Careful application of the M&V protocol: A.Data logging systems/equipment B.New meters on relevant circuits C.Annual site bills D.Modelling
As per blue box in upper right corner Measurement and verification of savings. This text box not really necessary, but has been added to deliberately make the page look overly busy… for visual effect and nothing else really. EPC measurement & verification Request for Proposal Detailed Facility Study Install solutions M&V Initial M&V outline (for pricing) Methodology agreed (option, sample, timing & duration) Baseline agreed Some measurements taken (e.g. option A ‘before’) Comprehensive MVP developed Some pre-install measurements Post-install measurements Reporting Making good Financial reimbursement EPCDFSA IPMVP Options: A: Partly measured retrofit isolation B: Fully measured retrofit isolation C: Whole of site D: Simulated Calibration Ongoing M&V reporting: Annual M&V reports One off M&V reports (e.g. option A solutions) Annual commissioni ng requirements
Do we have to install everything they recommend?
Accounting treatment of energy efficiency investments For projects funded with cash OR debt where the payback period is less than the investment life. BALANCE SHEET –Increased liabilities or less cash –Improved asset value of buildings OPERATING STATEMENT –Depreciation expense (~1/15 th of investment) –Annual cost savings (~1/7 th of investment) –Savings more than double the expense NET DEBT (liabilities – cash) –Increased liabilities or less cash –Increased net debt by value of investment in year 1 –Impact reduces to zero over term of the payback period –Positive impact thereafter zero, then +ve +ve - ve for payback term, then +ve