Verified Savings definition

Verified Savings means values reported by a natural gas utility after review by an independent third-party evaluator. The third party evaluator shall be chosen by the utility and such costs shall be determined to be a Program cost. These values should reflect all adjustments including corrections for any known data errors and actual installation rates, and should also be adjusted by revised values for known factors such as per-unit savings values, operating hours, savings persistence rates, and net to gross adjustments.
Verified Savings means savings determined by the IESO's evaluation, measurement and verification that may adjust reported savings by the realization rate.
Verified Savings means an annual reduction of energy usage or peak demand from an energy efficiency or peak-demand reduction program directly measured or calculated using methods found in the Ohio technical reference manual or other reasonable statistical and/or engineering, as approved by the commission

Examples of Verified Savings in a sentence

  • Verified Savings To Date - Include narrative to summarize the table showing verified savings to date.

  • Verified Savings Calculations and Methodology • Provide detailed description of analysis methodology used.

  • Verified Savings: If the evaluation team does not identify any discrepancies between the provided project documentation and the claimed utility savings, the team will attribute full credit.

  • Examples include renovation of a plant which replaces an existing production line with a production line for a different product, substantial renovation of an existing building interior, replacement of an existing standard HVAC system with a ground source heat pump system.• Verified Savings – Evaluator estimated savings for projects and programs of projects which are completed and for which the impact evaluation and EM&V activities are completed.

  • CY 2011-2014 New Homes Program Realization Rate by Fuel Type CY 2014 and Quadrennium Gross and Verified Savings ResultsTable 55 lists the combined ex ante and verified gross savings by measure in CY 2014.

  • CY 2012-2014 Appliance Recycling Program Realization Rate by Fuel Type CY 2014 and Quadrennium Gross and Verified Savings ResultsTable 14 lists the combined ex ante and verified gross savings by measure type in CY 2014.

  • CY 2012-2014 Residential Rewards Program Realization Rate by Fuel Type CY 2014 and Quadrennium Gross and Verified Savings ResultsTable 64 lists the combined ex ante and verified gross savings by measure type in CY 2014.

  • CY 2011–CY 2014 Assisted Home Performance with ENERGY STAR Program Realization Rate by Fuel Type CY 2014 and Quadrennium Gross and Verified Savings ResultsTable lists the combined ex ante and verified gross savings by measure type in CY 2014.

  • Among those, the instruments such as ESCO Model Contract Template, Guaranteed Savings Energy Performance Contracting (EPC) Template, Lease Contract Template, Shared Savings EPC Template, Verified Savings EPC Template, and Benchmarking Tool are assessed as fundamentally useful references for further EE market development in Turkey.

  • CY 2012-2014 Enhanced Rewards Program Realization Rate by Fuel Type CY 2014 and Quadrennium Gross and Verified Savings ResultsTable 73 lists the combined ex ante and verified gross savings by measure type in CY 2014.


More Definitions of Verified Savings

Verified Savings means actual energy savings, operational cost savings, and revenue enhancements realized with reference to certain baseline/benchmarks and determined in accordance with methods and procedures specified in GESPCs. Verified Savings shall result solely from ECMs installed or performed by ESPs in accordance with GESPCs under the Act.
Verified Savings means actual energy savings, operational cost savings, and revenue enhancements realized with reference to the Baseline set forth in Schedule E of the GESPC, and determined in accordance with the methods and procedures in Schedule M of the GESPC, in accordance with Section 5.2 of the GESPC. Verified Savings shall result solely from ECMs installed or performed by ESP in accordance with the GESPC.
Verified Savings is defined as the summation of avoided Energy costs as determined by the Measurement and Verification Plan for the Facilities in each Guarantee Period as a result of the ECMs provided by MIDSTATE ENERGY, LLC. as well as Excess Verified Savings, if any carried forward from previous years.
Verified Savings means actual energy savings, operational cost savings, and revenue enhancements realized with reference to the Baseline set forth in Schedule E (Baseline) of the GESPC, and determined in accordance with the methods and procedures in Schedule M (Methods of Savings Measurement and Verification) of the GESPC, in accordance with Section 5.2 of the GESPC. Schedule E shall identify the Baseline with reference to fiscal years. Verified Savings shall result solely from ECMs installed or performed by ESP in accordance with the GESPC.
Verified Savings means an annual reduction of energy usage or peak demand from an energy efficiency or peak-demand reduction program directly measured or calculated using reasonable statistical and/or engineering methods consistent with approved measurement and verification guidelines.
Verified Savings shall have the meaning set forth in the GESPC. SCOPE OF ENERGY AUDIT AND ENERGY AUDIT REPORT Energy Audit. ESP shall perform an Investment Grade Energy Audit (“Audit”), as defined in the Act and in accordance with this Audit Agreement, of the Premises identified in Attachment A.

