Energy Credit definition

Energy Credit means the monthly Energy Credit generated by the Project. The monthly Energy Credit will be based on actual generation. The Project’s solar production will be metered and a portion of the production during each billing cycle will be allocated to Participant’s monthly Electric Xxxx based on the number of Solar Units Participant has purchased. Each Solar Unit is expected to produce an average of 16 kWh of electricity on an annual basis (more in the summer and less in the winter). The total amount of credit applied to Participant’s xxxx will be based upon the number of Solar Units purchased and the actual energy production (kilowatt-hours, or kWh) during each billing cycle, multiplied by Clallam PUD’s then-applicable retail electrical rate. Only whole number kWh will be allocated to Participant’s monthly Electric Xxxx, and any fractional portion of kWh generation will be added to the generation for each subsequent billing cycle until the accumulated fractional portions equal a whole number kWh. The Energy Credit is in the nature of a “generation credit” in that it is directly related to the amount of renewable energy actually generated by the Project. On an annual basis, Energy Credits not allocated via the estimated monthly xxxx credit will be applied to the Account. SAMPLE
Sample 1
Energy Credit is the amount of electricity generated by the Solar Unit as defined in Section 6.3.
Sample 1
Energy Credit means a unit, representing one kWh of new end-use energy savings, that may be obtained by an obligated party by the means specified in Regulation 10(4)(b) for the purpose of achieving its annual EEOS target;
Sample 1

Examples of Energy Credit in a sentence

  • DWREC = Department of Water Resources (DWR) Energy Credit – For more information on the DWR Energy Credit, see the Billing Calculation Special Condition of this Schedule.(Continued)(To be inserted by utility) Issued by (To be inserted by Cal.

  • Alternative Energy Credit or “AEC” – Shall have the meaning ascribed thereto in the AEPS Act.

  • Demonstrates that Entity (or those it represents) is affected by the Customer Registration or Renewable Energy Credit (REC) Trading Program sections of the ERCOT Protocols.

  • Resides (or represent residents) in Texas or operates in the Texas electricity market; and(ii) Demonstrates that Entity (or those it represents) is affected by the Customer Registration or Renewable Energy Credit (REC) Trading Program sections of the ERCOT Protocols.

  • If a Solar Energy Credit accumulates to an amount greater than $100, the Company shall pay the balance to the customer.

  • Each participating customer's monthly energy bill will include the Subscription Payment and Solar Energy Credit.

  • This Solar Energy Credit includes the energy and capacity value of the program production as defined herein, and avoided line losses.

  • A subscribed customer will receive a Solar Energy Credit for the subscription's percentage of the solar energy generated in the Solar Program.

  • Renewable Energy Credit (REC)A Renewable Energy Credit (REC) is a tradable instrument that represents all of the renewable attributes associated with one (1) MWh of production from a certified renewable generator.

  • Customers who wish to support the development of renewable energy may elect to participate in the Renewable Energy Credit Pilot Rider.


More Definitions of Energy Credit

Energy Credit means Purchaser’s share of the actual Net Electrical Output of the SunSmart Project in kilowatt hours, as determined by the City from meters installed for such purposes and read after the end of each calendar month. The applicable Energy Credit will be credited monthly against the Electric Xxxx of Purchaser as an offset against energy otherwise metered and billed for residential use at the Residential Property. If all currently available Solar Units are sold out, the Energy Credit will begin following Commercial Operation of the next Phase of the SunSmart Project, or from another available renewable energy resource determined by the City.
Sample 1
Energy Credit means the amount BL&P will credit the Customer Generator’s account for the kWh delivered to the Grid, as determined in accordance with the Renewable Energy Rider.
Sample 1
Energy Credit means a billing credit the Participant is eligible to receive on their Electric Xxxx based on the amount of electric energy produced by the Solar Units selected by the Participant. See Section 6.
Sample 1
Energy Credit has the meaning specified in Section 6.05 hereof. “Energy Credit Multiplier” means nine-tenths (0.9).
Sample 1

Related to Energy Credit

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • Renewable Energy Credits or “RECs” – means a renewable energy credit as defined in the Green-e Energy National Standard and shall include all the renewable attributes associated with the applicable level of corresponding energy production.

  • Energy year or "EY" means the 12-month period from June 1st

  • Energy facility means an energy plant or transmission

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • energy poverty means a household’s lack of access to essential energy services that underpin a decent standard of living and health, including adequate warmth, cooling, lighting, and energy to power appliances, in the relevant national context, existing social policy and other relevant policies;

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Real-time Energy Market means the purchase or sale of energy and payment of Transmission Congestion Charges for quantity deviations from the Day-ahead Energy Market in the Operating Day.

  • Energy Charge means a charge for each kilowatt-hour (kWh) of electrical energy;

  • energy service means the physical benefit, utility or good derived from a combination of energy with energy-efficient technology or with action, which may include the operations, maintenance and control necessary to deliver the service, which is delivered on the basis of a contract and in normal circumstances has proven to result in verifiable and measurable or estimable energy efficiency improvement or primary energy savings;

  • nuclear energy hazard means the radioactive, toxic, explosive, or other hazardous properties of radioactive material;

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • State Energy Commission means The State Energy Commission of Western Australia as described in section 7 of the State Energy Commission Xxx 0000;

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Renewable Energy Certificate or "REC" means a certificate

  • PPA means the Power Purchase Agreement signed between the successful bidder and MSEDCL according to the terms and conditions of the standard PPA enclosed with this RfS;

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • Renewable Energy Certificates or “RECs” shall mean all of the Certificates and any and all other Environmental Attributes associated with the Products or otherwise produced by the Facility which satisfy the RPS for a RPS Class I Renewable Generation Unit, and shall represent title to and claim over all Environmental Attributes associated with the specified MWh of generation from such RPS Class I Renewable Generation Unit.

  • Annual Energy Use means, (i) with respect to the first 5 years following the Effective Date, the annual electricity usage, expressed in kilowatt hours (“kWhs”), within the Party’s respective jurisdiction and (ii) with respect to the period after the fifth anniversary of the Effective Date, the annual electricity usage, expressed in kWhs, of accounts within a Party’s respective jurisdiction that are served by the Authority and (b) “Total Annual Energy” means the sum of all Parties’ Annual Energy Use. The initial values for Annual Energy use are designated in Exhibit C, and shall be adjusted annually as soon as reasonably practicable after January 1, but no later than March 1 of each year

  • Solar energy system means a system of components that produces heat or electricity, or both, from

  • Renewable energy project means (A) a project

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Solar energy means the sun used as the sole source of energy for producing electricity.

  • Gas company means any person distributing gas within the corporate limits or authorized and proposing to so engage.