Crossword Genius

Upkeep oddly absent — energy found (3)

Ross

I believe the answer is:

pep

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'absent energy found' is the definition.
I can't tell whether this definition defines the answer.

'upkeep oddly' is the wordplay.
'oddly' indicates alternate letters (letters in odd-numbered positions).
The alternating letters of 'upkeep' are 'PEP'.

Can you help me to learn more?

(Other definitions for pep that I've seen before include "Energy, liveliness" , "Vim and vitality" , "Palindromic energy or vim" , "Energy or enthusiasm" , "Palindrome for vitality or energy" .)

I've seen this clue in The Times.
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