Rate Adjustments. The Energy Credits provided from PMPA to its Utilities are credited at an avoided cost for energy exported to the grid by the Utilities’ Customers. From time to time, PMPA may change the Rates for Energy Credits in effect due to changing wholesale costs. If a change occurs, PMPA will notify its Utilities of the change and when the new effective date will occur. The Utility will be responsible for notifying its Customers.
Appears in 4 contracts
Samples: Billing Power Purchase Agreement, Billing Power Purchase Agreement, Billing Power Purchase Agreement
Rate Adjustments. The Energy Credits provided from PMPA to its Utilities are credited at an avoided cost for energy exported to the grid by the Utilities’ Customers. From time to time, PMPA may change the Rates for Energy Credits in effect due to changing wholesale costs. If a change occurs, PMPA will notify its Utilities of the change and when the new effective date will occur. The Utility will be responsible for notifying its Customers. The Energy Credits in effect are merely minimums that Utilities must pass on to their Customers. Any Utility may elect to increase the credits provided to each Customer.
Appears in 2 contracts
Samples: Tri Party Net Billing Power Purchase Agreement, Tri Party Net Billing Power Purchase Agreement
Rate Adjustments. The Energy Credits provided from PMPA to its Utilities are credited at an avoided cost for energy exported to the grid by the Utilities’ Customers. From time to time, PMPA may change the Rates for Energy Credits in effect due to changing wholesale costs. If a change occurs, PMPA will notify its Utilities of the change and when the new effective date will occur. The Utility will be responsible for notifying its Customers.. The Energy Credits in effect are merely minimums that Utilities must pass on to their Customers. Any Utility may elect to increase the credits provided to each Customer. Revised September 17, 2020
Appears in 2 contracts
Samples: Tri Party Net Billing Power Purchase Agreement, Tri Party Net Billing Power Purchase Agreement
