Tier 1 RECs definition

Tier 1 RECs means the sum of the Current Tier 1 RECs and Future Tier 1 RECs.
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Tier 1 RECs means the RECs composed of a blend, by fuel source, based on annual generation of the resources listed in or pursuant to section 2 of this exhibit.
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Tier 1 RECs means the RECs that BPA determines are attributable to resources whose output is used to establish Tier 1 System Capability, as Tier 1 System Capability is defined in the TRM, excluding the Initial Tier 1 Renewable Projects.
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Examples of Tier 1 RECs in a sentence

  • In order to satisfy the terms of this contract, RECs must be purchased fromNY.TOS.E_2.12.2021 eligible renewable generators through NYGATS; by purchasing Tier 1 RECs from NYSERDA; by procuring RECs from eligible renewable generators through bilateral contracts; by entering into bundled energy and REC purchase agreements with eligible renewable generators; or by making Alternative Compliance Payments to NYSERDA.

  • In order to satisfy the terms of this contract, RECs must be purchased from eligible renewable generators through NYGATS; by purchasing Tier 1 RECs from NYSERDA; by procuring RECs from eligible renewable generators through bilateral contracts; by entering into bundled energy and REC purchase agreements with eligible renewable generators; or by making Alternative Compliance Payments to NYSERDA.

  • An Eligible Bidder bidding to sell Incremental Qualified Clean Energy and/or Tier 1 RECs through a PPA must propose separate prices on a dollar per megawatt-hour ($/MWh) basis for Qualified Clean Energy and/or on a dollar per REC ($/REC) basis for RECs, and a price schedule that conforms with Section 2.2.12.

  • Consistent with section I.C.18.c).(3), the Environmental Component Credit will only be provided where the electric generating equipment is eligible to receive Tier 1 RECs, the Community Credit will only be provided for eligible customers and consistent with the Community Credit rate applicable to the customer and the Capacity Component will be calculated based on Alternative 1, Alternative 2 or Alternative 3 based on customer election.

  • Any RECs sold under a PPA or REC-only contract will only be purchased by the applicable EDC to the extent that those RECs conform to the eligibility criteria for Tier 1 RECs in the RPS program applicable to the EDC’s state.

  • In the absence of regulations or legislation concerning carbon credits and directly affecting BPA, BPA intends to convey the value of any future Available Carbon Credits to «Customer Name» on a pro rata basis in the same manner as described for Available Tier 1 RECs and Tier 2 RECs in sections 3 and 4 of this exhibit.

  • Table VI.C.1. Eligible Tier 1 and Tier 2 ResourcesTier 1 Renewable SourcesTier 2 Renewable Sources • Solar (“Tier 1 solar”)• Wind• Qualifying Biomass• Methane from a landfill or wastewater treatment plant• Geothermal• Ocean• Fuel Cell that produces electricity from a Tier 1 Source• Hydroelectric power plant less than 30 MW Capacity• Poultry litter-to-energy • Hydroelectric power other than pump storage generation• Waste-to-energy Note: Tier 1 RECs may be used to satisfy Tier 2 obligations.

  • Michigan was the largest supplier of Tier 1 RECs (biomass and landfill gas); Pennsylvania, the largest supplier of Tier 2 RECs (hydroelectric).

  • Similarly, for compliance year 2006: 552,874 Tier 1 RECs and 1,322,069 Tier 2 RECs were used to satisfy the Maryland RPS obligation.

  • In Maryland, the ORECs purchased by Maryland utilities will offset their purchases of Tier 1 RECs from other renewable resources.


More Definitions of Tier 1 RECs

Tier 1 RECs. (04/04/08 Version) means the Environmental Attributes composed of a blend, by fuel source, based on annual generation of the specified renewable resources listed in section 2 below.
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Tier 1 RECs means renewable energy certificates generated by NYGATS representing the environmental attributes associated with electrical energy produced by Tier 1 eligible electric generation sources. Each Tier 1 REC represents the environmental attributes associated with one (1) megawatt-hour of electrical energy.
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Tier 1 RECs shall have the meaning as defined in section 1 of Exhibit H.
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Related to Tier 1 RECs

  • Tier 1 Help Desk means Customer's point of contact(s) to provide all Tier 1 Support within Customer's organization(s).

  • Tier 1 Support means the Technical Support provided by the Tier 1 Help Desk.

  • Tier 1 Capital means Tier 1 capital for the purposes of the Capital Regulations.

  • Tier 3 Wire Centers are those Embarq Wire Centers that are not Tier 1 or Tier 2 Wire Centers.

  • Tier 2 means the portion of the design- related information contained in the generic DCD that is approved but not certified by this appendix (Tier 2 information). Compli- ance with Tier 2 is required, but generic changes to and plant-specific departures from Tier 2 are governed by Section VIII of this appendix. Compliance with Tier 2 pro- vides a sufficient, but not the only accept- able, method for complying with Tier 1. Compliance methods differing from Tier 2 must satisfy the change process in Section VIII of this appendix. Regardless of these dif- ferences, an applicant or licensee must meet the requirement in Section III.B of this ap- pendix to reference Tier 2 when referencing Tier 1. Tier 2 information includes:

  • Tier 2 Support means the Esri Technical Support provided to the Tier 1 Help Desk when a Case cannot be resolved through Tier 1 Support.

  • Tier 2 Capital has the meaning given to the term “Tier 2 capital” in 12 C.F.R. Part 217, as amended, modified and supplemented and in effect from time to time or any replacement thereof.

  • Additional Tier 1 Capital means capital which is treated as Additional Tier 1 capital (or any equivalent or successor term) under CRD IV requirements by the Relevant Regulator for the purposes of the Issuer and the Group;

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Common Equity Tier 1 Capital means common equity tier 1 capital (or any equivalent or successor term) of, as the case may be, the Issuer or the Group, in each case as calculated by the Issuer in accordance with CRD IV requirements and any applicable transitional arrangements under CRD IV;

  • COVID-19 test means a viral test for SARS-CoV-2 that is:

  • Municipal primary election means an election held to nominate candidates for

  • Substance abuse treatment means outpatient or inpatient services or participation in Alcoholics Anonymous or a similar program.

  • Common Equity Tier 1 Capital Ratio means (at any time):

  • Minor source baseline date means the earliest date after the trigger date on which a major stationary source or a major modification subject to 40 CFR 52.21 or to regulations approved pursuant to 40 CFR 51.166 submits a complete application under the relevant regulations. The trigger date is:

  • eligible Categories means Categories (1), (2) and (3) set forth in the table in paragraph 1 of Schedule 1 to this Agreement;

  • preferential tariff treatment means the rate of customs duties applicable to an originating good of the exporting Party in accordance with paragraph 1 of Article 16; and