Examples of metering period in a sentence
Excess Generation purchased at the end of the Net Metering Period shall be priced on this basis.
After the Cooperative makes all deductions for any outstanding balances and other amounts owed to the Cooperative, the Cooperative shall make full payment for Excess Generation annually to Customer within 30 days following the end of the Net Metering Period.
At the conclusion of each Net Metering Period, and extensions thereof, Excess Generation shall be valued at a price equal to the trailing 12-month average (by tiers for time-of-use customers) of the Cooperative’s avoided cost of energy, including fuel, based on the energy and energy-related charges of its wholesale power suppliers.
Customer, by correspondence dated , has informed the Cooperative that Customer wishes to make a one-time election regarding the sale to the Cooperative of Renewable Energy Certificates (“RECs”) created by its Renewable Fuel Generator [write “Not Applicable” in date line above if Customer is not electing to sell RECs to the Cooperative]; and Whereas, the Cooperative is willing to purchase Customer’s Excess Generation, if any, at the end of the Net Metering Period.
Where Customer has provided the above sixty (60) day notice prior to the end of the then-current Net Metering Period so as to terminate the Agreement effective concurrent with the end of such Net Metering Period, CBEC shall either credit Customer’s Account or pay Customer in accordance with the terms and conditions set forth in the Third Paragraph above, the Excess Generation Value for Excess Generation accrued during such Net Metering Period.
The request must be received by CBEC before the beginning of the Net Metering Period.
Consistent with the Customer’s written request provided under this Second Paragraph, the term of this Agreement shall commence with the Effective Date and shall continue through the end of the first Net Metering Period and shall automatically renew for each successive Net Metering Period thereafter unless terminated earlier under the terms of this Agreement.
Net Metering Period is defined under the Virginia State Corporation Commission’s “Rules Governing Net Energy Metering” as each successive 12-month period beginning with the first meter reading date following the date of final interconnection of the Renewable Fuel Generator with the electric distribution company’s facilities (CBEC in this instance).
For Net Metering Periods beginning on or after January 1, 2009, the written request of the Customer must be submitted prior to the beginning of the Net Metering Period.
During the initial net metering period, and extensions thereof, Excess Generation shall be valued at a price equal to the simple average (by tiers for time-of-use customers) of Cooperative’s hourly avoidable cost of energy, including fuel, based on the energy and energy- related charges of its primary wholesale power supplier for the Net Metering Period.