FIT Payments Clause Examples

The FIT Payments clause defines the terms and conditions under which payments related to the Feed-in Tariff (FIT) scheme are made between parties. Typically, this clause outlines the calculation method for FIT payments, the schedule for payment, and the responsibilities of each party in reporting and remitting amounts due. For example, it may specify that the generator of renewable energy must provide meter readings to the purchaser, who then pays a set rate per kilowatt-hour generated. The core function of this clause is to ensure that payments for renewable energy generation are handled transparently and efficiently, reducing disputes and clarifying financial obligations under the FIT scheme.
FIT Payments. We're required to make Feed-in Tariff (FiT) payments under our supply licence. If your property's eligible, we can make FiT payments to you if: – you've got a FiT installation which is accredited by Ofgem or the Micro Certification Scheme (MCS); and – you get your electricity from us or from a non-mandatory FiT supplier when you apply for FiT payments We pay what's set out in the Feed-in Tariffs Order 2012, as amended, and our electricity supply licence.
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FIT Payments. 4.1 We will pay the FIT Payments in accordance with the information held on the Central FIT Register, Ofgem’s instructions and these Statement of Terms provided that You comply with the Eligibility Criteria and Your obligations set out in these Statement of Terms. 4.2 Unless You or We end this Agreement, We’ll use Your Tariff Code and the Generation Tariff to calculate the FIT Payments for the electricity that’s generated by Your System and make such payments to You or the Nominated Recipient for the duration of the Agreement. 4.3 Unless You or We end this Agreement and provided that the System is connected to the local electricity grid and You’ve chosen to receive payments for any electricity exported back on to the local electricity network, We shall use the Tariff Code and Export Tariff to calculate the FIT Payments for the surplus electricity exported by Your System and make such payments to You or the Nominated Recipient for the duration of the Agreement or until You opt out of receiving any payment for electricity exported by the System (please see clause 6 below). If Your System is not connected to the local electricity network, You will not be eligible to receive any FIT Payments for any surplus electricity exported by Your System. 4.4 As long as You comply with the provisions of these Statement of Terms and the Eligibility Criteria, We shall pay any FIT Payments payable to You or the Nominated Recipient within 60 days of the last day of each Meter Reading Period, subject to clause 4.6 below. We’ll tell You if that period changes. We’ll make the first payment on the first Quarter date that occurs after the date this Agreement comes into force. Your first FIT Payment may include accrued payments from the Eligibility Date. 4.5 If You are or the Nominated Recipient is a domestic customer and are not VAT registered, payment will be made by BACs or cheque (as You or the Nominated Recipient may elect) or such other payment method that We may offer. 4.6 If you’re registered for VAT, you agree to sign a self-billing agreement form that lets us (if we agree to) produce self-billed invoices for your Export Payments or Deemed Export Payments. This means you agree not to issue any VAT or other invoices for Export Payments or Deemed Export Payments due under the FIT scheme. You must give us your VAT registration number and agree to tell us immediately if your VAT number changes or if you stop being VAT registered. You agree to tell us immediately if you transfe...
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FIT Payments. 5.1. Subject to the other terms of these statement of terms, the Supplier will pay the Generator the FIT Payments set out in the Government Tariff Level Table on an annual basis as long as the FIT Generation Installation is within its Tariff lifetime as set out in the Government Tariff Level Table, the Generator continues to comply with this agreed statement of terms and the Generator provides the Supplier with meter readings according to the timetable requested by the Supplier; 5.2. FIT Payments will be calculated from the date which is the later of: 5.2.1. the date the FIT Generation Installation is installed; 5.2.2. the date the FIT Generation Installation is commissioned; 5.2.3. 1 April 2010; or
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FIT Payments. 4.1 The Generator acknowledges and agrees that FIT Payments shall: (a) accrue from the Eligibility Date (or the Transfer Date where applicable), or the date of the first Meter Reading if taken on such other later date; (b) be payable only once EDF Energy has confirmed that it has received from the Generator a hard copy of a validly executed version of this FIT Statement of Terms; and (c) be subject to variation where there is an Extension or Reduction or as otherwise set out in clause 16.6 of this Agreement. (d) ADÄO@X@AKDÄNMKXÄHMÄQDRODBSÄNEÄDKDBSQHBHSXÄFDMDQ@SDCÄAXÄSGDÄ BBQDCHSDCÄ%(3Ä(MRS@KK@SHNM Ä@MCÄ@BBNQCHMFKXÄHEÄ$#%Ä$MDQFXÄ ÄÄÄÄÄÄQD@RNM@AKXÄBNMRHCDQRÄSG@SÄ@MXÄ,DSDQÄ1D@CHMFÄHMBKTCDRÄDKDBSQHBHSXÄFDMDQ@SDCÄAXÄ@MXÄNSGDQÄRNTQBDÄ ENQÄDW@LOKD ÄVHSGNTSÄ ÄÄÄÄÄÄKHLHS@SHNM ÄDKDBSQHBHSXÄEQNLÄ@ÄBN KNB@SDCÄRSNQ@FDÄCDUHBDÄVGHBGÄG@RÄMNSÄADDMÄFDMDQ@SDCÄAXÄSGDÄ BBQDCHSDCÄ%(3Ä(MRS@KK@SHNM Ä ÄÄÄÄÄÄ$#%Ä$MDQFXÄRG@KKÄCDSDQLHMDÄSGDÄOQNONQSHNMÄNEÄRTBGÄ,DSDQÄ1D@CHMFÄHMÄQDRODBSÄNEÄVGHBGÄ%(3Ä/@XLDMSRÄ@QDÄO@X@AKD 4.2 EDF Energy shall pay to the Generator the FIT Payments quarterly for any electricity which the Generator has generated and where applicable exported, provided that the Generator has: (a) provided EDF Energy with the Opening Meter Reading (with respect to the Generation Meter) and Regular Meter Readings, in accordance with clause 5 below; (b) provided EDF Energy with Valid Meter Readings for the Generation Meter upon validation on the Eligibility Date and Meter Reading Months, and for consecutive Meter Reading Months thereafter j3VNÄ "NMRDBTSHUDÄ5@KHCÄ (c) not submitted to EDF Energy any Invalid Meter Readings; (d) satisfied the Eligibility Criteria (and such criteria continues to be satisfied); (e) provided EDF Energy with Declarations, as and when required; and (f) registered the Export Meter under the BSC in the name of EDF Energy. 4.3 The Generator may be entitled to receive FIT Payments, that being the Generation Payments and where applicable Export Payments, which shall be calculated as follows: (a) Ä&DMDQ@SHNMÄI@XLDMSRÄ– Generation Payments shall be based on Valid Meter Readings taken from the Generation Meter and the Generation Tariff. The Generation Payment shall be exclusive of VAT; (b) Ä$WONQSÄI@XLDMSRÄ– Export Payments shall be based on Valid Meter Readings taken from the relevant Export Meter, and the Export Tariff, provided that an Opening Meter Reading for the Export Meter has been recorded on the Central FIT Register. Where the Accredited FIT installat...
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FIT Payments. 6.1 We’ll give you FiT Payments quarterly, but only if you give us a Valid Meter Reading within the Reading Window. We’ll do everything we can to pay you within ten Working Days after we get your Valid Meter Reading.
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FIT Payments. 6.1 We’ll give you FiT Payments quarterly, but only if you give us a Valid Meter Reading within the Reading Window. We’ll do everything we can to pay you within ten Working Days after we get your Valid Meter Reading. 6.2 Your Generation Tariffs or Export Tariffs are RPI-linked and the Secretary of State may change them annually. The Secretary of State could change the Generation Tariff or Export Tariff at any point. If this happens, you’ll see these changes reflected in your next payment statement after the tariff change. 6.3 If the Authority tells us you’ve been suspended or removed from the Central FiT Register, we’ll stop your FiT Payments. We’ll only continue paying you once the Authority, after lifting your suspension, tells us to. 6.4 We reserve the right to reduce, withhold or recover FiT Payments if it has been identified that you, we or the Authority have made an error in relation to the FiT scheme, FiT Payments made or if the Authority has identified an abuse of the scheme. 6.5 For details about the VAT treatment of FiT payments, please see Clause 9.
