R2021-108 Resolution Authorizing the Execution of an Agreement for the Electricity Supply for the City of Decatur Electric Accounts

Home Browse Search

ti oThe r certified by the same or different verification authorities or certification authorities that originally recognized the RFC Parties agree and understand a REC Is separate ham the Retail Power being debated but,nonetheless,constitute' value associated with the Provision of Retail Power.At the request of Customer,Supplier will provide related information Pertaining to the REC,including the identity of the renewable energy resource,the date of creation and retirement of the REC,and the Identity of the renewable the fi billingenergy facility delivery of additional voluntary renewable energy shall begin in cycle first follerws the Energy Certificates that will execution of this Agreement,Supplier shall retire a sufficient number of Renewable correspond to the Total Renewable Energy Commitment, as a portion of the Retail Pourer delivered In a given trilling eycle9 Retail Power shall be associated with the generation of elect ricity from a enewable energy resource such that the Percentage required,when added to Customer's obligation under the RPS of this rA;greem�ent,shall equal the Voluntary Renewable Ckuantity(%)selected In Table 1,Retail Power shall be associated with the generation of electricity from a renewable energy source such that the percentage required,when added to Customer's obligation under the RPS of this Agreement,shall equal the Voluntary Renewable quantity 1%)selected in Table 1, urce Shall be selected by Supplier from any ce be emended periodically. ed for In 20 ILLS 687/"Q,which my Percent Product will provide Custtxnor , w ` ity 100%% Is e In T" 1,then upon Customer's er ith request,a written price quote for Customer's uncomload. a made er In increments of Customer's annual load pro ee 100%. file,up to the full uncommitted portion ofcustomees anrlualrload not to exceed If customer wishes to accept a quote,then Supplier will issue a Confirmation Letter setting forth the price; duration and the portion of Customer's hourly load(excluding the Initial volume or load set forth in this Agreementto which the Confirmation Letter will be applicable.Customer may elect to accept any such Confirmation Letter for to midnight on the day It Is issuer f by signing and returning said written confirmation.Upon written acceptance by Customer and Supplier,the confirmation Letter wilt then be incorporated as part of this meat.in the event Customer fails to confirm 1 of raid elections prior to the Rist delivery of electricity under this Agreement,any uncommitted load shall be priced as Index Energy,as described above.Customees resultant Percent Energy Price for the Term shall then be calculated as the weighted average of all Percent Energy Prices confirmed prior to delivery and billed as first through the meter,Then subsequent intra-term elections shall be billed as second through the meter. SUPPLIER DOES NOT GUARANTEE THE RESULTANTWEIGHTEDAVERAGE PERCENT ENERGY PRICE WILL RE EQUAL To OR LESS THAN THE ENERGY PRICE FOR 100% OF THE LOAD THAT SUPPLIER MAY HAVE OFFERED TO THE CUSTOMER AT THE TIME OF EXECUTION OF THIS AGREEMENT, CUSTOMER AGREES AND ACKNOWLEDGES THE VOLATILITY IN THE RETAIL ELECTRICITYMARKET AND ACCEPTS THE RISK OF THE HIGHER RESULTANT WEIGHTED AVERAGE PERCENT ENERGY PRICE.ALL METERS ASSOCIATED WITH THE ACCOUNT(S) MUST BE HOURLY INTERVAL DATA RECORDING;METERS. THE MONTHLY INVOICE WILL BE A SUMMARY INVOICE FOR THE AGGREGATED HOURLY INTERVAL LOAD Qi ALL METERS ON THE ACCOUNT(S), IN ADDITION TO THE AGGREGATED SUMMARY INVOICE, INDIVIDUAL ACCOUNT USAGE DETAIL WILL BE INCLUDED AND AN INTERVAL FILE IN COMMA SEPARATED VALUES("CSV*) FORMAT WILL LIKEWISE BE MADE AVAILABLE. THE PRICING OPTION WILL NOT INCLUDE CHARGES BY ACCOUNT. 00 Metering,0'stomitir must enroll,and be acoepted fn,as applicable by state law,Utility's net metering program in order to participate to net metering with Supplier. aThe validity,'interpretation and performance of this Agreement shall be governed by and performed in accordance with the laws of the State of Illinois,together with administrative and Judicial decisions construing'applicable Provisions of the Illinois retail choice lav-,220 ILCS 5/16-101 et at,and without regard to principles of conflicts of law, This offer Is contingent on acceptance by the Utiflty of the enrollment of Customer with Supplier.By signing below,you that 1)you are authorized on behalf of atstomer to enter into thisAgreement with Supplier,2}Customer has read tthe Terms A Conditions of this Agreement and agrees to be Round by them,and 3)Customer authorizes Supplier to enroll the Actount(s)fitted in Table 2 with tate Utlf y which will olfow Supplier to retail electricity; t I i i i l Standard Hybrid Pae 3 of 1s Yb E Confidential Document<5ee sec,8 CMTM29 Standard Hybrid Contract,?Term Version:07.21,2021 i