Solution
Most of Energy Saving projects are on Performance Contracting basis nowadays.
A thorough measurement and verification (M&V) becomes very crucial. Reasons are, M&V determine saving in regards to the performance guaranteed. Second, M&V helps the guarantees savings will persist over time.
Tetley Technology handles projects base on International protocols for ensuring a fair and dispute-minimized process.
We use the International Performance Measurement and Verification Protocol (IPMVP) and is included and supported in CCI best practice terms and conditions. The protocols contained therein are written and periodically updated by the Efficiency Valuation Organization (EVO).
According to EVO, “M&V is the process of using measurement to reliably determine actual savings created within an individual facility by an energy management, energy conservation or energy efficiency project or program. As savings cannot be directly measured, the savings can be determined by comparing measured use before and after implementation of a project, making appropriate adjustments for changes in conditions.”
A thorough measurement and verification (M&V) becomes very crucial. Reasons are, M&V determine saving in regards to the performance guaranteed. Second, M&V helps the guarantees savings will persist over time.
Tetley Technology handles projects base on International protocols for ensuring a fair and dispute-minimized process.
We use the International Performance Measurement and Verification Protocol (IPMVP) and is included and supported in CCI best practice terms and conditions. The protocols contained therein are written and periodically updated by the Efficiency Valuation Organization (EVO).
According to EVO, “M&V is the process of using measurement to reliably determine actual savings created within an individual facility by an energy management, energy conservation or energy efficiency project or program. As savings cannot be directly measured, the savings can be determined by comparing measured use before and after implementation of a project, making appropriate adjustments for changes in conditions.”
International Energy Efficiency Financing Protocol (IEEFP), could help to bridge the gap between funding sources and their financing of energy saving projects (ESPs).
The IEEFP is envisioned to ultimately become the global “blue print” for educating and training Local Finance Institutions (LFI) around the world on the special intricacies, benefits and risks associated with financing ESPs. It is intended to be a growing set of best practices, resource materials, case studies, standardized tools and guidelines to support LFIs and other energy efficiency stakeholders in their economic and financial evaluation of ESPs.
Tetley Technology as a key ESP player in local market, we actively partner with LFIs to finance energy saving projects either by way of loan or performance contracting.
The IEEFP is envisioned to ultimately become the global “blue print” for educating and training Local Finance Institutions (LFI) around the world on the special intricacies, benefits and risks associated with financing ESPs. It is intended to be a growing set of best practices, resource materials, case studies, standardized tools and guidelines to support LFIs and other energy efficiency stakeholders in their economic and financial evaluation of ESPs.
Tetley Technology as a key ESP player in local market, we actively partner with LFIs to finance energy saving projects either by way of loan or performance contracting.
