Banked energy definition

Banked energy means the electric energy held under an agreement for later delivery.
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Banked energy means the surplus Renewable Energy generated and credited with the Distribution Licensee after set off with consumption in the same Time of Day slot, if applicable;
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Banked energy means the electric Energy energy held under Banking an agreement arrangements for later delivery to a Purchaser.
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Examples of Banked energy in a sentence

  • Whenever a Customer’s participation in the Net Metering Service Option is discontinued, any unused Banked Energy Credits will be settled with a credit on the Customer’s next bill.

  • Banked Energy Credits will be reduced to zero whenever the customer generator receives payment for the outstanding balance.

  • Banked Energy Credits in excess of those used to calculate the Generation Energy Credit for a billing month will be carried forward to the following month.

  • Settlement of Banked Energy Credits will be computed based upon the Company’s marginal wholesale rate that applies to sales to Newfoundland Power for Island Interconnected customers, the imbalance rate for Labrador Interconnected customers and the excess energy rate for diesel customers, during the calendar month in which billing occurs.

  • The “Generation Energy Credit” is the sum of the kWh energy supplied by the Customer to Hydro during the billing month plus Banked Energy Credits.

  • The drawl of banked power shall also be not allowed during peak load hours as mentioned in the ToD tariff approved by the Commission.6. The Banked Energy Shall be calculated at the end of a month as follows:- Banked Energy at the end of month (Ebi)= {Eg(1-losses)-Ec} * (1-b) + Eb (i-1)* Eg = Energy Generation for the ith month* Ec = Energy consumption for the ith month* Eb (i-1) = Energy Banked at the end of previous month*b = Banking charges in kind.

  • If the Customer is served pursuant to a domestic time-of-day service account, NSPI will measure and record Banked Energy Credits in relation to the applicable time-of–use periods for billing purposes and crediting purposes.

  • By June 20, 2012, when the last papers were filed, the case stood fully briefed and ready for decision.

  • Banked Energy Credits held by the Customer and will remain valid until the earlier of the Anniversary Date or the date upon which service is discontinued, at which time the Banked Energy Credit will be applied towards the Customer’s billed energy (kWh) within the same calendar year and applied to the customer’s account in the form of a bill credit.

  • Any Banked Energy Credits held by the Customer upon the Anniversary Date or upon the discontinuation of service in excess of the Customer’s billed energy will be forfeited by the Customer and set to zero.

Related to Banked energy

  • 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.

  • Scheduled Energy means the Energy that clears under the applicable CAISO market based on the final Schedule developed in accordance with this Agreement, the operating procedures developed by the Parties pursuant to Section 3.10, and the applicable CAISO Tariff, protocols and Scheduling practices.

  • Renewable Energy Credits or “RECs” – means a renewable energy credit as defined in the Green-e Energy National Standard and shall include all the renewable attributes associated with the applicable level of corresponding energy production.

  • Excess Energy has the meaning set forth in Section 4.5(a)(i). [For As-Available Product only]

  • mean high water springs or “MHWS” means the highest level which spring tides reach on average over a period of time;

  • 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.

  • Renewable energy means the grid quality electricity generated from renewable energy sources;

  • 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;

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

  • Storm water management plan means a comprehensive plan designed to reduce the discharge of pollutants from storm water after the site has under gone final stabilization following completion of the construction activity.

  • Stormwater management plan means the set of drawings and other documents that comprise all the information and specifications for the programs, drainage systems, structures, BMPs, concepts and techniques intended to maintain or restore quality and quantity of stormwater runoff to pre-development levels.

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • energy storage means, in the electricity system, deferring the final use of electricity to a moment later than when it was generated, or the conversion of electrical energy into a form of energy which can be stored, the storing of such energy, and the subsequent reconversion of such energy into electrical energy or use as another energy carrier;

  • Neighborhood electric vehicle means a self-propelled

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Garden State Growth Zone or "growth zone" means the four

  • Planned Financed Generation Capacity Resource means a Planned Generation Capacity Resource that, prior to August 7, 2015, has an effective Interconnection Service Agreement and has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close.

  • Electric power supplier means a person or entity that is duly

  • Class I renewable energy means electric energy produced from

  • Generating Company means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station;

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

  • Virginia Stormwater Management Program authority or "VSMP authority" means an authority approved by the State Board after September 13, 2011, to operate a Virginia Stormwater Management Program.

  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.

  • Plug-in Hybrid Electric Vehicle (PHEV) means a vehicle that is similar to a Hybrid but is equipped with a larger, more advanced battery that allows the vehicle to be plugged in and recharged in addition to refueling with gasoline. This larger battery allows the car to be driven on a combination of electric and gasoline fuels.

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.

  • boycott energy company means “without an ordinary business purpose, refusing to deal with, terminating business activities with, or otherwise taking any action intended to penalize, inflict economic harm on, or limit commercial relations with a company because the company (a) engages in the exploration, production, utilization, transportation, sale, or manufacturing of fossil fuel-based energy and does not commit or pledge to meet environmental standards beyond applicable federal and state law, or (b) does business with a company described by paragraph (a).” (See Tex. Gov. Code 809.001). When applicable, does Vendor certify? Yes 5 Felony Conviction Notice - Texas Education Code 44.034 9 Texas Education Code, Section 44.034, Notification of Criminal History, Subsection (a), states, "a person or business entity that enters into a contract with a school district must give advance notice to the district if the person or an owner or operator of the business entity has been convicted of a felony. The notice must include a general description of the conduct resulting in the conviction of a felony.” Subsection (b) states, "a school district may terminate a contract with a person or business entity if the district determines that the person or business entity failed to give notice as required by Subsection (a) or misrepresented the conduct resulting in the conviction. The district must compensate the person or business entity for services performed before the termination of the contract.” Subsection (c) states, "This section does not apply to a publicly held corporation. Vendor certifies one of the following: