SENSEI designs and tests innovative transaction models that enable energy efficiency upgrades in buildings, so they offer value through the following paths:
- Incentive schemes that steer energy efficiency interventions towards measures that are beneficial for both the building owners and the power grid;
- Capacity mechanisms that compensate energy efficiency to permanently reduce power consumption, thus affecting positively peak capacity requirements and ramping reserves;
- Removing the risk of paying for unrealised savings under energy efficiency financing programmes.
SENSEI will build on innovative pay-for-performance (P4P) schemes, according to which, payments for energy efficiency are based on proven and measured savings (using pre-agreed measurement and verification methods).