Related to Verified Savings

  • Certified scale weigh ticket means a weigh ticket that has been issued by a

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Certified system means any X-ray system which has one or more certified component(s).

  • Tax Savings means the difference between the dollar amount of real property taxes levied in any year on land valued and assessed in accordance with its current agricultural use value and the dollar amount of real property taxes that would have been levied upon such land if it had been valued and assessed for such year in accordance with Section 2 of Article XII, Ohio Constitution.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Certified nurse midwife means an advanced practice registered nurse who is certified in the

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Fortified wine means any wine, of more than sixteen percent (16%) and no more than twenty-four percent (24%) alcohol by volume, made by fermentation from grapes, fruits, berries, rice, or honey; or by the addition of pure cane, beet, or dextrose sugar; or by the addition of pure brandy from the same type of grape, fruit, berry, rice, or honey that is contained in the base wine and produced in accordance with the regulations of the United States.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Energy savings performance contract means a contract under which the rate of payments is based upon energy and operational cost savings and a stipulated maximum energy consumption level over the life of the contract.

  • Step 4 Contribution - Amortize the result in Step 3 by multiplying it by the applicable factor from Table II. For the Plan Year in which the Participant attains Normal Retirement Age and for any subsequent Plan Year, the applicable factor is 1.0.

  • Step 3 If no settlement is reached at Step 2, a meeting shall be held between the designated senior representatives of the Union and the Employer within seven (7) working days of the Employer's response at Step 2. The Employer's response to the grievance at Step 3 shall be in writing within seven (7) working days of this meeting.

  • Allowable emissions means the emission rate of a stationary source calculated using both the maximum rated capacity of the source, unless the source is subject to federally enforceable limits which restrict the operating rate or hours of operation, and the most stringent of the following:

  • Disposable earnings means that part of the earnings of an

  • Contribution Percentage means the percentage obtained by dividing (x) the Adjusted Net Worth (as defined below) of such Guarantor by (y) the aggregate Adjusted Net Worth of all Guarantors; (ii) the “Adjusted Net Worth” of each Guarantor shall mean the greater of (x) the Net Worth (as defined below) of such Guarantor and (y) zero; and (iii) the “Net Worth” of each Guarantor shall mean the amount by which the fair saleable value of such Guarantor’s assets on the date of any Relevant Payment exceeds its existing debts and other liabilities (including contingent liabilities, but without giving effect to any Guaranteed Obligations arising under this Guaranty or any guaranteed obligations arising under any guaranty of any Permitted Additional Indebtedness) on such date. Notwithstanding anything to the contrary contained above, any Guarantor that is released from this Guaranty pursuant to Section 17 hereof shall thereafter have no contribution obligations, or rights, pursuant to this Section 18, and at the time of any such release, if the released Guarantor had an Aggregate Excess Amount or an Aggregate Deficit Amount, same shall be deemed reduced to $0, and the contribution rights and obligations of the remaining Guarantors shall be recalculated on the respective date of release (as otherwise provided above) based on the payments made hereunder by the remaining Guarantors. All parties hereto recognize and agree that, except for any right of contribution arising pursuant to this Section 18, each Guarantor who makes any payment in respect of the Guaranteed Obligations shall have no right of contribution or subrogation against any other Guarantor in respect of such payment until the Termination Date. Each of the Guarantors recognizes and acknowledges that the rights to contribution arising hereunder shall constitute an asset in favor of the party entitled to such contribution. In this connection, each Guarantor has the right to waive its contribution right against any Guarantor to the extent that after giving effect to such waiver such Guarantor would remain solvent, in the determination of the Required Lenders.

  • Step 2 The Union Representative or Representatives may take the matter up with the Employer official designated by the Employer to handle Labour Relations matters. If the matter is not taken up within ten (10) calendar days of the date the Union received the written reply to the grievance in Step 1, it shall be deemed to have been abandoned and further recourse to the Grievance Procedure shall be forfeited.

  • Pro Forma Cost Savings means, with respect to any four-quarter period, the reduction in net costs and expenses that: