Net Metering Credit Value definition

Net Metering Credit Value means, for each kWh of Output allocated to a Customer Meter: (a) the monetary value of any bill credits applied to the Utility bills for such Meter or against the charges in such Utility bill on account of such kWh of Output, plus (b) the monetary value of any other economic benefits realized, credited, allocated, offset or otherwise applied by the Utility to the electricity usage, Utility bills, accounts, charges or fees for such Customer Meter on account of such kWh of Output, including any credits allocated to such Customer Meter in excess of the charges or usage for such Customer Meter during any applicable billing period.
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Net Metering Credit Value means, for each kWh of Output allocated to a Customer Meter: (a) the monetary value of any bill credits applied to the Utility bills for such Meter or against the charges in such Utility bill on account of such kWh of Output, plus (b) the monetary value of any other economic benefits realized, credited, allocated, offset or otherwise applied by the Utility to the electricity usage, Utility bills, accounts, charges or fees for such Customer Meter on account of such kWh of Output, including any credits allocated to such Customer Meter in excess of the charges or usage for such Customer Meter during any applicable billing period. COMMENTThe manner in which net metering benefits are calculated and applied to the Customer’s bill by the Utility depends on the rate class of the specific Customer Meter, the manner in which the System is interconnected to the Utility, the “solar adder” incentive in effect for the Utility on the date the System is commissioned, and the tariff and practices of the Utility. This Agreement uses a broad definition of “Net Metering Credit Value” to capture all of the potential ways that net metering benefits may be allocated or applied to a Customer Meter and the Customer’s Utility bills.For most solar net metering arrangements with school districts and municipalities, the System will be interconnected directly to the Utility and serve Customer Meters on “demand” and “time of use” rate schedules. In this scenario, the Utility will apply a monetary credit to the bill for such Meter, calculated by multiplying the kWhs allocated to such Meter by the Utility’s residential rate. During the first ten years after a solar System is commissioned, the Customers will receive an additional bill credit equal to the number of kWhs allocated to the Meter multiplied by the Utility’s solar adder incentive in effect at the time the System is commissioned.
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Net Metering Credit Value means, for each kWh of Output allocated to a Customer Meter: (a) the monetary value of any xxxx credits applied to the Utility bills for such Meter or against the charges in such Utility xxxx on account of such kWh of Output, plus (b) the monetary value of any other economic benefits realized, credited, allocated, offset or otherwise applied by the Utility to the electricity usage, Utility bills, accounts, charges or fees for such Customer Meter on account of such kWh of Output, including any credits allocated to such Customer Meter in excess of the charges or usage for such Customer Meter during any applicable billing period.
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Examples of Net Metering Credit Value in a sentence

  • COMMENT The standard language of this Agreement provides for monthly billing based on the actual Net Metering Credit Value credited or otherwise applied within the corresponding Utility billing period.

  • Upon such termination, Seller may offer the additional Net Metering Credits to any other Municipality or Other Governmental Entity, all with no further obligation to Buyer, except that Seller shall not sell such Net Metering Credits to another buyer at a discount that is greater than 20% of the Net Metering Credit Value or at a price that is less than $0.075/kWh unless such discount or price had been offered by Seller to Buyer.

  • The price of the additional Net Metering Credits shall be negotiated by the Parties, but in no event will the price per kWh for such credits be less than the greater of (i) a 20% discount of the Net Metering Credit Value in place at the time of negotiation, or (ii)$0.075/kWh; all other material terms shall be governed by this Agreement.

  • The exceptions contained in this Section 5.3 shall not apply to prices charged to Third Party Buyers based on a percentage of the Net Metering Credit Value.

  • For all purposes of this Agreement, including the calculation of the Service Price: X In no event shall the Net Metering Credit Value per kWh of Output allocated to a Customer Meter be deemed to be less than $0.15 per kWh (the “Floor”).

  • Net Metering Credits will be credited to you at the Net Metering Credit Value.

