Savings Report definition
Examples of Savings Report in a sentence
The Project Sponsor/Market Actor must submit a Savings Report (SR) if the Project Sponsor/Market Actor has conducted specific measurement and verification activities associated with the project.
The program manager will notify the service provider when the Savings Report is available in EEPM for signature.The SR is the primary reporting instrument used throughout the program production period, reflecting the final kWh and peak kW savings, the final incentive amount, and serving as an invoice to the program for project incentives.
If such termination occurs on a date other than the last day of a Measurement Period, ENGIE Services U.S. will have no obligation to make a Guarantee Payment or prepare and deliver an Energy Savings Report for such Measurement Period.
Commencing Work • Updates to Measure Details • Installation Notice Customer Certification • Completed Project Documentation • Post-Inspection Review • Savings Report Commencing WorkAfter the FA is approved, the service provider may commence work on the project.
Under the Simplified and Measured Savings approaches, the Savings Report documents the Verified Project Demand and Energy Savings with Supporting Data and Calculations.
With the Simplified M&V option typically requiring only limited and short-term M&V, the Project Sponsor receives 100% of the Incentive Payment within approximately 45 days after the approval of the Savings Report, pursuant to Section 12 below, and incentive invoice has been received by EPE.
EPE will issue the Performance Payment within 45 days of Project Sponsor submitting the Savings Report and invoice.
Savings Report Content • Incentive Approval and ProcessingAfter passing post-inspection review (and post-data review for M&V projects), the service provider must provide a signed Savings Report (SR) with either a wet signature or by selecting the e- signature option in EEPM which will email the form to the appropriate signers for electronic signature.
With the Simplified M&V option that typically requires only limited and short-term M&V, the Project Sponsor also receives 100% of the incentive payment within 45 days after submitting a Savings Report and invoice, subject to Xcel Energy’s post-installation inspection results.
The executed Standard Contract obligates Xcel Energy to:• Review the Sponsor’s Installation Report and Savings Report.• Make 40% of the contracted incentive payment after approval of the Installation Report.• Make the remainder of the incentive payment after approval of the Savings Report.