Annual Savings definition

Annual Savings means the peak demand or energy savings that occur in a given year (includes resource savings from new program activity and resource savings persisting from previous years).
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Annual Savings means the Measurable Savings that occur in any single Annual Savings period of the Guarantee Term, plus the Stipulated Savings deemed achieved for that annual period. Each Annual Savings period of the Guarantee Term shall commence each year on the first calendar day of the calendar month following the last Date of Substantial Completion.
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Annual Savings. The total annual savings associated with implementation of this Project. This is the savings figure that will be used for comparison to the Guaranteed Savings as part of the Guarantee Reconciliation. Energy Savings: The total Energy Savings associated with reduction in energy consumption as a result of implementation of this Project. Operating Cost Savings: Operating Cost Savings can result from avoided expenditures for operations, maintenance, equipment repair, or equipment replacement and/or capital funds for projects that, because of the Project, will not be necessary. Sources of Operating Cost savings may include: i) avoided current or planned capital expense, ii) avoided O&M and/or equipment repair and replacement expense, and, iii) avoided renovation, renewal, or repair costs as a result of the Project. ENERGY SAVINGS Summary of Annual Savings ECM Electricity Savings (kWh) Electricity Savings ($) Demand Savings Demand Savings ($) Natural Gas Savings (therms) Natural Gas Savings ($) Water Savings (kGal) Water Savings ($) Total Savings ($) ECM 1: LED Lighting Upgrades 1,757,163 $130,520 3,697 $33,730 0 $0 0 $0 $164,250 ECM 2: LED Street Lights 780,787 $43,359 0 $0 0 $0 0 $0 $43,359 ECM 3: Water Conservation 3,160 $301 0 $0 472 $282 515 $4,797 $5,380 ECM 4: Building Envelope 14,365 $856 0 $0 28,544 $17,852 0 $0 $18,708 ECM 5: Mechanical Insulation 0 $0 0 $0 4,684 $2,327 0 $0 $2,327 ECM 6: Controls 186,044 $10,584 0 $0 216 $122 0 $0 $10,707 ECM 7: WWTP Blowers 1,237,336 $90,145 197 $1,412 0 $0 0 $0 $91,557 ECM 8: Boiler Replacement 0 $0 0 $0 4,098 $2,322 0 $0 $2,322 TOTALS 3,978,856 $275,765 5,040 $35,142 38,014 $22,906 515 $4,797 $338,611 The following details the savings calculations associated with each Energy Conservation Measure (ECM) included in Attachment B.
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Examples of Annual Savings in a sentence

  • Notwithstanding anything to the contrary contained herein, all ECM(s) must be maintained in proper working condition in all cases where the performance of said ECM(s) affects or could affect the ability to achieve, measure or verify the Annual Savings Guarantee.

  • ESCO reserves the right to adjust the amount of Performance Guarantee associated with the Failed ECM for the duration of the failure in the Annual Savings Guarantee.


More Definitions of Annual Savings

Annual Savings means the achieved Financial Savings as calculated in the approved M&V report for a specific Accounting Period during the Guarantee Period.
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Annual Savings means the difference between (i) the Base Amount and (ii) the sum of (x) the aggregate amount due from Franklin to KEP for data conversion services, including data conversion Quality Assurance services, rendered in a Calendar Year, (y) Franklin’s personnel costs (salaries plus fringe benefits) for data services in such Calendar Year, which amount shall not include personnel costs of Franklin’s Quality Assurance Department, and (z) any other out of pocket costs relating to data services expended by Franklin in such Calendar Year, such as, but without limitation, any third party consulting fees or travel expenses.
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Annual Savings is defined as the amount of Energy and Operational Cost Savings achieved during a given Guarantee Year.
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Related to Annual Savings

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Matching Contribution means an Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Employee Elective Deferral, under a plan maintained by the Employer.

  • Tax Savings means the difference between the dollar amount of real property taxes levied in any year on land valued and assessed in accordance with its current agricultural use value and the dollar amount of real property taxes that would have been levied upon such land if it had been valued and assessed for such year in accordance with Section 2 of Article XII, Ohio Constitution.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Annual Salary means the salary given under this Part.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Basic Compensation means Salary and Benefits.

  • Matching Contributions means local cash and/or in-kind contributions made by the Contractor, a subcontractor, or other local resources that qualify as match for the Contract funding.

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.