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Puget Sound Energy 1/25/2024
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Puget Sound Energy 1/25/2024
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Last modified
1/26/2024 9:59:26 AM
Creation date
1/26/2024 9:59:02 AM
Metadata
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Template:
Contracts
Contractor's Name
Puget Sound Energy
Approval Date
1/25/2024
End Date
12/31/2026
Department
Facilities
Department Project Manager
Karen Schraven
Subject / Project Title
Commercial Strategic Energy Management Incentive
Tracking Number
0004157
Total Compensation
$27,100.00
Contract Type
Agreement
Contract Subtype
Grant Agreement (City as Grantee)
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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ATTACHMENT A – SCOPE OF WORK <br />Page 5 <br />3. Predictability – The building utility consumption must be predictable based on independent variables as <br />determined by PSE. The variables may include weather, occupancy hours, production units, etc. <br />PARTICIPANT must provide the independent variable data other than weather (occupied hours, <br />production units, etc.) per the required resolution (monthly, daily, etc.) to PSE on an annual basis as <br />outlined in Attachment B. <br />Performance Targets <br />The baseline period for this incentive agreement is January-22 through December-22. Based on the total facility <br />portfolio listed in Attachment B, the consumption of PSE supplied energy during the base period was 0 kWh and <br />145,211 therms. This equates to incentives and resource needs based on a 0% personnel level for electricity and <br />a 7% personnel level for natural gas per PSE defined funding levels based on consumption (20,000,000 kWh for <br />electricity, 2,000,000 therms for natural gas). <br /> The performance target will be 3 percent reduction in total portfolio consumption each year. The following table <br />presents the targets for the three years: <br />Table 5: Savings Targets <br />Performance Period Date Range Savings Target <br />kWh Therms <br />Year 1 Performance 01/01/2024 to 12/31/2024 0 4,356 <br />Year 2 Performance 01/01/2025 to 12/31/2025 0 4,356 <br />Year 3 Performance 01/01/2026 to 12/31/2026 0 4,356 <br />Total 0 13,068 <br />PSE Savings Calculations <br />PSE will calculate the savings of the performance period against the baseline period on an annual basis for <br />PARTICIPANT. The baseline period consumption will be adjusted based on the independent variables that impact <br />consumption, which may include weather, occupancy hours, production units, etc. PSE has identified the likely <br />independent variables in Attachment B, but reserves the right to change the independent variables used. <br />PARTICIPANT shall submit any information that would support adjustments to the baseline or the performance <br />year energy usage. This may include changes to the building area, changes in occupancy, significant addition of <br />plug loads (greater than 1% of annual consumption), etc. <br />PSE will quantify two types of savings for the incentive. The first calculation will be known as “Total Savings” <br />and includes all savings associated with SEM activities and PSE-incentivized projects. The second calculation will <br />be known as “SEM Savings” and is equal to the “Total Savings” minus savings associated with other PSE- <br />incentivized projects. Participants are encouraged to participate in other PSE incentive programs but this <br />participation should be recorded in the activity log as described above.
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