Calculation of Bill Credits Sample Clauses

Calculation of Bill Credits. Bill Credits are calculated solely by the Utility based upon the terms and conditions of the Program. You acknowledge and agree that our sole obligation regarding payments to you is to request and use commercially reasonable efforts to require the Utility to deliver Bill Credits. We will provide the Utility with your information so that the Utility can post the appropriate amount of Bill Credits to your electric bill, pursuant to the allocations shown in the Membership Information List. Bill Credits to be applied on your electric bill are calculated using the Bill Credit Rate multiplied by your Customer Solar Output based upon the reading. “Bill Credit Rate” means the applicable Value of Distributed Energy Resources (“VDER”) rate in effect at the time of energy generation (in $/kWh) that is applicable to your service classification as may be periodically revised by the Utility based upon variations in the Utility's rate components from time to time, and approved by the New York State Public Service Commission in accordance with its Order Regarding Value Stack Compensation dated April 18, 2019; Order on Net Energy Metering Transition, Phase One of Value of Distributed Energy Resources, and Related Matters, dated March 9, 2017; Order on Phase One Value of Distributed Energy Resources Implementation Proposals, Cost Mitigation Issues, and Related Matters, dated September 14, 2017; and subsequent Orders in Case 15-E-0751, as may be supplemented and amended . You understand that (i) the Bill Credits received by you for a particular Production Month will be reflected on your statement from the Utility as a monetary credit amount and not as an electricity quantity; and (ii) such Bill Credits will be reflected on your monthly invoice according to the Utility’s billing cycle, and there may be a delay of up to three months after the Production Month in which the Bill Credits appear on your Utility invoice.
Sample 1
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Calculation of Bill Credits. Bill Credits are applied solely by the Utility based upon the terms and conditions of the Program. We will provide the Utility with your information so that the Utility can post the appropriate amount of Bill Credits to your Customer Account, pursuant to the allocations shown in the Membership List. Bill Credits to be applied on your Customer Account are calculated using the Bill Credit Rate multiplied by your Customer Solar Output for the Production Month. You understand that (i) the Bill Credits received by you for a particular Production Month will be reflected on your statement from the Utility as either a monetary credit amount or as a kWh credit offsetting your electric usage; (ii) such Bill Credits will be reflected on your monthly invoice as a separate line item according to the Utility’s billing cycle; and (iii) there may be a delay after the Production Month in which the Bill Credits appear on your Utility invoice. Your estimated savings for each calendar year is set forth in Appendix C.
Sample 1
Calculation of Bill Credits. Bill Credits are calculated solely by the Utility based upon the terms and conditions of the Program. You acknowledge and agree that our sole obligation regarding payments to you is to request and use commercially reasonable efforts to require the Utility to deliver Bill Credits. We will provide the Utility with your information so that the Utility can post the appropriate amount of Bill Credits to your Utility bill, pursuant to the allocations shown in the Membership Information List. Bill Credits that are applied to your Utility bill are based upon readings at the Utility Meter. Bill Credits to be applied on your Utility bill are calculated using the Bill Credit Rate multiplied by your Customer Solar Output based upon the reading at the Utility Meter. “Bill Credit Rate” means the applicable value of distributed energy resources rate in effect at the time of energy generation (in $/kWh) and may be periodically revised by the Utility based upon variations in the Utility's rate components from time to time, that is applicable to your service classification.
Sample 1

Related to Calculation of Bill Credits

  • Calculation of Charges Contractor shall provide an invoice to the City on a monthly basis for goods delivered and/or Services completed in the immediate preceding month, unless a different schedule is set out in Appendix B, “Calculation of Charges.” Compensation shall be made for goods and/or Services identified in the invoice that the City, in his or her sole discretion, concludes has been satisfactorily performed. In no event shall the amount of this Agreement exceed [insert whole dollar amount in numbers and words -- no pennies and no “.00”]. The breakdown of charges associated with this Agreement appears in Appendix B, “Calculation of Charges.” A portion of payment may be withheld until conclusion of the Agreement if agreed to by both Parties as retainage, described in Appendix B. In no event shall City be liable for interest or late charges for any late payments. City will not honor minimum service order charges for any services covered by this Agreement.

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