Compliance with applicable rules, regulations, policies, and terms of this rate schedule is a condition precedent to purchases hereunder. The Member shall use the output of the qualifying facility first to meet the requirements of Member’s electric consuming facilities located on the Premises on an hourly basis. Any output of the qualifying facility in excess of the requirements of Member’s electric consuming facilities on an hourly basis shall be transferred to the Cooperative and credited on a kWh basis against the Member’s monthly bill for electric service hereunder in the same month in which the kWh billing credit is generated.
Member shall only be entitled to receive a kWh billing credit for any such output of the qualifying facility in excess of the requirements of the Member’s facilities on an hourly basis; provided, however that, in the event the Cooperative has not elected to cease providing net metering, and Member generates hourly net metering kWh billing credits in any month in excess of Member’s kWh usage for such monthly billing period, (a) the Cooperative will inform Buckeye of the existence of such excess monthly kWh billing credits; (b) Buckeye will purchase such excess kWh monthly billing credits at Buckeye’s avoided cost rate, as determined by Buckeye in its sole discretion, and credit Power Company’s wholesale power bill for such dollar amount; (c) the Cooperative shall credit Member’s monthly bill with the dollar amount of the corresponding monthly billing credit paid by Buckeye to the Cooperative; and in the event that at the end of the annual period ending May 31 of each year the aggregate dollar amount of the monthly billing credits for such year exceeds the aggregate dollar amount of the Cooperative’s charges to the Member for such year, the Cooperative shall issue a check to the Member for such excess dollar amount.