Documentation of calculation of savings Sample Clauses

Documentation of calculation of savings. The grid and distribution company must be able to document all calculations, measurements and other matters pertaining to the calculation of the specific energy saving, see annex 6 below: • Calculation of energy consumption before implementation of the initiative - the reference. • Calculation of energy consumption after implementation of the initiative. • Calculation of the effect of the initiative, expressed as the total energy saving in the first service year after implementation of the initiative. Adjustments will have to be made for any changes to service times, production volume and production mix, etc. • Assumptions (service times, changes to production, effects of labelling etc.). • The project's simple payback time, expressed as the relationship between the investment (less subsidy) and the value of the first year's energy savings. Investment and energy prices must be documented upon request in the form of quotes/invoices. Costs for which there is no documentation may account for no more than 10% of the total investment. The end user's decision-making basis for implementing the specific project may serve as documentation. • Energy type. • Prioritisation/conversion factor.
Sample 1
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