Lower Costs definition

Lower Costs. The project will lower customer costs by providing demand and energy mitigation and by providing other monetizable benefits, such as demand response participation. The microgrid would lower costs of lost operation for the Junior College by allowing the campus to remain operational in the event of an outage of the surrounding grid, and would lower peak demand charges and energy costs through on-site generation and storage even when the larger grid is operating normally. The successful demonstration of this project will both help project developers refine products and customers better understand and utilize microgrid technologies, thus reducing costs of microgrid deployment. Additionally, the project will reduce costs for the utility and ratepayers by providing local voltage support and frequency regulation, allowing the distribution grid to rely less on centralized local power electronics to provide these services; the microgrid will also reduce peak demand, in turn reducing the stress to substations, transformers and wires, and thereby extending the life of the associated grid equipment.
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Lower Costs. The project has the potential to lower energy costs for the individual customers as well as system costs for all utility ratepayers. The primary application of the solar PV and energy storage system will be to lower energy costs for the individual tenants within the mobile home park. Additionally, by providing potential locational benefits such as reducing congestion on the distribution feeder or increasing the integration capacity of the circuit, the grid will function more efficiently, potentially deferring or offsetting grid transformer or line upgrades. Additionally, shifting excess solar PV generation from the middle of the day to evening residential peak hours will reduce the need to deploy more expensive peaker plants.
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Examples of Lower Costs in a sentence

  • Lower Costs – This agreement can provide landlords with the potential sale of a property without having to hire a real estate agent or market the property.

  • Ratepayer Benefits:2 California Ratepayers will benefit from the project because it will enable comprehension of a technology that provides greater reliability, lower costs and increased safety compared to the current market offerings: • Lower Costs: As the California grid moves toward 50% renewables and beyond, the cycling on a typical storage unit will increase.

  • Lower Costs • Lower costs to the ratepayer by accelerating new clean energy technologies to the market that offer energy efficiency and lower costs to the ratepayers.

Related to Lower Costs

  • Related Expenses means any and all costs, liabilities, and expenses (including, without limitation, losses, damages, penalties, claims, actions, reasonable attorney's fees, legal expenses, judgments, suits and disbursements) reasonably incurred by, or imposed upon, or asserted against, Lender in any attempt by Lender:

  • Total Costs means the sum of all direct and indirect costs associated with the purchase of the goods incurred by CPUT, including but not limited to the invoice price, goods life, service costs, distribution costs, transaction costs, inventory costs, purchasing administration costs and other costs incurred with the use of the goods provided by the Bidder.

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Direct Costs means the sum of the following: