Baseline Definition. The base year is the period of time, as agreed to in this document, which establishes the pre-retrofit conditions used as the point of reference for determining Guaranteed Energy Savings. The Guarantee Period is any one or more billing periods during the term of the guarantee during which guaranteed savings are measured. The baseline is that set of parameters that describes both the energy consumed in the base year and the conditions that caused that consumption to occur. This set of parameters includes utility consumption, facility use information, weather data and other information as may be necessary to describe the base year conditions. In addition, the baseline includes certain mathematical values, calculated by a model, that are used to correlate the base year energy consumption with the factors that caused that consumption. The baseline to be used for this project is defined in Schedule C. Owner agrees to accept modifications to this baseline that are necessary to account for changes in the facilities and their use which may have occurred prior to Contract execution but have come to Xxxxxxx’x attention after the Contract execution.
Baseline Definition
