Summary of M&V Methodologies for the Project Sample Clauses

Summary of M&V Methodologies for the Project. Guarantee Year 1 project benefits will be calculated using NEMVP Option-C methodology for thermal and Option A & B for all electric ECMs. Table 2.2.1 shows the M&V Option that will be applied to each ECM during Guarantee Year 1, except as otherwise stated below relative to Option C. • Construction period project benefits and guarantee Year 2-18 project benefits will be calculated using NEMVP Option A/B methodology as shown in Table 2.2.2 shows the M&V details, except as otherwise stated below relative to Option C. For avoidance of doubt, the construction period projects benefits inure to the benefit of the Customer and are not included in the Guaranteed Savings. • In the event of a shortfall during Year 1, the Option C M&V for thermal measures (as detailed in Schedule 2 Section 2) will be extended into Year 2. The foregoing shall apply in subsequent years until the Guaranteed Savings is achieved under Option C for thermal measures. After guaranteed savings are achieved and verified using Option C methodology for thermal measures, all future guarantee reconciliations will be done using Option A and Option B M&V methodology (as detailed in Schedule 2 Exhibit 2).