REC Pricing Sample Clauses
The REC Pricing clause defines how the price for Renewable Energy Certificates (RECs) will be determined and applied within an agreement. Typically, this clause outlines whether the price is fixed, variable, or subject to market indices, and may specify the timing and method of payment for RECs delivered. By clearly establishing the pricing mechanism, this clause ensures transparency and predictability for both parties, reducing the risk of disputes over payment and helping both sides manage financial planning related to REC transactions.
REC Pricing. Customer shall pay to Cooperative and Cooperative shall pay to EKPC the market value of the RECs purchased on the Customer’s behalf without mark-up from either Cooperative or EKPC. EKPC will increase the Cooperative’s monthly wholesale bill for the RECs purchased at the market price plus a monthly transactional fee of $100. For any agreement instructing EKPC to purchase REC’s in advance of the billing cycle, a monthly carrying charge equal to 1/12 of the annual retail deposit accrual rate set by the Commission will be added to the Cooperative’s bill.
REC Pricing. Customer shall pay to Cooperative and Cooperative shall pay to EKPC the market value of the RECs purchased on the Customer’s behalf without mark-up from either Cooperative or EKPC. EKPC will increase the Cooperative’s monthly wholesale bill for the RECs purchased at the market price plus a monthly transactional fee of $100 and incurred volumetric fees. T Volumetric fees includes, but are not limited to, per REC costs paid to other parties by EKPC to procure specific types of RECs, (ie. Green-e® Energy certified RECs) and per REC costs to retire RECs via industry recognized renewable attribute registries. For any agreement instructing EKPC to purchase REC’s in advance of the billing cycle, a monthly carrying charge equal to 1/12 of EKPC’s annual short-term borrowing rate will be added to the Cooperative’s bill.
REC Pricing. All Pricing Form submissions must conform to the REC RFP Instructions. Qualified REC Brokers shall provide REC prices, as outlined in the Instructions, on a completed Pricing Form. Qualified REC Brokers will be instructed to provide pricing for a variety of volumes, vintages, and project locations.