Utility cost test definition

Utility 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 measure or program from the utility revenue requirement perspective. Present values are calculated using the utility’s discount rate. Benefits are the sum of the present values of each year’s utility avoided capacity and energy costs (excluding the externality factor) over the useful life of the measure or program. Costs are the sum of the present values of the utility’s program costs, customer incentives, 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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Utility cost test means a standard that is met for an investment in energy efficiency portfolios if, on a net present value basis, the total avoided supply‑side costs including representative values for electricity or natural gas supply, transmission, distribution, and other associated costs, are greater than the total costs incurred by the program administrator including program costs and incentive costs borne by the administrator.
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Utility cost test means a benefit-cost test where benefits are avoided utility costs resulting from the demand-side management program, and costs are those incurred by the EDU, including incentive costs and excluding any direct customer costs. The utility cost test is also known as the program administrator cost test.
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Examples of Utility cost test in a sentence

  • As used in this rule, (aaa) "Utility cost test" or "revenue requirements test" means a cost-effectiveness test designed to minimize measure the ratio of the benefits (to the utility) to the costs incurred by the utility ( the net present value of a utility's revenue requirements).

  • Measures the impact on utility operating margin and whether rates would have to increase to maintain the current levels of margin if a customer installed energy efficient measures.• Utility cost test (UCT).

  • Utility cost test means the test that compares the avoided utility costs to the sum of all utility incentive payments, plus utility costs to administer, deliver, and evaluate each demand-side program to quantify the net sav- ings obtained by substituting the demand-side program for supply-side resources.

  • Don’t have an artificial ‘cap’ on energy efficiency spending, rather, use cost-effectiveness tests to protect ratepayers  Utility cost test for “resource” value  Societal test for “public interest” determination 7.

  • As used in thisrule, (aaa) "Utility cost test" or "revenue requirements test" means a cost-effectiveness test designed to minimize measure the ratio of the benefits (to the utility) to the costs incurred by the utility ( the net present value of a utility's revenue requirements).

  • Utility cost test means a test that compares the sum of avoid-ed utility costs to the sum of all utility costs.

  • Don’t have an artificial ‘cap’ on energy efficiency spending, rather, use cost-effectiveness tests to protect ratepayers ⮚ Utility cost test for “resource” value ⮚ Societal test for “public interest” determination 7.

  • As used in this rule, (aaa) "Utility cost test" or "revenue requirements test" means a cost-effectiveness test designed to minimize measure the impact onratio of the benefits (to the requirements).(Indiana Utility Regulatory Commission; 170 IAC 4-7-1; filed Aug 31, 1995, 9:00 a.m.: 19 IR16; readopted filed Jul 11, 2001, 4:30 p.m.: 24 IR 4233; readopted filed Apr 24, 2007, 8:21 a.m.: 20070509-IR-170070147RFA) SECTION 3.

  • Measures the impact on utility operating margin and whether rates would have to increase to maintain the current levels of margin if a customer installed energy efficient measures.• Utility cost test (UCT).

  • As used in this rule, (xx) "Utility cost test" or "revenue requirements test" means a cost-effectiveness test designed to minimize measure the impact on the net present value of a utility's revenue requirements.(Indiana Utility Regulatory Commission; 170 IAC 4-7-1; filed Aug 31, 1995, 9:00 a.m.: 19 IR16; readopted filed Jul 11, 2001, 4:30 p.m.: 24 IR 4233; readopted filed Apr 24, 2007, 8:21 a.m.: 20070509-IR-170070147RFA) SECTION 3.


More Definitions of Utility cost test

Utility cost test means a cost-effectiveness screening test that measures cost-effectiveness from the perspective of the Puerto Rico electric system.
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Utility cost test means the benefit-cost test which measures the net costs of a
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Utility cost test means a method of determining the overall economic efficiency of a demand management program from the perspective of the utility
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Related to Utility cost test

  • Utility Costs means utility and home energy costs related to the occupancy of rental property (e.g. electricity, gas, water and sewer, trash removal, and energy costs (such as fuel oil)) that are separately-stated charges. Utility Costs do not include telecommunication services (e.g. telephone, cable, and internet services).

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • Electrical work Concealed and fire resistant wiring of “ISI” Copper Wire, Distribution board with “MCB”. “ISI” mark modular electrical accessories, Landline phone conduit, Cable TV wiring conduit, Separate line for inverter connection, Air-conditioner power point. Painting : Long Lasting and weather resistant acrylic paint to all external walls, All internal walls with white cement based putty finish with OBD. Plumbing & Sanitation : Sanitary ware for toilets, plumbing fixtures, CPVC/UPVC pipe and fitting(ISI make), SWR drainage system. Kitchen: Granite platform, ceramic tiles dado upto 2’ height, Stainless Steel sink in Kitchen, Aquaguard point, Connection for washing machine in wash area.

  • Industrial maintenance coating means a high performance architectural coating, including primers, sealers, undercoaters, intermediate coats, and topcoats formulated for application to substrates, including floors, exposed to one or more of the following extreme environmental conditions listed below and labeled “For industrial use only;” “For professional use only;” “Not for residential use;” or “Not intended for residential use.”

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Energy efficiency improvement means equipment, devices, or materials intended to decrease energy consumption, including, but not limited to, all of the following:

  • Utility vehicle means a motor vehicle that is (i) designed for off-road use, (ii) powered by an

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Utility system means a water system, solid waste

  • Electric utility steam generating unit means any steam electric generating unit that is constructed for the purpose of supplying more than one-third of its potential electric output capacity and more than 25 MW electrical output to any utility power distribution system for sale. Any steam supplied to a steam distribution system for the purpose of providing steam to a steam-electric generator that would produce electrical energy for sale is also considered in determining the electrical energy output capacity of the affected facility.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Subprojects means more than one such Subproject.

  • Maintenance and Operations Revenue or “M&O Revenue” means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under §175A of the CAA, as amended.