Replacement Energy Costs definition

Replacement Energy Costs means the actual costs incurred by Buyer following an Event of Default that are reasonable and necessary to replace Energy Output (which includes RECs, Environmental Attributes and Ancillary Services as defined herein) which Seller, in accordance with this PPA, would have generated at the Project and delivered to Buyer, but failed to so provide pursuant to this PP A. Buyer shall not have to enter into a replacement contract to establish the Replacement Energy Costs. If Buyer does not enter into a replacement contract, then the Replacement Energy Costs will be based on the market price for Energy, Environmental Attributes (including RECs) and Ancillary Services delivered to Buyer's system, as reasonably determined by Buyer. In calculating such amounts, Buyer will comply with the requirements set forth in Section 12.4(A) in establishing the market price. Replacement Energy Costs for an Event of Default also include (i) the reasonable amounts paid or incurred by Buyer for transmission or distribution of replacement Energy Output and any associated transmission or distribution costs, (ii) the reasonable amounts paid or incurred by Buyer for the purchase of RECs associated with the replacement Energy Output, and (iii) Buyer's expenses, including reasonable attorneys' fees, suffered as a result of Seller's failure to perform under this PPA.
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Replacement Energy Costs means the aggregate positive amount equal to (i) the costs incurred by Company, after the Commencement Date, for the Renewable Energy that is necessary to replace that which Seller, in accordance with this PPA, was required to have produced at the Facility and deliver to Company, but failed to so provide, less (ii) the sum of any payments from Company to Seller, under this PPA, that were eliminated as a result of such failure. Replacement Energy Costs include the amounts paid or incurred by Company for replacement renewable energy, or replacement energy plus RECs, transmission of energy, and directly associated transaction costs (including reasonable attorneys’ fees suffered as a result of Seller’s failure to perform), all determined in a commercially reasonable manner and in accord with market value in MISO.
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Replacement Energy Costs means those damages suffered by EPE as a direct result of Seller’s failure to perform its obligations under this Agreement, including (i) all incremental costs suffered by EPE to replace the Solar Energy or the RECs that Seller fails to deliver to EPE under this Agreement with alternative Solar Energy that meets the requirements of the NMPRC, (ii) any replacement solar capacity necessary to make up for any shortfall in the capacity to be provided under this Agreement (to comply with the NMPRC’s Renewable Energy Standard) which shortfall was caused by Seller or the Facility, (iii) costs and penalties imposed by the NMPRC, or by any other Governmental Authority, paid or required to be paid by EPE as a result of Seller’s failure to perform under this Agreement and absence of fault or responsibility of EPE, and (iv) EPE’s expenses including reasonable attorneys’ fees suffered as a result of Seller’s failure to perform under this Agreement.
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Examples of Replacement Energy Costs in a sentence

  • Upon the termination of this PPA under this Section, the non-defaulting Party shall be entitled to receive from the defaulting Party, subject to the Damage Cap set forth in Section 12.6, all of the damages incurred by the non-defaulting Party in connection with such termination including, if Seller is the defaulting Party, the present value of all future Replacement Energy Costs for the then remaining Term, subject to Section 12.10.

  • If Seller is the defaulting Party, the damages recoverable by EPE on account of a Construction Event of Default or an Operational Event of Default shall include Replacement Energy Costs, provided that damages associated with a Construction Event of Default shall not exceed the amount of the Security Fund provided by Seller.

  • Except as otherwise provided in this Section, Seller’s aggregate financial liability to Company for Replacement Energy Costs and other damages shall not exceed the then-current amount of the Seller’s Security Fund pursuant to Section 11.1(A) (the “Damage Cap”).

  • If Seller is the defaulting Party, the Parties agree that the damages recoverable by Company hereunder on account of an Event of Default of Seller shall include Replacement Energy Costs.

  • In response to the Company’s estimate of Replacement Energy Costs for April, May, and June of 2016, PIA Staff Witness Hayet testified that the “Staff has not reached any final conclusions, but has reviewed these calculations and has some concerns.” Therefore, PIA Staff recommended that “the Company perform a benchmark production cost modeling study to provide an alternative calculation for the replacement energy cost.” (Tr. 297 & 298).

  • After contract award, the NRC staff will provide the contractor a summary of the draft 2011 Replacement Energy Costs for Nuclear Power Plants Report developed by IHS.

  • The NRC will provide any relevant NRC documents that the contractor does not have (e.g. NUREG/BR-0058, 2010 Draft report “Revised Replacement Energy Costs for Nuclear Power Plants” by IHS Global Insights Inc.).

  • In the event that Replacement Energy Costs for any hour are less than the Guaranteed Price for such hour, Replacement Energy Costs shall be deemed to be equal to the Guaranteed Price for such hour for purposes of this Agreement Liability limits of section 7.4 (c) apply.

  • This ARTICLE IV, Section E sets forth the methodology for calculating Replacement Energy Costs and Replacement Capacity Costs to be paid to PSE&G in the event VENTURE fails to fulfill certain performance obligations and if this AGREEMENT has not been terminated pursuant to ARTICLE XVI.

