M&V Reports Sample Clauses
The M&V Reports clause establishes the requirement for regular measurement and verification (M&V) reports to be prepared and delivered, typically in the context of energy performance or savings contracts. These reports detail the actual performance data, such as energy usage or cost savings, compared to baseline figures, and are usually submitted at agreed intervals (e.g., monthly or annually). By mandating these reports, the clause ensures transparency and accountability, allowing both parties to track whether performance targets are being met and to resolve discrepancies efficiently.
M&V Reports. Upon receipt of all relevant data and any other information required pursuant to the M&V Plan, the IESO will request the Technical Reviewer to complete an M&V Report for each M&V Reporting Period specified in the M&V Plan within a reasonable period of time. The Technical Reviewer will provide a copy of each M&V Report to the IESO and the Participant within ten (10) Business Days of receipt of all required information. The Electricity Savings as determined by the Technical Reviewer and set out in any M&V Report will be used by the IESO and the Technical Reviewer, among other things, to assess whether the Project has achieved at least 90% of the Anticipated Electricity Savings for such M&V Reporting Period.
M&V Reports. (a) As more particularly described in Section 5.5(c) or 5.5(d), and upon receipt of all relevant data and any other information required pursuant to the M&V Plan, the LDC will request the Technical Reviewer to complete a M&V Report for each M&V Reporting Period specified in the M&V Plan within a reasonable period of time.
(b) The Participant will fulfill all of its obligations as required pursuant to the M&V Plan, including (i) acquiring and installing metering equipment required by the M&V Plan; (ii) collecting and delivering to the LDC and the Technical Reviewer all relevant data and any other information required pursuant to the M&V Plan; and (iii) providing the LDC and the Technical Reviewer with all reasonable access to the Facilities and other related buildings, premises and lands owned or occupied by it related to the Project or Portfolio, as the case may be, in order for the Technical Reviewer to prepare the M&V Reports and/or to observe the installation of such metering equipment.
(c) If the Advanced Incentive Payment Option is elected hereunder:
i. provided that the Participant has complied with Section 5.5(b), within 10 Business Days of receipt of all necessary information required for the preparation of a M&V Report, the LDC will request the Technical Reviewer to prepare and deliver to the LDC, in form and substance acceptable to the LDC and the Technical Reviewer:
A. in connection with the request for payment set out in Section 7.1(a)(v), the first M&V Report in respect of the first full year immediately following the In-Service Date; and
B. annual M&V Reports, immediately subsequent to the first M&V Report referred to in Section 5.5(c)(i)A in respect of each subsequent M&V Reporting Period; and
ii. the provisions of Section 5.5(d) will not be applicable.
(d) If the Deferred Incentive Payment Option is elected hereunder:
i. provided that the Participant has complied with Section 5.5(b), within 10 Business Days of receipt of all necessary information required for the preparation of a M&V Report, the LDC will request the Technical Reviewer to prepare and deliver to the LDC, in form and substance acceptable to the LDC and the Technical Reviewer:
A. in connection with the requests for payment set out in Section 7.2(a), consecutive quarterly M&V Reports commencing with the first quarter immediately following the In-Service Date and ending with the fourth quarter immediately following the In-Service Date, respectively; and
B. annual M&V Reports, imm...
M&V Reports. (a) As more particularly described in Section 5.5(c) or 5.5(d), and upon receipt of all relevant data and any other information required pursuant to the M&V Plan, the LDC will request the Technical Reviewer to complete a M&V Report for each M&V Reporting Period specified in the M&V Plan within a reasonable period of time.
(b) The Participant will fulfill all of its obligations as required pursuant to the M&V Plan, including (i) acquiring and installing metering equipment required by the M&V Plan; (ii) collecting and delivering to the LDC and the Technical Reviewer all relevant data and any other information required pursuant to the M&V Plan; and