Net Metering Credit Agreement Template for England and Wales

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Net Metering Credit Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Net Metering Credit Agreement

"I need a Net Metering Credit Agreement for a 500kW solar installation on my commercial property in Manchester, with specific provisions for battery storage integration and quarterly credit settlements starting from March 2025."

Document background

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.

Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Relevant Teams

Relevant Roles

Industries

Electricity Act 1989: Primary legislation governing the electricity sector in England and Wales, establishing the regulatory framework for generation, transmission, distribution and supply of electricity

Energy Act 2004: Key legislation introducing measures for renewable energy development and establishing the framework for renewable energy initiatives

Energy Act 2008: Legislation implementing changes to electricity generation, including provisions for smart metering and renewable energy systems

Energy Act 2013: Updates to energy market reform, including provisions affecting renewable energy generation and grid connections

Climate Change Act 2008: Framework for reducing greenhouse gas emissions, affecting renewable energy policies and implementation

Electricity Connection Standards of Performance Regulations: Regulatory requirements governing the standards for electrical connections and related services

Feed-in Tariffs Order: Regulations governing the feed-in tariff scheme for renewable energy generation

Smart Meters Communication Licence: Regulatory framework for smart meter communications and data handling

Distribution Connection and Use of System Agreement (DCUSA): Multi-party contract between licensed electricity distributors, suppliers and generators

Grid Code: Technical specifications and procedures for connection to and use of the national electricity transmission system

Distribution Code: Technical parameters and procedures for connection to and use of electricity distribution networks

Data Protection Act 2018: Legislation governing the handling of personal data, including meter data management and customer information

Consumer Rights Act 2015: Legislation protecting consumer rights in service agreements, relevant for residential customer contracts

Ofgem Guidelines and Regulations: Regulatory guidance and requirements from the Office of Gas and Electricity Markets

Microgeneration Certification Scheme Requirements: Standards and requirements for small-scale renewable energy installations

Standard Licence Conditions: Mandatory conditions that licensed electricity suppliers must comply with

Balancing and Settlement Code (BSC): Rules for electricity trading arrangements and settlement of imbalances

Engineering Recommendation G83/G59: Technical requirements for connecting small-scale generators to the distribution network

British Standards for Metering: Technical standards and specifications for electricity metering equipment

Smart Metering Equipment Technical Specifications (SMETS): Detailed technical requirements for smart metering systems and their operation

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your Net Metering Credit Agreement

Authors

Alex Denne

Find the exact document you need

Virtual Power Purchase Agreement

Third Party Power Purchase Agreement

Solar Corporate Ppa

Residential Solar Power Purchase Agreement

Renewable Energy Agreement

Power Purchase Agreement Financial Model

Power Purchase Agreement Energy Storage

Energy Storage Ppa

Contract For Differences Ppa

Commercial Solar Power Purchase Agreement

Commercial Power Purchase Agreement

Rec Purchase Agreement

Power Purchase Agreement Wind

Ppa Solar Lease

Prepaid Power Purchase Agreement

Flexible Power Purchase Agreement

Net Metering Credit Agreement

Biomethane Purchase Agreement

Prepaid Solar Power Purchase Agreement

Private Wire Ppa

Corporate Power Purchase Agreement

Third Party Solar Power Purchase Agreement

Ppa Agreement Solar

Direct Power Purchase Agreement

Power Purchase Contract

Physical Power Purchase Agreement

Power Offtake Agreement

Download our whitepaper on the future of AI in Legal

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Draft quality legal agreements or review documents in 3 minutes

Templates

Commercial

Employment

IP

Administration

Finance

R&D

Industries

Legal Services

Manufacturing

Construction

Solutions

Use Cases

Company Types

Comparisons

Business Categories

Teams

Information