Societal cost test definition

Societal cost test means a cost-effectiveness test that measures the net economic benefit to the utility service territory, state, or region, as measure by the total resource cost test, plus indirect benefits such as environmental benefits.
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Societal cost test means a cost-effectiveness that measures the costs and benefits of an energy efficiency program from the perspective of all members of society. The costs in this test include the net costs to the program administrator and participants. The benefits include all of the utility system and participant benefits, as well as monetized environmental and nonenergy benefits, including all externalities.
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Societal cost test means the benefit-cost test which evaluates demand side
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Examples of Societal cost test in a sentence

  • Results are typically expressed as either net benefits or a benefit-to-cost ratio.• Societal cost test (SCT).

  • Results are typically expressed as either net benefits or a benefit-to-cost ratio.• Societal cost test (SCT).

  • The five cost-effectiveness tests commonly used across the country are listed below: • Participant cost test (PCT).• Program administrator cost test (PACT).2• Ratepayer impact measure test (RIM).• Total resource cost test (TRC).• Societal cost test (SCT).

  • Measures the net direct economic impact to the utility service territory, state, or region.• Societal cost test (SCT).

  • Pg 26.• Participant cost test (PCT)• Societal cost test (SCT)The team estimated cost-effectiveness based on methods described in the California Standard Practice Manual, along with guidance provided in the EmPOWER Energy Efficiency Programs Strategic Evaluation Guidance,17 supplementing this information with data from utility tracking systems, the Mid-Atlantic TRM,18 utility-provided economic parameters, and other sources.


More Definitions of Societal cost test

Societal cost test means an economic test used to compare the present value of the benefits to the present value of the costs over the useful life of an energy efficiency or demand response measure or program from a societal perspective. Present values are calculated using a 12-month average of the 10- year and 30-year Treasury Bond rate as the discount rate. The average is calculated using the most recent 12 months at the time the utility calculates its cost-effectiveness tests for its energy efficiency or demand response plan. Benefits are the sum of the present values of the utility avoided supply; nonenergy benefits; and energy costs, including the effects of externalities. Costs are the sum of the present values of utility program costs (excluding customer incentives), participant costs, and any increased utility supply costs for each year of the useful life of the measure or program. The calculation of utility avoided capacity and energy and increased utility supply costs must use the utility costing periods.
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Related to Societal cost test

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Total resource cost test or "TRC test" means a standard that is met if, for an investment in energy efficiency or demand-response measures, the benefit-cost ratio is greater than one. The benefit-cost ratio is the ratio of the net present value of the total benefits of the program to the net present value of the total costs as calculated over the lifetime of the measures. A total resource cost test compares the sum of avoided electric utility costs, representing the benefits that accrue to the system and the participant in the delivery of those efficiency measures, as well as other quantifiable societal benefits, including avoided natural gas utility costs, to the sum of all incremental costs of end-use measures that are implemented due to the program (including both utility and participant contributions), plus costs to administer, deliver, and evaluate each demand-side program, to quantify the net savings obtained by substituting the demand-side program for supply resources. In calculating avoided costs of power and energy that an electric utility would otherwise have had to acquire, reasonable estimates shall be included of financial costs likely to be imposed by future regulations and legislation on emissions of greenhouse gases.

  • Clean coal technology demonstration project means a project using funds appropriated under the heading “Department of Energy—Clean Coal Technology,” up to a total amount of $2,500,000,000 for commercial demonstration of clean coal technology, or similar projects funded through appropriations for the Environmental Protection Agency. The federal contribution for a qualifying project shall be at least 20 percent of the total cost of the demonstration project.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Support Cost Rate means the flat rate at which the Partner will be reimbursed by UN Women for its Support Costs, as set forth in the Partner Project Document and not exceeding a rate of 8% or the rate set forth in the Donor Specific Conditions, if that is lower. The flat rate is calculated on the eligible Direct Costs.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Quantitative fit test or "QNFT" means an assessment of the adequacy of respirator fit by numerically measuring the amount of leakage into the respirator.

  • aerodrome means a defined area on land or water (including any buildings, installations and equipment) intended to be used either wholly or in part for the arrival, departure and surface movement of aircraft;

  • Fully Loaded Cost means the direct cost of good or service plus all applicable indirect charges and overheads.

  • Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.

  • Additional Cost has the meaning assigned to such term in Section 3.01.

  • Sustainability Risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment;

  • Comprehensive resource analysis means an analysis including,

  • Stranded cost means the amount by which the net cost of an

  • Fit test means the use of a protocol to qualitatively or quantitatively evaluate the fit of a respirator on an individual.