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SCHEDULE 1- AVERAGE RETAIL UTILITY ENERGY RATE <br />Average Retail Utility Energy Rate: Available to any Qualifying Facility of less than 40 kW <br />capacity that does not select either Roll Over Credits, Simultaneous Purchase and Sale Billing or <br />Time of Day rates. <br />Utility shall bill Qualifying Facilities for any excess of energy supplied by Utility above energy <br />supplied by the Qualifying Facility during each billing period according to Utility's applicable <br />rate schedule. Utility shall pay the customer for the energy generated by the Qualifying Facility <br />that exceeds that supplied by Utility during a billing period at the "average retail utility energy <br />rate." "Average retail utility energy rate" means, for any class of utility customer, the quotient <br />of the total annual class revenue from sales of electricity minus the annual revenue resulting <br />from fixed charges, divided by the annual class kilowatt-hour sales. Data from the most recent <br />12-month period available shall be used in the computation. <br />"Average retail utility energy rates" are as follows: <br />Customer Class <br />2023 Average Retail Utility <br />Energy Rate <br />Residential <br />$0.1346 /kWh <br />Commercial Non -Demand <br />$0.1220 /kWh <br />Commercial Demand <br />$0.0776 /kWh <br />Large Industrial Demand <br />$0.0771 /kWh <br />