Common use of Application of kWh and Financial Credits Clause in Contracts

Application of kWh and Financial Credits. If an individual customer participates in one or more Net Energy Billing arrangements and/or also receives financial credits in any Distributed Generation arrangement, the customer’s consumption will first be reduced by any applicable kWh credits before financial credits are applied. Separate banks will be created for kWh and financial credits and each will expire based upon the terms applicable to each type of contract under which the credits are acquired.

Application of kWh and Financial Credits. If an individual customer Financial Interest Customer participates in one or more Net Energy Billing arrangements and/or also receives financial credits in any Distributed Generation Procurement arrangement, the customerFinancial Interest Customer’s consumption will first be reduced by any applicable kWh credits before financial credits are applied. Separate banks will be created for kWh and financial credits and each will expire based upon the terms applicable to each type of contract under which the credits are acquired.