Energy Cost definition
Examples of Energy Cost in a sentence
The M&V service is important due to the role it has in identifying achievement of the Guaranteed Energy Cost Performance, and the Payment Mechanism Deductions associated with non-performance.
Subject to the adjustments provided for in ARTICLE 15 (Material Changes), QESP guarantees that the annual level of Energy Cost Savings shall be in accordance with the measurement and verification of the Energy-Savings Measures as set forth in Schedule C (Savings Measurement and Verification Plan; Post-Retrofit M&V Plan; Annual M&V Reporting Requirements).
Proposed Annual Energy Cost Savings Overview Table ESM Total energy savings (MMBtu/yr) Electric energy savings (kWh/yr) Electric demand savings (kW/yr)* Natural gas savings (MMBtu/yr)** Water savings (gallons/yr) Other energy savings (MMBtu/yr)** Total energy and water cost savings, Year 1 ($/yr) Other energy- related O&M cost savings, Year 1 ($/yr) Total cost savings, Year 1 ($/yr) Total savings Notes MMBtu=106 Btu.
QESP shall not be liable for providing new versions of software or other enhancements if or unless such new versions or enhancements are necessary to achieve the Energy Cost Savings Guarantee.
If the reconciliation reveals a shortfall in annual Energy Cost Savings in any one year during the guarantee period, QESP shall make payment to the Department in the amount of the shortfall no later than days after the Department receives the reconciliation report.