Examples of Renewable Energy Products in a sentence
Except to the extent the Facility is actually unavailable or limited (including in accordance with Good Utility Practice(s) and due to curtailments under Section 5.4(A), Seller shall operate the Facility to provide the Renewable Energy Products to Purchaser in all hours of the Delivery Period.
The terms and provisions contained in this REPA and the Master Agreement, if any, and any related task orders pursuant to such Master Agreement constitute the entire agreement between Purchaser and Seller with respect to the Facility and shall supersede all previous communications, representations, or agreements, either verbal or written, between Purchaser and Seller with respect to the sale of Renewable Energy Products from and associated with the Facility.
Notwithstanding anything to the contrary in this REPA, Seller shall have no obligation to make Metered Output or Renewable Energy Products available to Purchaser for any period (a) in which Purchaser fails to take Metered Output or Renewable Energy Products from Seller, (b) in which Seller’s obligation to make Metered Output available is reduced or excused pursuant to Section 4.7, (c) in which either Party’s obligations are suspended due to Force Majeure, or (d) prior to the Delivery Period.
Seller agrees that, notwithstanding anything herein to the contrary, Seller will not curtail or otherwise reduce deliveries of Renewable Energy Products in order to sell such Renewable Energy Products to other purchasers.
Purchaser shall pay Seller for Purchaser’s Contract Capacity Share of Renewable Energy delivered to Purchaser by Seller to the Point of Delivery (or tendered by Seller to the sub-account pursuant to Section 4.2) and for other Renewable Energy Products associated therewith during the Delivery Period at the Contract Rate.
If during any period of the Delivery Period, a sub-account has not been established by a valid CRES pursuant to PJM Manuals and Agreements, Seller shall not be obligated to deliver Renewable Energy and associated Renewable Energy Products to Purchaser, and Purchaser shall pay to Seller an amount equal to the product of (a) the positive difference between (i) the Contract Rate minus (ii) the LMP applicable price during such period, and (b) the Metered Output during such period.
Title and risk of loss related to the Renewable Energy and Renewable Energy Products delivered by Seller and assigned to Purchaser’s CRES shall transfer from Seller to Purchaser’s CRES at the Point of Delivery.
For audit and verification purposes, Seller will grant Purchaser read-only access to the PJM eSuite accounts for the node associated with the PJM charges and credits for the Renewable Energy Products from Purchaser’s Contract Capacity Share of the Facility Capacity.
Beginning on the first Day of the Delivery Period, Seller shall generate from the Facility, deliver to the Point of Delivery, and sell to Purchaser, and Purchaser shall purchase and pay for, at the Contract Rate, Purchaser’s Contract Capacity Share of all Renewable Energy generated by the Facility and associated Renewable Energy Products.
Renewable Energy Products: 100% of your electricity supply will be matched with nationally sourced Renewable Energy Certificates (RECs) that have been certified by state or regional renewable portfolio standards administrators.