Examples of Total resource cost test in a sentence
Section 8-103 and Section 16-111.5B TRC Test: "Total resource cost test" or "TRC test" means a standard that is met if, for an investment in energy efficiency or demand- response measures, the benefit-cost ratio is greater than one.
Section 8-103B TRC Test: "Total resource cost test" or "TRC test" means a standard that is met if, for an investment in energy efficiency or demand-response measures, the benefit-cost ratio is greater than one.
As used in this rule, (yy) "Total resource cost test" means a cost-effectiveness test that eliminates the distinction between a participant and nonparticipant by analyzing whether a resource is cost-effective based on the total cost and benefit of the program, independent of the precise allocation to a shareholder, ratepayer, and participant.
The SPM outlines four cost tests that measure cost- effectiveness of utility-sponsored EE programs: • Participant cost test (PCT)• Total resource cost test (TRC) 6 http://www.cpuc.ca.gov/PUC/energy/electric/Energy+Efficiency/EM+and+V/• Ratepayer impact measure test (RIM)• Program administrator cost test (PAC).The cost tests can each be calculated in three ways: (1) as a NPV of total benefits minus total costs; (2) a ratio of total benefits to total costs; or (3) as a total levelized cost.
The five cost-effectiveness tests commonly used across the country are listed below: • Participant cost test (PCT).• Program administrator cost test (PACT).2• Ratepayer impact measure test (RIM).• Total resource cost test (TRC).• Societal cost test (SCT).