another criterion to be defined by the CVM.

  • Intrinsic Value means reinstatement value of insured property or item less due allowance for betterment, wear and tear and/or depreciation

  • Adjusted Value as used in subdivision (d) means:

  • FR Value means, in respect of a ST FR Valuation Date, Worst Value.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Net Value has the meaning set forth in Section 1.68(a)(ii).

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Exchange Value is the adjusted appraised value of the Property which takes into consideration various factors to balance the business value of the Property within its present ownership structure.

  • Cash Value means the greater of (i) the amount that the policyholder is entitled to receive upon surrender or termination of the contract (determined without reduction for any surrender charge or policy loan), and (ii) the amount the policyholder can borrow under or with regard to the contract. Notwithstanding the foregoing, the term “Cash Value” does not include an amount payable under an Insurance Contract as: (1) a personal injury or sickness benefit or other benefit providing indemnification of an economic loss incurred upon the occurrence of the event insured against; (2) a refund to the policyholder of a previously paid premium under an Insurance Contract (other than under a life insurance contract) due to policy cancellation or termination, decrease in risk exposure during the effective period of the Insurance Contract, or arising from a redetermination of the premium due to correction of posting or other similar error; or (3) a policyholder dividend based upon the underwriting experience of the contract or group involved.

  • Added value means that the Contractor performs subcontract management functions that the Contracting Officer determines are a benefit to the Government (e.g., processing orders of parts or services, maintaining inventory, reducing delivery lead times, managing multiple sources for contract requirements, coordinating deliveries, performing quality assurance functions).

  • Net Equity Value means, at any time, the total assets of the applicable business less the total liabilities of such business less the amounts attributable to the minority interest in such business, in each case as determined on a consolidated basis, in accordance with GAAP, subject to the last sentence of the definition of Capitalization Value.

  • Contribution Value means the fair market value as reasonably determined by the General Partner of property (other than cash) contributed by a Partner to the Partnership (net of liabilities secured by such contributed property that the Partnership is treated as assuming or taking subject to pursuant to the provisions of Section 752 of the Code).

  • Capitalization Value means, at any time, the sum (without duplication) of:

  • Closing Average Share Value means the average, over the trading days in the Closing Average Period, of the closing price of the company’s stock multiplied by the Accumulated Shares for each trading day during the Closing Average Period.

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.

  • Adjusted Fair Market Value means, in the event of a Change in Control, the greater of (i) the highest price per Share paid to holders of the Shares in any transaction (or series of transactions) constituting or resulting in a Change in Control or (ii) the highest Fair Market Value of a Share during the ninety (90) day period ending on the date of a Change in Control.

  • Acquisition Value of the Common Stock means, for each Trading Day in the Valuation Period, the value of the consideration paid per share of Common Stock in connection with such Public Acquirer Change of Control, as follows:

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • Good Value means that the Benchmarked Rates are within the Upper Quartile

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.