  • The reduction in Net Metering Credit Value will be equal to the decreased amount of fixed and/or volumetric charges from ERCOT and/or TDSPs.

  • All payments under this Section 7 shall be due and payable within thirty (30) days of the Customer’s receipt of an invoice from the System Owner (the “Payment Date”).COMMENT The standard language of this Agreement provides for monthly billing based on the actual Net Metering Credit Value credited or otherwise applied within the corresponding Utility billing period.

  • Any changes to the total price you pay for energy that are made in accordance with the EFL and/or the Terms of Service for your electricity service including but not limited to those due to an increase in the fixed charges assessed by the TDU and/or ERCOT or the volumetric charges assessed by the TDU and/or ERCOT will not result in a change in the Net Metering Credit Value for Excess Generation to be credited under the Net Metering Program.

  • She acknowledges WADA’s prohibited substances list states “the list includes compounds of similar chemical structure or biological effects”, but admits not doing any investigation to determine whether methylsynephrine is the chemical equivalent of oxilofrine until after testing positive for the later substance.


More Definitions of Net Metering Credit Value

Net Metering Credit Value means the average value of a kilowatt-hour of electricity over the Contract Year, determined in accordance with the definition of “Renewable Net Metering Credit” in the Net Metering Rules.
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Related to Net Metering Credit Value

  • Net metering customer means a customer of the electric distribution company

  • credit meter means a meter where an account is issued subsequent to the consumption of electricity;

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Net Metering Net metering refers to customers who sell electricity they produce, typically through a rooftop solar panel, back to the utility for credit. If you are a net metering customer, you should not enroll with XOOM because your net metering agreement will not transfer to XOOM once you enroll.

  • Net metering system means a facility for the production of electrical energy that does all of the following:

  • Net meter means an appropriate energy meter capable of recording both import & export of electricity or a pair of meters one each for recording the import and export of electricity as the case may be;

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Uptime Percentage means Uptime expressed as a percentage, calculated in accordance with the following formula:

  • Net Xxxx-to-Market Exposure of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Rate Management Transactions. “Unrealized losses” means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

  • Concentration Percentage means (i) for any Group A Obligor, 10.00%, (ii) for any Group B Obligor, 8.00%, (iii) for any Group C Obligor, 6.00% and (iv) for any Group D Obligor, 4.00%.

  • PJM Region Installed Reserve Margin means the percent installed reserve margin for the PJM Region required pursuant to RAA, Schedule 4.1, as approved by the PJM Board. PJM Region Peak Load Forecast:

  • House dust mite product means a product whose label, packaging, or accompanying literature states that the product is suitable for use against house dust mites, but does not indicate that the product is suitable for use against ants, cockroaches, or other household crawling arthropods.

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Net metering period means the 12-month period following the date of final interconnection of the

  • HICP Daily Inflation Reference Index means (i) in relation to the first day of any given calendar month, the HICP Monthly Reference Index of the third calendar month preceding such month, and (ii) in relation to a day D (other than the first day) in any given month ("M"), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third calendar month preceding such month ("M – 3") and the second calendar month preceding such month ("M – 2") calculated in accordance with the following formula:

  • Applicable Collateral Percentage with respect to any Firm Collateral or Special Firm Collateral, has the meaning set forth in the books and records of the Partnership with respect thereto.

  • Net Invoice Price means the price paid by You for Your Vehicle including all factory fitted accessories and any discount given but excluding retailer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and / or upholstery protection kits, insurance premiums (including this Premium), warranty premiums and any such associated costs and any Negative Equity.

  • Aggregate Loss Severity Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred on any Mortgage Loans from the Cut-off Date to the last day of the preceding calendar month and the denominator of which is the aggregate principal balance of such Mortgage Loans immediately prior to the liquidation of such Mortgage Loans.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Utilization Percentage means, on any day, the percentage produced by dividing (a) the aggregate Revolving Credit Exposures by (b) the total Commitments, unless the Commitments shall have been terminated, in which case the Utilization Percentage shall be 100%.