REC Charge definition

REC Charge means the charge payable by the You in satisfaction of Our obligations to purchase and surrender LGCs and STCs under the Renewable Energy Act"Relevant Regulations" means the regulations that are relevant to Our supply of electricity to You under this Contract and include the Customer Contracts Regulations.
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REC Charge means the charge payable by the Buyer in satisfaction of Change Energy’s obligations to purchase and surrender LGCs and STCs under the Renewable Energy Act calculated by reference to the renewable energy certificate market price of LGCs and STCs. Regulations means the statutes, subsidiary legislation and legislative instruments governing the Western Australian electricity market from time to time. Renewable Electricity Equipment means, with respect to a Site, renewable electricity generation equipment or batteries connected or to be connected to Buyer Facilities at the Site. Renewable Electricity Supply means the Surplus Electricity exported to the Network in accordance with
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REC Charge means the charge payable by the Buyer in satisfaction of PE’s obligations to purchase and surrender LGCs and STCs under the Renewable Energy Act calculated by reference to the renewable energy certificate market price of LGCs and STCs. Regulations means the statutes, subsidiary legislation and legislative instruments governing the Western Australian electricity market from time to time. Renewable Electricity Equipment means, with respect to a Site, renewable electricity generation equipment or batteries connected or to be connected to Buyer Facilities at the Site. Renewable Electricity Supply means, for a Billing Period, the Surplus Electricity exported to the Network during the Billing Period in accordance with this Agreement, aggregated across all Sites at which Renewable Electricity Equipment is connected to Buyer Facilities.
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Examples of REC Charge in a sentence

  • Nothing in this Schedule E shall be construed as preventing the Parties from entering into other agreements for an alternative arrangement for the Authority to meet the Annual REC Percentage Target with respect to the Customer’s Allocation, including but not limited to Customer self-supply of RECs, alternative REC compliance programs and cost allocation mechanisms, in lieu of the Monthly REC Charge provided in this Schedule E (collectively, “Alternative REC Compliance Program”).

  • By accepting Electric Service under the Agreement, the Customer agrees to pay the Monthly REC Charge.

  • The Authority will, at the conclusion of each calendar year in which it assesses a Monthly REC Charge, conduct a reconciliation process based on the actual costs that it incurred for REC Compliance Measures and actual load served for the year, compared with cost or load estimates or forecasts, if any, that the Authority used to calculate the Customer’s Monthly REC Charges during the year.

  • The Authority may, in its discretion, include the Monthly REC Charge as part of the monthly bills for Electric Service as provided for in the Agreement, or ▇▇▇▇ the Customer for the Monthly REC Charge pursuant to another Authority-established procedure.

  • The Monthly REC Charge is part of a RES Compliance Program that the Authority has adopted for the purpose of complying with the CES and Tier 1 of the RES and implementing the EP and RP power programs in a manner that is consistent with the New York State Energy Plan, pursuant to which the Authority will invest in new renewable generation resources to serve its EP and RP customers.

  • The Monthly REC Charge is in addition to all other charges, fees and assessments provided in the Agreement, Service Tariff No. WNY-2 and the Rules.

  • Each month, the Authority will assess to the Customer, as a Monthly REC Charge, which will represent the Customer’s share of the Total Monthly REC Costs assessed to the Total Monthly EP-RP Load.

  • Notwithstanding any other provision of the Agreement, or any provision of Service Tariff No. WNY-2 or the Rules, as of January 1, 2019, the Customer shall be subject to a Monthly REC Charge as provided in this Schedule E.

  • The Monthly REC Charge is in addition to all other charges, fees and assessments provided in the Agreement, the Service Tariff and the Rules.

  • Notwithstanding any other provision of the Agreement, or any provision of the Service Tariff, or the Rules, the Customer shall be subject to a Monthly REC Charge as provided in this Schedule E.