Guaranteed Savings definition

Guaranteed Savings means, for a given Contract Year, the Price for the Contract Year specified in Section 4.1 times the sum of the Guaranteed Demand Reductions for each month of the Contract Year specified in Section 4.3.

Guaranteed Savings means a program in which a company guarantees a user a predetermined reduction in energy costs. The company guarantees that energy costs plus all costs of the energy conservation measures or services pro- vided will be less than the user's normal energy costs.

Guaranteed Savings means, for any Measurement Period, the dollar amount set forth below for such Measurement Period, as the same may be adjusted from time to time by Chevron Energy Solutions for changes in Energy Rate Factors, Energy Use Factors and consequential revisions to the relevant Baseline: Measurement Period Guaranteed Savings 1 $359,131 2 $376,420 3 $394,544 4 $413,543 5 $433,459 6 $454,337 7 $476,224 8 $499,167 9 $523,219 10 $548,433 11 $574,865 12 $602,574 13 $631,623 14 $662,076 15 $694,001 16 $727,469 17 $762,556 18 $799,339 “IPMVP” means the International Performance Measurement and Verification Protocol prepared by Efficiency Valuation Organization.

Examples of Guaranteed Savings in a sentence

• If such sum of (i) calculated EC Savings for any future Measurement Period plus (ii) the Annual M&V Fee for such Measurement Period is less than the Guaranteed Savings for that Measurement Period, then Chevron Energy Solutions will apply Accumulated Savings then outstanding to determine whether there is a Guarantee Shortfall for that Measurement Period.

• In the event an unforeseeable overshadowing or shading condition not caused by Chevron Energy Solutions or its subcontractors exists and continues for five (5) Business Days or more, Manhattan Beach USD agrees that the Guaranteed Savings for such Generating Facility will be reduced based upon such shading condition, and Chevron Energy Solutions may present Manhattan Beach USD with a proposed reduction to the Guaranteed Savings reflecting such overshadowing, shading or other interference.

• Accumulated Savings will be increased, for any Measurement Period, by the amount of Excess Savings during such Measurement Period, and will be decreased, for any Measurement Period, by the difference, to the extent positive, between (i) the Guaranteed Savings for such Measurement Period minus (ii) the EC Savings for such Measurement Period.

• If a change in any Energy Rate Factor or Energy Use Factor results in a reduction of EC Savings, then the Guaranteed Savings for the corresponding Measurement Period(s) will be decreased by the same amount.

• After applying such Average Energy Unit Savings for each subsequent Measurement Period and calculating the resulting EC Savings, if the sum of (i) such calculated EC Savings for any future Measurement Period plus (ii) the Annual M&V Fee for such Measurement Period is greater than the Guaranteed Savings for that Measurement Period, then such excess will be Excess Savings and the Savings Guarantee will have been met for that Measurement Period.

More Definitions of Guaranteed Savings

Guaranteed Savings means the realized savings by the subscriber as the difference between the cost of a subscription to a community solar facility and the bill credit received for the generation attributed to the subscription.

Guaranteed Savings is defined as the total scheduled amount of Cost Avoidance that Honeywell is guaranteeing, as set forth in Section D.1 of Part D.

Guaranteed Savings is defined as the amount of Energy and Operational Cost Savings.

Guaranteed Savings means the amount of Savings that SIEMENS guarantees will be achieved at the Facility during the Performance Guarantee Period. as identified in the Performance Assurance, Exhibit C as subject to the limitation identified in Section 4.8.

Guaranteed Savings means the amount of energy, water or wastewater cost savings, operational cost savings or revenue increases resulting from the Selected ECMs. The Guaranteed Savings may be referenced in this Contract (and the Schedules and Exhibits thereto) on either an annual basis, meaning the Annual Guaranteed Savings for any single year of the Guarantee Period, or on a grand total basis, meaning the Total Guaranteed Savings achieved during the fifteen-year Guarantee Period.

Guaranteed Savings. The savings as provided in Schedule A Baseline Consumption and Guaranteed Savings. Interim Period: The period from contract execution until the Effective Date.

Guaranteed Savings means the level of energy savings, operational cost savings, and revenue enhancements identified in Schedule B of the GESPC.