The Net Metering Credit Agreement is a crucial document in India's renewable energy framework, designed to facilitate the integration of distributed solar generation into the existing power grid. This agreement becomes necessary when any entity - whether residential, commercial, or industrial - installs solar panels and wishes to participate in the net metering program. The document addresses key aspects such as energy measurement, billing adjustments, technical standards for grid connection, and operational procedures, all while ensuring compliance with the Electricity Act, 2003, and relevant state regulations. The agreement typically remains valid for 20-25 years, aligning with the typical lifespan of solar installations, and provides clarity on roles, responsibilities, and financial arrangements between the distribution utility and the solar power generator.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the utility company and the consumer/generator, including their legal status and contact details
2. Background: Context of the agreement, including the consumer's solar installation plans and the utility's net metering program
3. Definitions: Definitions of technical terms, regulatory references, and other key concepts used in the agreement
4. Term and Effectiveness: Duration of the agreement and conditions for its commencement
5. Net Metering Arrangements: Core provisions regarding the measurement, calculation, and crediting of excess generation
6. Technical Requirements: Specifications for metering equipment, interconnection standards, and maintenance requirements
7. Billing and Credits: Procedures for calculating bills, applying credits, and handling excess generation
8. Rights and Obligations: Detailed responsibilities of both parties regarding operation, maintenance, and compliance
9. Safety and Emergency Procedures: Protocols for emergency situations and safety requirements
10. Access and Inspection: Provisions for utility access to inspect and maintain equipment
11. Default and Remedies: Events of default and corresponding remedies available to parties
12. Termination: Conditions and procedures for agreement termination
13. Dispute Resolution: Procedures for resolving disputes between parties
14. Governing Law: Specification of applicable laws and jurisdiction
1. Force Majeure: Optional section defining force majeure events and their consequences, particularly relevant in areas with frequent natural disasters
2. Assignment: Rules for transferring rights under the agreement, important if property sale is anticipated
3. Insurance: Insurance requirements, optional if covered by other property insurance arrangements
4. Confidentiality: Provisions for protecting sensitive information, important for commercial installations
5. Environmental Attributes: Treatment of renewable energy certificates and other environmental credits, relevant for larger installations
6. System Upgrades: Provisions for future modifications to the solar installation, important for expandable systems
1. Technical Specifications: Detailed specifications of the solar installation and metering equipment
2. Site Details: Location and characteristics of the installation site
3. Interconnection Requirements: Technical standards and procedures for grid connection
4. Billing Methodology: Detailed explanation of credit calculation and billing procedures
5. Testing and Commissioning Procedures: Requirements and procedures for system commissioning
6. Maintenance Schedule: Prescribed maintenance requirements and schedules
7. Emergency Contact Information: List of emergency contacts and procedures
8. Applicable Regulatory Requirements: Reference to relevant regulations and compliance requirements
Find the exact document you need
Ipp Power Purchase Agreement
An Indian law-governed agreement between an Independent Power Producer and power purchaser for the sale and purchase of electricity, complying with Indian electricity regulations.
Download
Rooftop Solar Power Purchase Agreement
An Indian law-governed agreement for rooftop solar power generation and sale between a Solar Power Producer and a Power Purchaser.
Download
Virtual Power Purchase Agreement
Template for Virtual Power Purchase Agreement under Indian law, establishing financial settlement between renewable energy generator and corporate buyer.
Download
Flexible Power Purchase Agreement
An Indian law-governed agreement for flexible power purchase arrangements, incorporating variable supply terms and trading options under CERC regulations.
Download
Net Metering Credit Agreement
An Indian jurisdiction agreement governing the arrangement between a power distribution company and a solar power generator for measuring and crediting excess electricity fed into the grid.
Download
Third Party Solar Power Purchase Agreement
An Indian law-governed agreement for the sale and purchase of solar power between a developer and commercial/industrial consumer, including technical, operational, and regulatory requirements.
Download
PPA Agreement Solar
An Indian-law governed agreement for the long-term sale and purchase of solar power, detailing terms, conditions, and regulatory compliance requirements.
Download
Direct Power Purchase Agreement
A legally binding agreement under Indian law for direct electricity purchase between a power generator and consumer, governed by the Electricity Act, 2003.
Download
Power Purchase Contract
An Indian law-governed agreement for the sale and purchase of electrical power, establishing technical, commercial, and operational terms between power generators and buyers.
Download
Physical Power Purchase Agreement
Template for Physical Power Purchase Agreement under Indian law, governing power sale and purchase arrangements between generators and buyers.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it