Renewable Energy Payment Rate definition

Renewable Energy Payment Rate shall have the meaning set forth in Section 8.1.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Renewable Energy Payment Rate means $[1st year price] per MWh.

Renewable Energy Payment Rate means the rate as defined in Section 8.1 of this REPA.

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.
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.
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 ****.

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.

Renewable Energy Payment Rate means the annual rate (expressed in 2009 Rand) as defined in Schedule 1, Part 4 of this REFIT PPA;