Net Metering Scheme definition

Net Metering Scheme or “Scheme” means the scheme introduced by BELCO in or about 2010 aimed at incentivizing residential electricity customers to install solar PV, wind and tidal energy and under which they would receive payment in respect of any excess energy generated and not consumed by such customers in any calendar month and which they sold to BELCO;

Examples of Net Metering Scheme in a sentence

BELCO’s previous renewable energy Net Metering Scheme operated on a net export basis – that is, any generation exported to the grid by PV producers, net of total energy consumed (and supplied by BELCO), would be remunerated at the retail tariff rate.

Determination‌4 (1) This General Determination is made pursuant to the Consultation entitled “Consultation on the Regulatory Authority (Transitional Measures for Bermuda Electric Light Company Limited Solar Net Metering Scheme) Emergency General Determination” dated 16th March 2017 and the Regulatory Authority’s Decision on it.

Related to Net Metering Scheme

Manufacturer means the person or body who is responsible to the approval authority for all aspects of the type approval process and for ensuring conformity of production. It is not essential that the person or body is directly involved in all stage of the construction of the vehicle, system, component or separate technical unit which is the subject of the approval process.
Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.
Operator means the operator of an electronic communications code network.
Customer means and include the account debtor with respect to any Receivable and/or the prospective purchaser of goods, services or both with respect to any contract or contract right, and/or any party who enters into or proposes to enter into any contract or other arrangement with any Borrower, pursuant to which such Borrower is to deliver any personal property or perform any services.
Project means specific activities of the Grantee that are supported by funds provided under this Contract.
Facility means the entire operation located on the property where the Equipment is located;
Program means the Contributions distributed in accordance with this Agreement.
Plan means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.
Site means any location, facility, or property as defined under any Environmental Law, whether or not presently or formerly owned or operated by the debtor, including, but not limited to, disposal sites.
The Contract means the agreement entered into between the Procuring Entity and the Supplier, as recorded in the Contract Form signed by the parties, including all attachments and appendices thereto and all documents incorporated by reference therein.
Relevant Period means the period from the passing of this resolution until whichever is the earliest of:
Interest Period means each period beginning on (and including) the Interest Commencement Date or any Interest Payment Date and ending on (but excluding) the next Interest Payment Date;
Contractor means the individual or entity, that has entered into this contract with the Commonwealth.
Licensee means a person licensed under this chapter.
Consumer means a person who is a member of the public, takes possession of food, is not functioning in the capacity of an operator of a food establishment or food processing plant, and does not offer the food for resale.
Child means any person under eighteen years of age.
Contract means the agreement that results from the acceptance of a bid by an organ of state;
Premises means the location where the Services are to be supplied, as set out in the Specification.
Subcontractor means any supplier, distributor, vendor, or firm that furnishes supplies or services to or for a prime contractor or another subcontractor.
You (or "Your") shall mean an individual or Legal Entity exercising permissions granted by this License.
Agreement means this Credit Agreement.
Client means the Project lead of technical wing of the Purchaser for whose’ particular project the Goods / Services have been procured or any other person, duly appointed in writing, by the Client, for the time being or from time to time, to act as Client for the purposes of the Contract.
Services means those functional services ancillary to the supply of the goods, such as transportation and any other incidental services, such as installation, commissioning, provision of technical assistance, training, catering, gardening, security, maintenance and other such obligations of the supplier covered under the contract.
Work means the work of authorship, whether in Source or Object form, made available under the License, as indicated by a copyright notice that is included in or attached to the work (an example is provided in the Appendix below).
Service means service as an Employee, Outside Director or Consultant.
Physician means an individual authorized to practice medicine or osteopathy under the law of any state.