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FIT Payments. 6.1 FiT Payments will be made quarterly, subject to receipt of a Valid Meter Reading within the Reading Window. We will take all reasonable steps to make your payment within 10 Working Days of receipt of a Valid Meter Reading. 6.2 Your Generation Tariff and/or Export Tariff are RPI linked and may be subject to an annual change by the Secretary of State. The Secretary of State could change the Generation Tariff and/or Export Tariff at any point. If this happens, these changes will be reflected in your next payment statement following the tariff change. 6.3 If we are notified by the Authority that you are suspended or removed from the Central FiT Register we will cease FiT Payments until we are notified by the Authority that your suspension has been lifted and we should recommence making FiT Payments. 6.4 FiT Payments are made by reference to data held in the Central FiT Register, therefore, it is important that you complete your Annual Declaration to ensure it is accurate and up to date. 6.5 We reserve the right to reduce, withhold or recover FiT Payments if it has been identified that you, we or the Authority have made an error in relation to the FiT scheme or if the Authority has identified an abuse of the scheme. 6.6 For details regarding the VAT treatment of FiT Payments please see clause 9.
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FIT Payments. Generation Tariff Code: Export Tariff Code: Generation Tariff applying at the confirmation date: Export Tariff applying at the confirmation date: Method of Payment: Account Number: Sort Code: Invoicing Address:
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FIT Payments. 5.1. Subject to the other terms of these statement of terms, the Supplier will pay the Generator the FIT Payments set out in the Government Tariff Level Table on an annual basis as long as the FIT Generation Installation is within its Tariff lifetime as set out in the Government Tariff Level Table, the Generator continues to comply with this agreed statement of terms and the Generator provides the Supplier with meter readings according to the timetable requested by the Supplier; 5.2. FIT Payments will be calculated from the date which is the later of: 5.2.1. the date the FIT Generation Installation is installed; 5.2.2. the date the FIT Generation Installation is commissioned; 5.2.3. 1 April 2010; or 5.2.4. the date the Supplier is registered as the FIT supplier for the FIT Generation Installation on the Central FIT Register if it has switched to the Supplier from another supplier. 5.2.5. The Eligibility Date of the installation - The Eligibility Date (except for community energy installations and school installations) is defined as the later of: The date, as applicable of receipt by Ofgem of a FIT Generators written request for ROO-FIT accreditation in a form acceptable to the Authority; The date of receipt by a FIT Supplier of a FIT Generators written request for MCS- certified registration, accompanied by an MCS Certificate for the installation and any other supporting documents required; The date on which the installation is Commissioned or 1 April 2010. 5.3. The Supplier will pay to the Generator FIT Payments in the next payment period after the date: 5.3.1. the FIT Generation Installation is entered onto the Central FIT Register; or 5.3.2. the Generator agrees to this Statement of Terms, whichever is later. 5.4. A generator who has a registered ROO installation and intends to participate in the FIT shall only be entitled to accrued payments for a maximum period of 6 months between the applicable dates in clauses 5.2 and 5.3. 5.5. FIT Payments will be based on the Generation Meter Readings the Generator provides to the Supplier and the data from the Central FIT Register applicable to the FIT Generation Installation. 5.6. The Supplier reserves the right to withhold FIT Payments if instructed to do so by the Authority. 5.7. If the Generator has more than one FIT Generation Installation which are not being measured separately and are the same type of FIT Generation Installation, the Supplier shall pro-rate the FIT Payments due to the Generator based on th...
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Related to FIT Payments

  • Benefit Payments Benefit Payments, as referred to in this Agreement, means the sum of (i) Claims, as described in Xxxxxxxxx 0 xxxxx, (xx) Cash Surrender Values, as described in Paragraph 3 below, and (iii) Annuity Payments, as described in Paragraph 7 below.

  • Tax Benefit Payments Section 3.1 Payments 12 Section 3.2 No Duplicative Payments 13

  • FILOT PAYMENTS Section 4.01

  • ANNUITY PAYMENTS Annuity Payments will commence on the Annuity Payment Date. Payments are made under the Annuity Payment Option selected (see Section 8.02).

