Net Metering Credit Value definition

Net Metering Credit Value means, for each kWh of Output allocated to a Customer Meter: (a) the monetary value of any bill credits applied to the Utility bills for such Meter or against the charges in such Utility bill on account of such kWh of Output, plus (b) the monetary value of any other economic benefits realized, credited, allocated, offset or otherwise applied by the Utility to the electricity usage, Utility bills, accounts, charges or fees for such Customer Meter on account of such kWh of Output, including any credits allocated to such Customer Meter in excess of the charges or usage for such Customer Meter during any applicable billing period.
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Net Metering Credit Value means the average value of a kilowatt-hour of electricity over the Contract Year, determined in accordance with the definition of “Renewable Net Metering Credit” in the Net Metering Rules.
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Net Metering Credit Value means the average value of a kilowatt-hour of electricity over the Contract Year, determined in accordance with the definition of “Renewable Net Metering Credit” in the Net Metering Rules.
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Examples of Net Metering Credit Value in a sentence

  • Any changes to the total price you pay for energy that are made in accordance with the EFL and/or the Terms of Service for your electricity service including but not limited to those due to an increase in the fixed charges assessed by the TDU and/or ERCOT or the volumetric charges assessed by the TDU and/or ERCOT will not result in a change in the Net Metering Credit Value for Excess Generation to be credited under the Net Metering Program.

  • The reduction in Net Metering Credit Value will be equal to the decreased amount of fixed and/or volumetric charges from ERCOT and/or TDSPs.

  • The Net Metering Credit Value is set forth on Exhibit 1 to this Addendum and in no instance will your Net Metering credit value exceed this amount.

  • Any changes to the total price you pay for energy that are made in accordance with the EFL and/or the Terms of Service for your electricity service including but not limited to those due to a decrease in the fixed charges assessed by the TDU and/or ERCOT or the volumetric charges assessed by the TDU and/or ERCOT will result in a reduction in the Net Metering Credit Value for Excess Generation to be credited under the Net Metering Program.

  • Service Provider shall conduct an annual audit of System Output upon the anniversary of the Service Commencement Date and shall reconcile the Customer’s billing account to actual Output and Net Metering Credit Value.

  • The Customer shall pay the System Owner a fee for the Services (the “Service Price”) equal to eighty- five percent (85%) of the Net Metering Credit Value attributable to Output from the System that is allocated to the Customer Meters.

  • Net Metering Credits will be credited to you at the Net Metering Credit Value.

  • So long as you are not past due in payment of any monthly invoice, MP2T will credit your account for any Excess Generation delivered by your system to the grid on a per kWh basis ("Net Metering Credit") at the Net Metering Credit Value (as defined herein).

Related to Net Metering Credit Value

  • credit meter means a meter where an account is issued subsequent to the consumption of electricity;

  • Monthly Uptime Percentage means the total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.