Guaranteed Energy Savings definition

Guaranteed Energy Savings means the amount of dollar savings, as shown on Schedule D, that XxXxxxx guarantees that the Client will realize in EC Savings from the EC Measures during the Energy Savings Period.
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Guaranteed Energy Savings means the sum of the reduction in consumption of each Energy Source used at the Premises during each Guarantee Year as specified in Schedule 1, or such sum as amended by the ESCO in accordance with Clause 9., for each of the EPC Solutions.
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Guaranteed Energy Savings means the Guaranteed Energy Savings proposed by ESCO in the DFS Report.
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Examples of Guaranteed Energy Savings in a sentence

  • The District will negotiate and execute the Guaranteed Energy Savings Contract with the selected ESCO and all financing documents required by the selected financing source.

  • Guaranteed Energy Savings Act: 62 Pa. C.S. §§ 3751-3758, as amended.

  • No Guaranteed Energy Savings Contract shall exceed 20 years in duration from the date of the installation and acceptance of the project, as defined in § 143-64.17B, and must comply with all other applicable statutes, regulations, and procurement laws.

  • Proposals for this RFP shall not exceed the preferred term stated in Paragraph 1.7. The cost savings achieved by the installed ECMs must be sufficient to cover all project costs including maintenance and monitoring fees on an annual basis for the duration of the term of the Guaranteed Energy Savings Performance Contract.

  • The objective of the ISSUER in issuing this RFP is to maximize energy and operational cost savings to pay for upgrades to the facilities listed in Appendix I and services that will be financed through a Guaranteed Energy Savings Performance Contract at no cost to the ISSUER.

  • The successful applicant will be required to enter an Investment Grade Audit Agreement (IGAA) and where the ISSUER elects, enter a Guaranteed Energy Savings Performance Contract (ESA) after the ESCO performs an IGA, the ESCO and ISSUER shall approve the final IGAA and ESA utilizing the latest revisions at that time.

  • Upon final negotiation and acceptance of the scope, cost, and savings, and terms, the Qualified Provider and District shall enter a Guaranteed Energy Savings Contract in accordance with 105 ILCS 5/19b.

  • In no event shall the amount of the Guaranteed Energy Savings, or ESCO’s obligations under the Energy Savings Guarantee, be increased in connection with the completion of the Work by anyone other than ESCO.

  • The District will negotiate and execute the Guaranteed Energy Savings Contract with the selected Qualified Provider.

  • The preferred term of the Guaranteed Energy Savings Contract shall be for a maximum of 15 years from the date of acceptance of the project, as defined in § 143-64.17B.


More Definitions of Guaranteed Energy Savings

Guaranteed Energy Savings means the savings Contractor guarantees as part of this Contract as outlined in Schedule C - Installment Purchase Cash Flow Analysis, as reflected in line 7 and shall include electric energy savings, gas energy savings, operational savings, maintenance savings, water consumption savings, and any other savings for the Project installed by the Contractor.
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Guaranteed Energy Savings means the sum of the reduction in consumption of each energy source used at the premises during each guarantee year as specified in Schedule 1, or such sum as amended by the ESCO in accordance with Clause 8 for each of the EPC Solutions. guaranteed energy cost savings means agreed upon guaranteed energy savings multiplied by the base energy rates as specified in Schedule 4.. guarantee year means any period of one year beginning on the performance guarantee commencement date or on any anniversary of that date during the performance guarantee period. installation period means the period during which the EPC Solutions are installed by the ESCO at the premises. latent conditions are physical conditions on the premises or its near surroundings, including artificial things but excluding weather conditions or physical conditions which are a consequence of weather conditions, which differ materially from the physical conditions which the ESCO anticipated or which should reasonably have been anticipated by a competent ESCO exercising good industry practice at the time of the ESCO’s tender and which would affect the completion of the installation if the ESCO had inspected:
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Guaranteed Energy Savings has the meaning given to it in the draft EPC forming part of the Request for Quotations;
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Guaranteed Energy Savings. The amount of Energy Savings, expressed in kWh and kW of demand, and which is a percentage of Estimated Energy Savings as set forth in Schedule C, guaranteed to be provided on an annual basis by means of a Phase and/or the Project pursuant to this Agreement and as set forth in each Amendment.
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Guaranteed Energy Savings in respect of a Guarantee Year, means the guaranteed Energy Savings for that Guarantee Year as specified in Schedule 15 (Guaranteed Energy Savings).
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Related to Guaranteed Energy Savings

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Energy savings performance contract means a contract under which the rate of payments is based upon energy and operational cost savings and a stipulated maximum energy consumption level over the life of the contract.

  • Guaranteed elements means the premiums, benefits, values, credits or charges under a policy of life insurance that are guaranteed and determined at issue.

  • Nonguaranteed elements means the premiums, credited interest rates (including any bonus), benefits, values, non-interest-based credits, charges or elements of formulas used to determine any of these elements, that are subject to company discretion and are not guaranteed at issue. An element is considered nonguaranteed if any of the underlying nonguaranteed elements are used in its calculation.

  • Guaranteed Pension Plan means any employee pension benefit plan within the meaning of §3(2) of ERISA maintained or contributed to by any Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer Plan.

  • energy storage means, in the electricity system, deferring the final use of electricity to a moment later than when it was generated, or the conversion of electrical energy into a form of energy which can be stored, the storing of such energy, and the subsequent reconversion of such energy into electrical energy or use as another energy carrier;

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • energy performance contracting means a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings;

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Non-Guaranteed Elements means the premiums, credited interest rates (including any bonus), benefits, values, dividends, non-interest based credits, charges or elements of formulas used to determine any of these, that are subject to company discretion and are not guaranteed at issue. An element is considered non-guaranteed if any of the underlying non-guaranteed elements are used in its calculation.

  • energy service means the physical benefit, utility or good derived from a combination of energy with energy-efficient technology or with action, which may include the operations, maintenance and control necessary to deliver the service, which is delivered on the basis of a contract and in normal circumstances has proven to result in verifiable and measurable or estimable energy efficiency improvement or primary energy savings;

  • Energy year or "EY" means the 12-month period from June 1st

  • Renewable energy project means (A) a project

  • Guaranteed loan means the loan in the original principal amount specified in Clause 4 of the Special Conditions made by the Guarantee Holder to the State-Owned Enterprise under the Loan Agreement and denominated in Guarantee Currency or, where the context may require, the amount thereof from time to time outstanding, the proceeds of which shall be applied to the Investment Project.

  • energy poverty means a household’s lack of access to essential energy services that underpin a decent standard of living and health, including adequate warmth, cooling, lighting, and energy to power appliances, in the relevant national context, existing social policy and other relevant policies;

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • government guaranteed bond means a bond of the Government of Canada or a bond unconditionally guaranteed as to principal and interest by the Government of Canada that is:

  • Guaranteed Liabilities means all moneys, obligations and liabilities expressed to be guaranteed by the Guarantor in clause 2.1;

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Renewable Energy Credits means a certificate, credit, allowance, green tag, or other transferable indicia, howsoever entitled, allocated, assigned or otherwise awarded or certified by any Governmental Authority, program administrator, certification board or similar entity in connection with the production or generation of each MWh of energy from the Project. For the avoidance of doubt, “Renewable Energy Credits” shall not include any ITC, State Renewable Energy Incentives or other tax benefits, credits, or incentives.

  • Energy Storage Resource means a resource capable of receiving electric energy from the grid and storing it for later injection to the grid that participates in the PJM Energy, Capacity and/or Ancillary Services markets as a Market Participant.