Guaranteed Savings definition

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 OpTerra Energy Services for changes in Energy Rate Factors, Energy Use Factors and consequential revisions to the relevant Baseline: “IPMVP” means the International Performance Measurement and Verification Protocol prepared by Efficiency Valuation Organization.

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

Examples of Guaranteed Savings in a sentence

• The first year amount of Savings for Energy Costs is the sum of the below listed ECMs. Actual Savings may be lower than as set forth in the Schedule of Guaranteed Savings because of an absolute increase in Energy use due to the implementation of measures to increase environmental comfort as directed by the Customer, and other baseline adjustments (see Section D.2).

• B.1.1 Scope – Honeywell will implement the guarantee analysis services outlined in Section B.1.3 (the “M&V Services”) for the following ECMs. The M&V Services are to be performed consistent with the terms of the guarantee set forth in Part C, and the Schedule of Guaranteed Savings and related provisions set forth in Part D, in each case of this Attachment D.

• It is understood that said rebates and/or refunds are not included in the Guaranteed Savings.

• Guaranteed Savings will be determined in accordance with the methodology(s), operating parameters, formulas, and constants as described in this Attachment D and the exhibits, using the M&V Services as defined herein, and/or additional methodologies defined by Honeywell that may be negotiated with Customer at any time.

• During the term of this Support Services Agreement, for all equipment affecting the Guaranteed Savings, the Customer shall perform on-going maintenance and accomplish component replacement and equipment repairs in accordance with manufacturer’s standards and practices and take all reasonable measures to insure the equipment is operating at full efficiency.

More Definitions of Guaranteed Savings

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

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.