Examples outside the EU
The EU lacks so far P4P initiatives. The results of the P4P pilots that have taken place in the US (mainly in New York and California) show that P4P schemes can be an effective way to engage both energy providers and third-party investors in energy efficiency, turning it into a reliable procurable resource. SENSEI will apply learnings from the US to the European energy market.
Two recent examples of P4P programmes running in the US are:
PG&E Cool Savers program (California)
Purpose: Demand-side management for EE and EE as grid resource
Sector: Residential
Efficiency metering methods used: CalTRACK system
Price: ~8$ cents/kWh and $1.8/therm for up to 2 years
Performance period: 2 years
Description: The utility will pay a set $/kWh payment for weather-normalized gross delivered savings at the meter to third-party aggregators for residential savings across their portfolios of projects through comprehensive retrofit, behavioral, and operational interventions.
The aggregator Build It Green (BIG) delivers the Cool Home Savers program on behalf of PG&E, by providing incentives to help customers upgrade to new energy-efficient technology designed to increase comfort and lower monthly energy bills. Customers will save money in three ways:
- Up to $1,800 in rebates for new AC units;
- Lower monthly energy bills and greater comfort;
- Up to $1,000 bonuses for top energy saved after 12 months.
NYSERDA Business Energy Pro (New York)
Purpose: EE as grid resource and development of EE services market
Sector: Commercial
Efficiency metering methods used: CalTRACK system
Price: tbd
Performance period: 3 years
Description: NYSERDA and a utility partner will select “Portfolio Managers”, i.e. third-party service providers, who will engage with businesses to implement energy efficiency solutions. Portfolio Managers can achieve energy savings goals by offering a range of energy efficiency improvements over time and by establishing relationships to re-engage with their participating customers. The goal is to increase the likelihood of continued savings, opening new options for testing different approaches and business models.
Energy savings from participating customers will be measured and aggregated on an ongoing basis to calculate the Portfolio Manager’s performance to be compensated by the utility over time (e.g. three years).
After an initial intervention with the customer, Portfolio Managers will have access to individual customer and aggregated portfolio data, providing analytics and insights into realized savings and opportunities.