Variable Energy Payment definition

Variable Energy Payment means the payment to be made by Buyer to Seller pursuant to Section 5.3 and as specified in Exhibit F.
Variable Energy Payment has the meaning set forth in Section 5.1.1.

Examples of Variable Energy Payment in a sentence

  • On or before the tenth (10th) day following the end of each month, Seller shall deliver to Buyer a proper invoice showing Seller’s computation of the Variable Energy Payment, MAAF and the Capacity Payment for such month.

  • Commencing on the last day of the month in which the Commercial Operation Date occurs, Buyer shall pay to Seller in arrears a Variable Energy Payment as set forth in Exhibit F for Net Energy.

  • Consumers shall not be obligated to accept electric energy or make renewable and energy payments pursuant to Subsection 6.1, Renewable Payment, Subsection 6.2, Variable Energy Payment, or Subsection 6.3, Incidental Energy Payment, for any electric energy which the Seller desires to deliver from the Plant during Exempt Operational Periods.

  • These payments shall consist of a Fixed Capacity Payment and Variable Energy Payment.

  • Commencing with the Commercial Operation Date of the Plant and continuing for the term of this Agreement, as a Monthly Variable Energy Payment for Delivered Energy for that Billing Month from Seller hereunder, Consumers shall pay Seller the sum of the hourly products of the hourly integrated total of Delivered Energy and the Energy Purchase Price.

  • Any amounts not paid when due (including reconciliation of variable energy payments pursuant to Section 6.2, Variable Energy Payment) shall bear interest until paid at the Interest Rate.

Related to Variable Energy Payment

  • 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.

  • Renewable energy project means (A) a project

  • 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.

  • 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 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;

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

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

  • 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:

  • Offshore wind renewable energy certificate or "OREC" means

  • 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.

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

  • Class I renewable energy means electric energy produced from

  • Renewable Energy Certificate or "REC" means a certificate

  • Class II renewable energy means electric energy produced at a

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

  • Solar renewable energy certificate or "SREC" means a

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

  • Flexible Resource means a generating resource that must have a combined Start-up Time and Notification Time of less than or equal to two hours; and a Minimum Run Time of less than or equal to two hours. “Firm Point-To-Point Transmission Service” shall mean Transmission Service under the Tariff that is reserved and/or scheduled between specified Points of Receipt and Delivery pursuant to Tariff, Part II.

  • 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.

  • Solar energy system means a system of components that produces heat or electricity, or both, from

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

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • energy infrastructure means any physical equipment or facility which is located within the Union or linking the Union to one or more third countries and falling under the following categories:

  • 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.