  • In order to provide the Commission the ability to better assess the impact of the Company’s replacement energy estimate, Advisory Staff recommends approval of the Company’s recommendation for a collaborative process in addition to the current reporting methodology for Replacement Energy Costs.


More Definitions of Replacement Energy Costs

Replacement Energy Costs means those costs which vary with the amount of Replacement Energy provided to a Participant by NIMPA in accordance with Section 3.4 of this Agreement.
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Replacement Energy Costs means the costs incurred by Purchaser for the Renewable Energy which are necessary to replace that which Seller, in accordance with this REPA, was required to have delivered to Purchaser, but failed to so provide, less the sum of any payments from Purchaser to Seller, under this REPA, which were elimi- nated as a result of such failure. Replacement Energy Costs include the amounts paid or incurred by Purchaser for replacement Renewable Energy, or replacement En- ergy plus replacement Beneficial Environmental Interests, transmission of Energy, and directly associated transac- tion costs. Additional costs may include any penalties incurred by Purchaser as a result of the Seller's non- performance.
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Replacement Energy Costs means the costs incurred by NSP for the Renewable Energy which is necessary to replace that which Seller, in accordance with this REPA, was required to have produced at the Facility and deliver to NSP, but failed to so provide, less the sum of any payments from NSP to Seller, under this REPA, which were eliminated as a result of such failure, provided that the net amount shall never be less than zero in any hour. Replacement Energy Costs include, but are not limited to, the amounts paid or incurred by NSP for replacement energy from an Eligible Renewable Energy Resource, or replacement energy plus Environmental and Renewable Energy Credits, transmission of energy and directly associated transaction costs. Additional costs may include but are not limited to replacement capacity costs and any penalties incurred as a result of the Seller's non-performance.
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Replacement Energy Costs means the costs that would be incurred by Company, after the Commercial Operation Date, for the Renewable Energy that is necessary to replace that which Seller, in accordance with this PPA, was required to have produced at the Facility and deliver to Company, but failed to so provide during an applicable period, less the sum of any payments from Company to Seller, under this PPA, that were eliminated as a result of such failure. Unless the Parties mutually agree to a different basis for reimbursement, Replacement Energy Costs shall be determined in accordance with the following formula: Replacement Energy Costs = A + B – C, where
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Related to Replacement Energy Costs

  • Replacement Energy means Energy purchased by Buyer as replacement for any Delivery Shortfall.

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

  • Energy Charge means a charge for each kilowatt-hour (kWh) of electrical energy;

  • Utility Costs means utility and home energy costs related to the occupancy of rental property (e.g. electricity, gas, water and sewer, trash removal, and energy costs (such as fuel oil)) that are separately-stated charges. Utility Costs do not include telecommunication services (e.g. telephone, cable, and internet services).

  • 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.

  • Electricity Charges means service charges in respect of the provision of electricity.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Service Costs has the meaning ascribed thereto in Section 3.01.

  • Useful thermal energy means, with regard to a cogeneration unit, thermal energy that is:

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

  • Delivery Costs means those components of the traction electricity costs in respect of which the rate charged to Network Rail varies by Geographic Area g. These include costs associated with electricity supply industry transmission and distribution;

  • Building Energy Benchmarking means the process of measuring a building’s Energy use, tracking that use over time, and comparing performance to similar buildings.

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

  • Transportation Costs means a component of the Charges, comprising those charges payable to the TNO and/or DNO for the use of their networks as applicable from time to time under the Industry Agreements including those charges more specifically referred to as “DUoS” and “TNUoS” and specified as “Included in the Unit Rate”, “Fixed” or “Pass-Through” in the Quotation Document or as otherwise notified to you as payable during the Supply Contract from time to time;

  • Electricity supplier means any person, including aggregators, market aggregators, brokers, and marketers, offering to sell electricity to retail customers in the state of Montana.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Additional Transportation Cost means the actual cost incurred for one-way Economy Transportation by Common Carrier reduced by the value of an unused travel ticket.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Operation and Maintenance Costs means the costs of:

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

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

  • Costs means, with respect to the Non-Defaulting Party, brokerage fees, commissions, legal expenses and other similar third party transaction costs and expenses reasonably incurred by such Party in entering into any new arrangement which replaces this Agreement.

  • Bond Service Charges means principal, including mandatory sinking fund requirements for retirement of obligations, and interest, and redemption premium, if any, required to be paid by the authority on obligations.

  • Interconnection Construction Service Agreement means the agreement entered into by an Interconnection Customer, Interconnected Transmission Owner and the Transmission Provider pursuant to Tariff, Part VI, Subpart B and in the form set forth in Tariff, Attachment P, relating to construction of Attachment Facilities, Network Upgrades, and/or Local Upgrades and coordination of the construction and interconnection of an associated Customer Facility. A separate Interconnection Construction Service Agreement will be executed with each Transmission Owner that is responsible for construction of any Attachment Facilities, Network Upgrades, or Local Upgrades associated with interconnection of a Customer Facility.