A Pay-for-Performance (P4P) model allows for savings to be offered on a bidding platform to players in the market as an investment, for example, thereby allowing the energy efficiency to become a manageable procurable resource that can contribute, additionally, to bring more flexibility into the grid.
Figure: The Energy Efficiency Aggregator Business Model*
By creating new business models based on P4P schemes, SENSEI will:
- Generate new sources of benefits that increase the value of an energy retrofit project by enabling the compensation of energy efficiency as an energy resource
- Turn the project’s value into an investable asset to attract private financing
- Aggregate buildings and energy efficiency measure plans into portfolios of energy savings that can be offered to energy providers and to third party investors through energy savings purchase agreements