GESC for Olive WTP Solar Proj No 124-050 - Ameresco

Home Browse Search

M&V Services For each Guarantee Year for which M&V Services are to be performed, Ameresco will perform the M&V Services and submit to Customer a measurement and verification report for the Property (the "M&V Report"), which shall include a guarantee reconciliation (the "Guarantee Reconciliation") upon the later of (i) ninety (90) days after the end of each Guarantee Year and (ii) sixty (60) days after Ameresco receives or obtains Customer's available energy usage data for the Guarantee Year in question, if requested. The Guarantee Reconciliation will set forth the calculation of the cumulative Annual Savings achieved in relation to the cumulative Guaranteed Savings for the period being reconciled. The M&V Services will be performed and an M&V Report delivered for Guarantee Year 1 of the Guarantee Period. By written notice to Ameresco provided no later than ninety (90) days after the commencement of any subsequent and consecutive Guarantee Year, Customer, in its sole discretion, may elect to continue the M&V Services. If the Customer does not elect to continue the M&V Services within the stated timeframe, the Guaranteed Savings will be deemed achieved for the balance of the Guarantee Period and no further M&V Services will be performed. The Guaranteed Savings will be deemed achieved for each year for which M&V Services are not required to be performed. Upon written notice to Ameresco, given at least ninety (90) days after the commencement of Years 2 through 15 of the Guarantee Period, Ameresco will continue monitoring the performance of each ECM, consistent with the M&V Plan, and provide an Annual M&V Report; provided however, such notice may be given only for consecutive Guarantee Years. The Customer must pay the stated M&V fee listed in Attachment I in advance of each given year for the M&V Services to be provided as required by the Section 4(d) of the ESA. Failure to pay the M&V Services fee when due on an annual basis will result in termination of the M&V Services, and the Guaranteed Savings shall be deemed achieved for each Guarantee Year for which payment was not made and for the balance of the Guarantee Period. In the event of early termination of this Agreement or of the M&V Services, unless termination is effective on the last day of the Guarantee Year then in effect, no annual M&V Report will be produced for the Guarantee Year then in effect, and the Guaranteed Savings shall be deemed achieved for the Guarantee Year then in effect and for the balance of the Guarantee Period. Routine and Non -Routine Adjustments to the Baseline This Attachment G: Savings Measurement and Verification Plan describes the specific measurement and verification plan for each energy conservation measure. Contained within each plan are the calculation formulas for determining energy savings, including adjustments to the energy baseline during the M&V Term to address routine and non -routine adjustments. Baseline adjustments for routine and non -routine adjustments are discussed below: Routine Adjustments Routine adjustments are changes to the baseline energy consumption due to factors which are both significant to the energy consumption and vary predictably. Factors resulting in routine adjustments include, but are not limited to, weather, building temperature setpoint, hours of operation, and number of occupants. Routine adjustments, if required according to the respective measurement and verification plan, will be performed annually and will affect the Guarantee Period in which the adjustment occurs only, and will not be continued into later Guarantee Periods. If routine adjustments result in a reduction of energy savings and are beyond the control of Ameresco, the value of the Savings Guarantee will be reduced by the magnitude of the routine adjustment. Confidential & Proprietary Information of Ameresco, Inc. Page 35 of 56