Common use of Baseline Energy Use Clause in Contracts

Baseline Energy Use. A calculation of energy use of a building or piece of equipment over a specified period used to project energy use had the project not been implemented. Energy Conservation Measures (ECM). A measure to reduce energy use or costs, such as the installation of equipment or systems, or modification of equipment or systems, or revised operation and maintenance procedures. Guaranteed Performance. The annual energy unit and cost savings, which the Contractor guarantees will be realized by the State as a result of the Project, will be calculated in accordance with the methodology (i.e., the International Performance Measurement and Verification Protocol (IPMVP) Options A and B) described in the original RFP and agreed to by Contractor in its RFP response. The Parties agree that the final M&V Plan will be negotiated and mutually agreed to during the development of the IGA. Excess annual energy units and cost savings obtained by the