Net Metering Credits definition

Net Metering Credits means the combination of Renewable Net Metering Credits and Excess Renewable Net Metering Credits, if Excess Renewable Net Metering Credits are produced.

Net Metering Credits has the meaning set forth in 220 C.M.R. §18.00, as may be amended from time to time by a Governmental Authority, as implemented by the Tariffs.

Net Metering Credits has the meaning set forth in paragraph 5 of the Background section of this Agreement.

Examples of Net Metering Credits in a sentence

• Please identify each eligible Customer account to which the NMC is allocating Net Metering Credits by providing the following information (attach additional pages as needed):NOTE: If a designated Customer account closes, the allocated percentage will revert to the NMC’s account, unless otherwise mutually agreed in writing by the NMC and the Company.

• The Last Resort Service and retail delivery rates applicable to any Net Metered Account shall be the same as those that apply to the rate classification that would be applicable to such delivery service account in the absence of Net Metering, including customer and demand charges, and no other charges may be imposed to offset Net Metering Credits.

• The Annual Reconciliation will commence with the reconciliation of Renewable Net Metering Credits that were applied on bills rendered in billing cycles that reflect usage occurring within calendar year 2024 and will continue with the reconciliation of each calendar year thereafter.

• If the Net Metering Credits being allocated are not as close to 100% as feasible and all other interconnection requirements are met, the Company will allow interconnection and commencement of operation to occur pursuant to the Qualifying Facilities Power Purchase Rate (R.I.P.U.C. No. 2256) as amended and superseded from time to time until the NMC is able to reach the required as close to100% as feasible threshold, after which net metering treatment commences.

• For purposes of administering Sections II(3) and II(4) of this Tariff, on a monthly basis, the Company will apply Renewable Net Metering Credits to the Net Metered Accounts for all kWh generated by the Eligible Net Metering System.

More Definitions of Net Metering Credits

Net Metering Credits shall have the meaning set forth in 220 C.M.R. § 18.00, as implemented by the Tariff.

Net Metering Credits means the monetary value of the excess electricity generated by a net metering facility, as currently stated as of the Effective Date under “Net Metering Credits” in the Tariff, and is calculated as of the Effective Date by the LDC according to 220 C.M.R.18:04 and the Tariff §1.06, and excluding, for the avoidance of doubt, any Tax Attributes and Environmental Attributes.

Net Metering Credits shall have the meaning set forth in 220 C.M.R. 18.00, as may be amended from time to time by a Governmental Authority, as implemented by the Tariffs.

Net Metering Credits shall have the meaning set forth in R.I. Gen. Laws § 39-26.4- 1 et and any regulations promulgated thereunder, for Renewable Energy Net-Metering credits, as implemented by the Tariff. One unit of Net Metering Credit shall correspond to one kWh of energy production.

Net Metering Credits means the monetary value of the excess electricity generated by a net metering facility, as currently stated as of the Effective Date under “Net Metering Credits” in the Tariff, and is calculated as of the Effective Date by the LDC according to 220 C.M.R. 18:04 and the Tariff §1.06.

Net Metering Credits means a monetary credit paid, or provided, by the Local Electric Utility, pursuant to the Net Metering Rules, or any Applicable Law based on, incorporating, or subject to, the Net Metering Rules or the Net Metering Tariff.

Net Metering Credits has the meaning set forth in 220 C.M.R. § 18.00, as may be amended from time to time by a Governmental Authority, as implemented by the Local Distribution Company's Tariffs.