Common use of Your Acknowledgment Clause in Contracts

Your Acknowledgment. You acknowledge and agree that, by participating the Demand Response Program, the use and functionality of your Energy Storage Product will differ, compared to a standard battery system not participating in a VPP Platform, for example: (a) you will be provided the opportunity to earn rewards in line with item 2.7 of this Product Schedule; and (b) in order to derive this benefit: (i) you will be giving up control over your Energy Storage Product for the duration of any Demand Response Events, during which, we may operate the Energy Storage Product in any number of ways as described in item 2.2 of this Product Schedule; and (ii) you will be liable for any costs incurred in respect of any electricity imported from the NEM to charge the battery component of the Energy Storage Product during a Demand Response Event.

Appears in 3 contracts

Sources: Demand Response Agreement, Demand Response Agreement, Demand Response Agreement