Energy Savings Clause Samples
The Energy Savings clause defines the obligations and expectations regarding the reduction of energy consumption within a project or facility. Typically, it outlines specific targets or benchmarks for energy use, and may require the implementation of certain technologies or operational practices to achieve these savings. This clause serves to ensure that both parties are aligned on energy efficiency goals, helping to lower operational costs and support environmental sustainability objectives.
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Energy Savings. Consultant represents that the energy awareness and education program to be implemented by Consultant will achieve, through the efforts of students and GCS employees, annual reductions in the utility expenditures of the GCS of ten percent per year after the original six month implementation period. The energy expenditures for the 2002-03, 2003-04, and 2004- 05 fiscal years will be compared to that of the July 1, 2000 through June 30, 2001 [Contract Baseline Period] (as adjusted by the Metrix program) fiscal year to determine whether the goal has been met. The first portion of the Program will consist of a start up phase of approximately six months ending on December 31, 2002. The first performance period (First Performance Period) will be January 1, 2003 through June 30, 2003. The second performance period (Second Performance Period) will be July 1, 2003 through June 30, 2004 and the third performance period (Third Performance Period) shall be from July 1, 2004 to June 30, 2005. Excess savings in any year may be utilized for subsequent year savings, and energy savings short falls in any year may be over come in subsequent years.
Energy Savings. 5.2.1 The IC is expected to achieve the monthly and annual MWh goals for the IC Geographic Area that are set forth in Exhibit F (the “Energy Savings Metric”).
5.2.2 If the IC fails to meet any monthly or annual goals for energy savings (measured on a cumulative basis), as set forth in Exhibit F, then (i) the unachieved amount of Energy Savings for that month or year will be added, on a pro rata basis, to the remaining months of the year or to the next succeeding year, as applicable, and (ii) the Company will record appropriate Action Lines in its contract oversight system.
5.2.3 With the exception of the first quarter after the Effective Date, failure to achieve at least 85% of the cumulative Energy Savings Metric for two consecutive quarters shall constitute a Performance Metric Default under the Agreement and may result in a reassignment of the Work to another contractor of Company’s choosing and/or the exercise of other rights or remedies by the Company under the Agreement. Measurement of this metric will be monitored on a monthly basis.
Energy Savings. The first year amount of Savings for Energy Costs is the sum of the below listed ECMs. Actual Savings may be lower than as set forth in the Schedule of Guaranteed Savings because of an absolute increase in Energy use due to the implementation of measures to increase environmental comfort as directed by the Customer, and other baseline adjustments (see Section D.2). The Guaranteed Savings are less than the projected Savings, represented in Exhibit D-5. Cost Avoidance is based on the Customer Guarantee Practices set forth in Section C.4. Att A No. [a] ECM Description Electric Year 1 Nat Gas Year 1 Propane Year 1 Fuel Oil Year 1 Water Year 1 Total Year 1 1 LED Lighting and Lighting Controls Upgrade $43,541 ($896) $0 $0 $0 $42,646 2 Boiler Plant Upgrade $0 $1,659 $0 $7,541 $0 $9,200 3 Air Handling Unit Refurbishment $0 $349 $0 $0 $0 $349 4 Install Walk-In Freezer/Coolers Controllers $9,925 $0 $0 $0 $0 $9,925 5 Building Management System Upgrades $11,827 $56,535 $0 $2,237 $0 $70,599 6 Ventilation Upgrades $0 $4,379 $0 $0 $0 $4,379 7 Building Envelope Improvements $2,741 $8,301 $0 $1,533 $0 $12,575 8 Pipe Insulation $0 $12,261 $0 $972 $0 $13,233 9 Steam Trap Replacement $0 $5,083 $0 $1,417 $0 $6,500 Att A No. [a] ECM Description Electric Year 1 Nat Gas Year 1 Propane Year 1 Fuel Oil Year 1 Water Year 1 Total Year 1 10 Desktop Computer Power Management $39,021 $0 $0 $0 $0 $39,021 11 Install Solar PV Systems $185,751 $0 $0 $0 $0 $185,751 Totals $292,807 $87,671 $0 $13,699 $0 $394,177 [a] Att A: Attachment A – Scope of Work. Customer agrees that the baseline for the unit cost of Energy will be adjusted each year of the Guarantee Term. This annually adjusted value of Energy unit cost is stipulated as the new baseline in each succeeding year. Customer agrees that Baseline adjustment is stipulated to be an escalation of 2% per year for the unit cost of electric utilities, 2% per year for gas utilities, used in the determination of Cost Avoidance each year.