  • Net Payments (a) Any and all payments made by or on behalf of any Credit Party under this Agreement or any other Credit Document shall be made free and clear of, and without deduction or withholding for or on account of, any Indemnified Taxes; provided that if any Credit Party or other applicable withholding agent shall be required by law to deduct or withhold any Indemnified Taxes from such payments, then (i) the sum payable by the applicable Credit Party shall be increased as necessary so that after all required deductions and withholdings have been made (including deductions or withholdings applicable to additional sums payable under this Section 5.4) the Administrative Agent or any Lender, as the case may be, receives an amount equal to the sum it would have received had no such deductions or withholdings been made, (ii) the applicable withholding agent shall make such deductions or withholdings and (iii) the applicable withholding agent shall pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law. Whenever any Indemnified Taxes are payable by any Credit Party, as promptly as possible thereafter, the Borrower shall send to the Administrative Agent for its own account or for the account of such Lender, as the case may be, a certified copy of an original official receipt (or other evidence acceptable to such Lender, acting reasonably) received by the applicable Credit Party showing payment thereof. (b) Borrower shall timely pay any Other Taxes. (c) Borrower shall indemnify and hold harmless the Administrative Agent and each Lender within 15 Business Days after written demand therefor, for the full amount of any Indemnified Taxes imposed on the Administrative Agent or such Lender as the case may be, on or with respect to any payment by or on account of any obligation of any Credit Party hereunder or under any other Credit Document and any Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 5.4) and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or by the Administrative Agent on its own behalf or on behalf of a Lender shall be conclusive absent manifest error. (d) A Lender that is entitled to an exemption from or reduction in a withholding tax imposed under the laws of Luxembourg with respect to any payments under this Agreement or any other Credit Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent such properly completed and executed documentation as will permit such payments to be made without withholding or at a reduced rate; provided that such Lender is legally entitled to complete, execute and deliver such documentation. To the extent it is legally entitled to do so, each Lender agrees to use reasonable efforts (consistent with legal and regulatory restrictions and subject to overall policy considerations of such Lender) to file or deliver to the Borrower and the Administrative Agent any certificate or document, as reasonably requested by the Borrower or the Administrative Agent, that may be necessary to establish any available exemption from, or reduction in the amount of, any withholding taxes imposed by a jurisdiction other than Luxembourg; provided, however, that a Lender shall not be required to file or deliver any such certificate or document if in such Lender’s reasonable judgment such completion, execution or delivery would be disadvantageous to such Lender or would subject such Lender to any unreimbursed cost. (e) If the Borrower determines in good faith that a reasonable basis exists for contesting any taxes for which indemnification has been demanded hereunder, the relevant Lender or the Administrative Agent, as applicable, shall cooperate with the Borrower in challenging such taxes at the Borrower’s expense if so requested by the Borrower. If any Lender or the Administrative Agent, as applicable, receives a refund of a tax (in cash or applied as an offset against other cash tax liabilities) for which a payment has been made by any Credit Party pursuant to this Agreement, which refund in the good faith judgment of such Lender or Administrative Agent, as the case may be, is attributable to such payment made by such Credit Party, then the Lender or the Administrative Agent, as the case may be, shall reimburse the Borrower for such amount (together with any interest received thereon) as the Lender or Administrative Agent, as the case may be, determines to be the proportion of the refund as will leave it, after such reimbursement, in no better or worse position (taking into account expenses or any taxes imposed on the refund) than it would have been in if the payment had not been required; provided that the Borrower shall return any such amounts (along with any applicable interest) to the extent that the Administrative Agent or applicable Lender is required to repay any such refund to the applicable taxing authority. A Lender or Administrative Agent shall claim any refund that it determines is available to it, unless it concludes in its reasonable discretion that it would be adversely affected by making such a claim. Neither the Lender nor the Administrative Agent shall be obliged to disclose any information regarding its tax affairs or computations to the Borrower in connection with this paragraph (e) or any other provision of this Section 5.4. (f) The agreements in this Section 5.4 shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.