Net Metering Credit Agreements are essential documents in the renewable energy sector, particularly in England and Wales, where they facilitate the integration of distributed generation into the power grid. These agreements are typically used when property owners or businesses install renewable energy systems and wish to receive credit for excess power fed back to the grid. The document addresses crucial aspects such as metering specifications, credit calculations, billing procedures, and compliance with UK regulatory requirements. It provides a framework for the relationship between generators and utility companies, ensuring fair compensation for exported electricity while maintaining grid stability and safety standards.
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1. Parties: Identification of the generator and utility company/energy supplier
2. Background: Context of the agreement including facility details and generation capacity
3. Definitions: Key terms used throughout the agreement including technical and regulatory definitions
4. Net Metering Terms: Core provisions regarding credit calculation and application, including billing cycles and credit rollovers
5. Metering Requirements: Technical specifications for metering equipment and compliance with relevant standards
6. Billing and Payment: Process for credit application, payment terms, and reconciliation procedures
7. Term and Termination: Duration of the agreement and circumstances for termination
8. Representations and Warranties: Standard warranties regarding capacity, authority, and compliance with laws
9. Force Majeure: Provisions for unforeseen circumstances affecting performance
10. Governing Law: Specification of English and Welsh law as governing law
1. Assignment Rights: Terms for transferring agreement rights, used when transfer of rights might be anticipated
2. Generation Guarantees: Minimum generation commitments, typically included for larger commercial installations
3. Grid Connection: Specific connection requirements, included for new installations requiring connection
4. Change in Law: Provisions dealing with regulatory changes affecting net metering arrangements
5. Insurance Requirements: Specific insurance obligations, typically included for larger installations
1. Schedule 1 - Technical Specification: Detailed specifications of the generation facility and equipment
2. Schedule 2 - Metering Configuration: Technical details of metering setup and equipment specifications
3. Schedule 3 - Credit Calculation Methodology: Detailed explanation of credit calculation process and examples
4. Schedule 4 - Connection Agreement: Referenced connection terms and technical requirements
5. Schedule 5 - Compliance Requirements: List of applicable regulations and compliance requirements
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