Measured Demand Savings definition

Measured Demand Savings means the Demand Savings derived from the Measures installed at the Project Site as determined in accordance with the Measurement and Verification Plan found in the Final Application, set forth in Exhibit B, and as documented in the electronic project details approved by Xcel Energy.

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Measured Demand Savings means the maximum average load reduction occurring during the peak period as defined in of Volume 1 of the Texas Technical Reference Manual (TRM).

Measured Demand Savings. The maximum average load reduction occurring during any one-hour period between 1 PM and 7 PM MDT weekdays, from May 1 through September 30 (holidays excluded), as determined in accordance with the Measurement and Verification Plan set forth in Exhibit D of this Agreement.

Examples of Measured Demand Savings in a sentence

The total incentive payments due to the Project Sponsor will be calculated by multiplying the Measured Demand Savings and Measured Energy Savings by the applicable incentive prices associated with the Measures installed at the Project Site (the “Incentive Rates”).
The Performance Payment will be the remaining amount of the total incentive payment due based upon the Measured Demand Savings and Measured Energy Savings.
VII.1 Xcel Energy agrees to make incentive payments to the Project Sponsor based upon the Measured Demand Savings and Measured Energy Savings derived from the Project.
VI.2 Within thirty (30) days of the conclusion of the Performance Period, the Project Sponsor shall submit the project details and documentation electronically for review and approval to Xcel Energy documenting the Measured Demand Savings and Measured Energy Savings for the Performance Period.
Under no circumstances shall the Incentive Payment exceed the Estimated Payment Amount included in the Final Application, regardless of Measured Demand Savings and Measured Energy Savings.
VII.5 Under no circumstances shall Xcel Energy pay incentives for Measured Energy Savings that exceed 5,256 kWh for every 1 kW of Measured Demand Savings achieved, corresponding to a Large Commercial Project maximum load factor of 60% or pay incentives for Measured Energy Savings that exceed 3,942 kWh for every 1 kW of Measured Demand Savings achieved.
The total incentive payment for this Project shall not exceed $ based upon a Demand Savings of kW and a total Annual Energy Savings of kWh. No more than sixty-five percent (65%) of the Measured Demand Savings and Measured Energy Savings for the Project may be derived from lighting measures.
No more than sixty-five percent (65%) of the Measured Demand Savings and Measured Energy Savings for the Project may be derived from lighting measures.
VII.5 Under no circumstances shall Xcel Energy pay incentives for Measured Energy Savings that exceed 5,256 kWh for every 1 kW of Measured Demand Savings achieved, corresponding to a Large Commercial Project maximum load factor of 60% or pay incentives for Measured Energy Savings that exceed 3,942 kWh for every 1 kW of Measured Demand Savings achieved, corresponding to a Small Commercial Project maximum load factor of 45%.
Regardless of the actual Measured Demand Savings and Energy Savings for the Project, the total Incentive Payment for the Project shall be no more than the estimated Incentive Payment amount stated in Project Sponsor's Project Application approved by EPE.

More Definitions of Measured Demand Savings

Measured Demand Savings means the maximum average load reduction occurring during any one- hour period between 1:00 PM and 7:00 PM MDT weekdays, from May 1 through September 30 (holidays excluded), as determined in accordance with the Measurement and Verification Plan. Measured Energy Savings shall mean the Energy Savings derived during a single year from the Measures installed at the Project Site(s), as determined in accordance with the Measurement and Verification Plan. Performance Payment shall mean the second of two Incentive Payments available to be earned by a Project Sponsor using the Measured Savings approach under the terms of this Agreement. The Performance Payment is based on the one-year Measured Energy Savings documented in EPE’s M&V Guidelines and may be up to 60% of the total estimated Incentive Payment included in this Agreement. Performance Period shall mean the period following the approval of a Project Sponsor’s Installation Report during which measurement and verification are to take place. Demand Savings and Energy Savings measured over this period form the basis of the Performance Payment made to the Project Sponsor at the end of the M&V process. Project Sponsor shall mean the Energy Efficiency Service Provider or Eligible Customer that enters into this Agreement.