Energy Savings. The first year amount of Savings for Energy Costs is the sum of the below listed ECMs. Actual Savings may be lower than as set forth in the Schedule of Guaranteed Savings because of an absolute increase in Energy use due to the implementation of measures to increase environmental comfort as directed by the Customer, and other baseline adjustments (see Section D.2). The Guaranteed Savings are less than the projected Savings, represented in Exhibit D-5. Cost Avoidance is based on the Customer Guarantee Practices set forth in Section C.4. 1 LED Lighting and Lighting Controls Upgrade $64,069 $(1,171) $(141) $(1,442) $- $61,316 2 Install Boiler Burner Controllers $- $2,815 $- $- $- $2,815 3 Install Kitchen Hood Controllers $51 $952 $- $- $- $1,003 4 Building Management System Upgrades $2,097 $30,164 $2,171 $20,890 $- $55,323 5 Building Envelope Improvements $57 $3,521 $1,131 $3,250 $- $7,958 6 Install Pipe Insulation $- $6,496 $- $2,111 $- $8,607 7 Steam Trap Replacement $- $3,266 $- $8,171 $- $11,438 8 Install Solar PV Systems $28,973 $- $- $- $- $28,973 Totals $95,248 $46,044 $3,161 $32,980 $- $177,433 [a] Att A: Attachment A – Scope of Work. Customer agrees that the baseline for the unit cost of Energy will be adjusted each year of the Guarantee Term. This annually adjusted value of Energy unit cost is stipulated as the new baseline in each succeeding year. Customer agrees that Baseline adjustment is stipulated to be an escalation of 2% per year for the unit cost of electric utilities, 2% per year for gas utilities, used in the determination of Cost Avoidance each year.
Energy Savings. Other than the energy savings realized by Customer, Customer agrees that National Grid has the unilateral right to apply for any credits or payments resulting from the Pilot Program or Equipment, or have the Customer apply and transfer payments to National Grid. Such credits and payments include but are not limited to (a) Electric Utility Equipment Rebates or Incentives and (b) environmental credits. Customer further agrees that Customer will not file for such payments or credits either directly or indirectly and will not consent to any other third party’s right to such payments or credits.
Energy Savings. Design documents shall include all energy saving calculations and deliverables necessary for District for submission to PG&E, DSA, the State Office of Energy Assessments, and any other Authority Having Jurisdiction, for energy savings rebates and unconventional energy rebates (PG&E’s Savings by Design) and any additional information required. Architect shall monitor construction for compliance with such rebate requirements and report to District any problems encountered or anticipated.
Energy Savings. In connection with Tenant’s installation of solar or other energy efficient improvements to the Premises in accordance with Exhibit A, Tenant shall be solely entitled to any cost savings, including tax credits or other incentives, benefiting the Premises.
Energy Savings. The Energy Savings are a performance specification for this Contract. As such, CONTRACTOR represents to CUSTOMER the following:
a. New Equipment/Systems provided in the Design meet or exceed the published catalog ratings.
b. The Design allows each ECM to meet or exceed the associated Energy Savings shown in Schedule D: ENERGY SAVINGS.
Energy Savings a. CONTRACTOR shall calculate the Energy Savings during the performance of Design Services in accordance with PART B – DESIGN and Schedule A-6: Energy Savings.
b. The Energy Savings are a performance specification for this Contract. As such, CONTRACTOR represents to DCAMM the following:
(i) CONTRACTOR represents that the New Equipment/Systems provided in the Design will meet or exceed the published catalog ratings.
(ii) CONTRACTOR represent that the Design will allow each New Equipment/System to meet or exceed the associated Energy Savings developed in accordance with Schedule A-6: Energy Savings.
c. If Installation Services are authorized in accordance with the Contract, all Installation Services shall be conducted to ensure that the Energy Savings are achieved.
Energy Savings. The annual guarantee of energy cost avoidance is the sum of the below listed ECMs. The savings are based on the listed Energy and operational Cost Avoidance Guarantee Practices contained in Section 1.3 herein.