Virtual Net Metering definition

Virtual Net Metering means an arrangement whereby entire energy generated/injected from a Renewable Energy System or Battery Energy Storage System (BESS) charged through Renewable Energy System is exported to the grid from renewable energy meter/ gross meter and the energy exported is adjusted in more than one electricity service connection(s) of participating consumers located within the same distribution licensee’s area of supply;

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Virtual Net Metering means an arrangement whereby entire electricity generated from a Solar Project installed at Consumer premise or any other location is injected through Solar Electricity Meter and the electricity exported is adjusted in either one or more than one electricity service connection(s) of participating Consumer(s) located within the same Distribution Licensee’s area of supply.

Virtual Net Metering means the process of combining the electric meter readings and billings, including any virtual net metering credits, for a municipal, state or agricultural customer host and a beneficial account related to such customer host's account through an electric distribution company billing process related to the generation service charges and a declining percentage of the transmission and distribution charges on such billings;

Examples of Virtual Net Metering in a sentence

For the purpose of clarity, the Purchaser shall be responsible for the installation and cost of the utility net meter as required by the Maryland Virtual Net Metering Program and the Seller shall be responsible for the cost of the interconnection of the System to the utility distribution system.
Purchaser shall be permitted to retain any credits or payments from the applicable utility that may be available under the Maryland Virtual Net Metering Program or similar programs, to the extent permitted under applicable law.
The Parties acknowledge and agree that the VNMC Price is based on assumptions related to the availability to the Seller of the Environmental Incentives and to the Purchaser of Virtual Net Metering Credits.
The Mayor is hereby authorized to enter into a ten (10) year agreement with Hytone AG-GRID LLC to receive Virtual Net Metering Credits per their Anaerobic Digest Facility.
Such allocation shall initially be based on the percentage allocated to each meter in the Virtual Net Metering Interconnection Agreement, between Building Owner and the Local Electric Utility].

More Definitions of Virtual Net Metering

Virtual Net Metering means the administrative combination of

Virtual Net Metering or “VNM” means an arrangement whereby the entire energy generated from a solar rooftop is exported to the grid and the energy exported is adjusted in more than one electricity service connection(s) of the participating consumers located within the area of supply of the licensee as specified by the Commission.

Virtual Net Metering means the process of combining the electric meter readings and billings, including any virtual net metering credits, for a customer host and a beneficial account through an electric distribution company billing process related solely to the generation service charges on such billings;

Virtual Net Metering means a modality whereby entire energy generated from a Renewable Energy Generating System is exported to the grid from Renewable energy meter or gross meter and the energy exported is adjusted in either one or more than one participating Residential consumer(s) including common connection of housing society located within the same Distribution Licensee’s area of supply.”

Virtual Net Metering means a renewable energy system that is installed on private or public property where the off-taker of the electricity is a municipality, public school, state or quasi-state public entity pursuant to

Virtual Net Metering means an arrangement whereby entire energy generated/injected from a Renewable Energy System or Battery Energy Storage System (BESS) charged through Renewable Energy System is

Virtual Net Metering means measuring the difference 10