Renewable Energy Payment Rate definition

Renewable Energy Payment Rate shall have the meaning set forth in Section 8.1.
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Renewable Energy Payment Rate means $[1st year price] per MWh.
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Renewable Energy Payment Rate means the annual rate (expressed in 2009 Rand) as defined in Schedule 1, Part 4 of this REFIT PPA;
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Examples of Renewable Energy Payment Rate in a sentence

  • Full compensation for this conveyance by Seller to Buyer of all RECs, Generation Benefits and Ancillary Services associated with the Facility is included in the calculation of the Renewable Energy Payment Rate and Test Energy Rate and therefore is at no additional charge under this PPA (except as otherwise provided herein).

  • Buyer shall pay Seller for the Net Energy delivered to Buyer at the Renewable Energy Payment Rate, as defined in Article I.

  • Buyer and Seller agree that the applicable Renewable Energy Payment Rate is intended to compensate Seller for the Net Energy and Capacity delivered to Buyer, and that Seller is not entitled to a separate price or payment for the Capacity associated with the Generating Facility to which Buyer is entitled or for Buyer’s rights with respect to Environmental Attributes as set forth in Section 2.8.

  • If the Seller’s cost of interconnection, including generator-step up transformers and tap, to the EPE electric system exceeds $4 million, then for each additional $1 million of network upgrades, the Renewable Energy Payment Rate shall increase by **** and for each additional $1 million of transmission upgrades that are not network upgrades by ****.

  • Buyer shall purchase all Test Energy produced by the Generating Facility prior to the Commercial Operation Date at 90% of the Renewable Energy Payment Rate.


More Definitions of Renewable Energy Payment Rate

Renewable Energy Payment Rate means all Renewable Energy in a Commercial Operation Year, net of energy self-generated and concurrently consumed by the Facility, and net of losses prior to the Point of Delivery, for up to 115% of the Committed Renewable Energy, at a price equal to [$ ] per megawatt hour.
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Renewable Energy Payment Rate means the rate as defined in Section 8.1 of this REPA.
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Related to Renewable Energy Payment Rate

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • Renewable energy project means (A) a project

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • Class I renewable energy means electric energy produced from

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Renewable energy resources means energy derived from solar, wind, geothermal, biomass, and hydroelectricity. A fuel cell using hydrogen derived from these eligible resources is also an eligible electric generation technology. Fossil and nuclear fuels and their derivatives are not eligible resources.

  • Renewable fuel means a fuel that is derived from Eligible Energy Resources. This term does not include a fossil fuel or a waste product from a fossil fuel source.

  • Class II renewable energy means electric energy produced at a

  • Renewable energy means energy derived from sunlight, wind, falling water, biomass, sustainable or

  • Renewable Energy Credits means a certificate, credit, allowance, green tag, or other transferable indicia, howsoever entitled, allocated, assigned or otherwise awarded or certified by any Governmental Authority, program administrator, certification board or similar entity in connection with the production or generation of each MWh of energy from the Project. For the avoidance of doubt, “Renewable Energy Credits” shall not include any ITC, State Renewable Energy Incentives or other tax benefits, credits, or incentives.

  • Energy year or "EY" means the 12-month period from June 1st

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • Renewable energy system means a fixture, product, device, or interacting group of fixtures, products, or devices on the customer's side of the meter that use 1 or more renewable energy resources to generate electricity. Renewable energy system includes a biomass stove but does not include an incinerator or digester.

  • Renewable Energy Certificate or "REC" means a certificate

  • Energy Price has the meaning set forth in Section 4.[1/2](a).

  • Solar renewable energy certificate or "SREC" means a

  • energy poverty means a household’s lack of access to essential energy services that underpin a decent standard of living and health, including adequate warmth, cooling, lighting, and energy to power appliances, in the relevant national context, existing social policy and other relevant policies;

  • Renewable Energy Certificates or “RECs” means all of the GIS Certificates and environmental benefits associated with New Class I RPS eligible resources.

  • Nominated Energy Efficiency Value means the amount of load reduction that an Energy Efficiency Resource commits to provide through installation of more efficient devices or equipment or implementation of more efficient processes or systems.

  • Net energy metering means measuring the difference, over the net metering period, between (i)