Net Metering Credit definition

Net Metering Credit means the monetary value of the excess electricity generated by a System, as set forth in the Net Metering Rules, and credited to the Purchaser by the Local Electric Utility.

Net Metering Credit means the applicable monetary value of an excess kilowatt-hour of electricity, determined in accordance with the Net Metering Rules, generated by a Solar Net Metering Facility, as defined in accordance with the Net Metering Rules.

Net Metering Credit means the applicable credit paid to an eligible Class I, Class II, Class III, or Neighborhood net metering facility, as the case may be, as set forth in M.G.L. c.164, s.138-140 and 220 CMR 18.02.

Examples of Net Metering Credit in a sentence

• If the net metering registration shows that deliveries of energy in kWh from the Cooperative to the QF exceed the deliveries of energy in kWh from the QF to the Cooperative, the QF shall pay the Cooperative for the net amount of energy delivered by the Cooperative after application of any Net Metering Credit carried forward from previous months at the rate applicable to its type or class of electric service.

• The amount, on a dollars per kWh basis, that is the difference between (a) the average Net Metering Credit that Buyer would have received for the Production Shortfall quantity during the applicable Guaranteed Period, minus (b) the average Net Energy Price for such Guaranteed Period, provided, however, if the amount is negative, no payment by Seller (or refund by Buyer) shall be required.

• If the monthly Net Metering Credit generated by the Project exceeds the sum total monthly charges of all the Consumption Meters in the group, OWNER will instruct the Utility to allocate all such excess credit (“Excess Generation Credit”) to the CUSTOMERs Consumption Meter(s).

• Each invoice shall state (i) the quantity of Electricity produced by the Facility, (ii) the quantity of actual Net Metering Credits delivered to Buyers' electricity accounts during such billing period, (iii) the Net Metering Credit Price, as specified in Exhibit C and (iv) the total amount due from Buyer, calculated as (ii) the quantity ofactual Net Metering Credits delivered to Buyers' electricity accounts during such billing period multiplied by (iii) the Net Metering Credit P1ice.

• Each Cooperative Member or other purchaser that is allocated such excess Net Energy shall be obligated to pay the Cooperative fifty percent (50%) of the difference, if any, between the amount of the Net Metering Credit associated with such excess Net Energy and the Net Energy Price associated with such excess Net Energy and the Cooperative in turn will remit this amount to the Host Town.

More Definitions of Net Metering Credit

Net Metering Credit means a credit as defined under [insert citation].

Net Metering Credit means the applicable monetary value of an excess kilowatt-hour of electricity, determined in accordance with the Net Metering Rules.

Net Metering Credit means the monetary value of the electrical production from the Project that is allocated to and realized on the CUSTOMER’s Electric Bill as provided by the Utility during the CUSTOMER’S billing period. As used in this Agreement, “monetary value” of electrical production or Net Metering Credit shall mean the monetary value of the bill credits, net savings and reduction in Utility charges as allocated and applied to the CUSTOMER Meter and associated Utility account to which such electrical production or Net Metering Credits are actually allocated.

Net Metering Credit means the credit for the kilowatt hours of electricity generated by the Project a llocated to the designated meters of the Parties pursuant to instructions provided to the Utility which r esults in corresponding xxxx credits and/or other economic benefit or savings being applied by the Utility t o the Electric Bills. monetized value of the difference between the electricity supplied to CUSTOMER b y its electric utility and the electricity fed back by a net metering system during the CUSTOMER'S b xxxxxx period.

Net Metering Credit is the dollar value that the electric company assigns to Your Share of the electricity produced by the array.

Net Metering Credit means the total economic benefit ascribed by the Host Utility associated with the production from the System.

Net Metering Credit means the monetary value of the excess electricity generated by a System, as set forth in the Net Metering Rules.