Define: Utility cost savings
Utility cost savings means long-term reduction in utility expenses due to changes implemented by a certified energy service provider
Utility cost savings means long-term reduction in utility expenses due to changes implemented by a certified energy service provider.
Relevant Circumstances
- When a business seeks to reduce its energy consumption by investing in energy efficient equipment or services.
- When a government body is contracting an energy service provider to manage and reduce utility usage.
- During negotiation of terms related to utility consumption and cost savings for energy supply agreements.