Define: Surplus Energy

How is Surplus Energy defined in a legal contract?

• Surplus Energy means all net energy created by the [organization]'s system and delivered by the transmitting entity to the electrical system which surpasses the facility's nameplate capacity but is also less than the maximum capacity of the facility. Alternatively, it can refer to the net energy manufactured by the [organization]'s system and delivered by the transmitting entity to the electrical system prior to the operational date and is also less than the maximum capacity of the facility. Seen in 5 SEC filings
• Surplus Energy means net energy produced by the [organization]'s facility, arranged, and delivered by the transmitting entity and accepted by the power provider during the month which exceeds 110% of the monthly net energy amount for the corresponding month specified in [clause]. Or, if the net energy produced by the [organization]'s facility, scheduled and delivered by the transmitting entity and accepted by the power provider during the month is less than 90% of the monthly net energy amount for the corresponding month specified in [clause], then all net energy scheduled and delivered by the transmitting entity to the power provider on the [organization]'s behalf for that given month. It also includes all net energy produced by the [organization]'s facility, scheduled and delivered by the transmitting entity and accepted by the power provider prior to the operational date. Seen in 4 SEC filings
• Surplus Energy means energy that can be interrupted by the power provider at any time and is supplied to the customer, provided the power provider has energy surplus to the requirements of other firm commitments. Seen in 2 SEC filings
• Surplus Energy means any consumer-generated energy which is more than energy consumed by the consumer during each half-hour metering period. Seen in 1 SEC filing

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Surplus Energy means excess energy generated by the [organization]'s system, surpassing a specified capacity or usage.

Relevant Contract Types

• Power Purchase Agreement
• Energy Supply Contract
• Renewable Energy Purchase Agreement

Relevant Circumstances

• Launch of a new power generator
• In cases where an [organization] has significantly improved its energy efficiency

Relevant Sectors

• Energy
• Manufacturing

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Genie Definition 2

• Surplus Energy means energy supplied to the customer, interruptible by the power provider according to their requirements.

Relevant Contract Types

• Energy Service Agreement
• Electricity Supply Agreement

Relevant Circumstances

• When a power provider to control the supply of surplus energy to a customer

Relevant Sectors

• Services
• Utility

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Genie Definition 3

• Surplus Energy means consumer-generated energy exceeding the energy consumed during a defined period.

Relevant Contract Types

• Net Metering Agreement
• Power Purchase Agreement
• Solar Energy Production Agreement

Relevant Circumstances

• When a consumer uses green technology like solar panels and generates more energy than they consume

Relevant Sectors

• Renewable Energy
• Technology

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