You’re bound to have some questions. Here we’ve answered the most frequently asked.
Assessment – this includes the audit costs and a review of your energy use and opportunities for energy reduction. This will be undertaken via two assessment processes: the Initial Energy Audit (IEA), and the Investment Grade Audit (IGA).
Delivery – this includes the purchase, installation and commissioning of the energy- saving solutions which our Assessment has deemed suitable for your business.
• Your bill payments.
• Half-hourly meter readings
• If you have more detailed information about your current energy use (for instance, through your own monitoring and targeting system) we would benefit from access to that data.
• Hours of operation, number of employees etc.
• Whether you lease or own your premises
All of this information will help us understand whether your business could benefit from our service. At the same time, the data will help our energy specialists, ensuring that they’re fully informed when they carry out the IEA.
• Monitoring & targeting equipment
• Heat pumps
• Boiler equipment
• HVAC equipment
• Combined heat & power
• Compact heat exchangers
• Motors and drives
• Compressed air equipment
• Refrigeration equipment
Our reach within the industry is extensive, and we are able to obtain significant procurement cost benefits which we pass on to our customers. We continue to research and understand advances in energy efficiency technology, ensuring that our customers benefit from the most appropriate balance of performance and cost.
We may need to install meters and sub-meters to monitor your energy usage and establish patterns linked to factors such as your business production and weather temperatures. This process is called Monitoring & Targeting (M&T).
We’ll also establish how we measure and verify the savings through the development of a Measurement & Verification Plan. We’ll agree the principles of this plan with you, as this will determine how we calculate energy savings going forward.
The audit also results in us devising and agreeing with you additional plans for installing, commissioning and maintaining the ECMs.
With energy reduction, it’s natural to conclude that energy bills will be reduced. However, this isn’t necessarily the case. Overall energy use can be influenced by many factors, such as production levels, weather temperature fluctuations, occupancy rates even changes to your building or the way you manufacture products. A change in any one of these factors may lead to increased energy use, disguising the actual energy reduction.
So, our team of energy specialists will devise an M&V Plan, the guiding principles of which will be agreed with you from the outset. This will help us decide which influencing factors should be used to adjust energy consumption after the installation of an ECM. M&V provides us both with a ‘savings meter’, allowing a value to be placed on energy efficiency. This will be reviewed annually, informing how much energy has actually been saved.
We use the International Performance Measurement and Verification Protocol (IPMVP) as a recognised methodology to ascertain energy-efficiency savings. This will be undertaken via practical skills and experience of a Certified Measurement and Verification Professional (CMVP).
The second contract is an Energy Services Agreement. This underpins how our long-term legal relationship will be maintained, setting out our respective rights and obligations and how these are managed and will be signed before we invest our funds within your business.
Operational Fee – this is paid quarterly in arrears and covers the cost of maintaining the equipment, delivering behavioural change and contract administration incurred over the previous quarter. Our policy is open and transparent, and we’re happy to provide evidence of all these costs. At the start of the contract we’ll also give you an annual budget, so you can be certain what the Operational Fee will be.
Excess Savings Fee – this is paid annually in arrears and is calculated at 50% of the annual energy savings minus the Service and Operational Fees.
Operational Fee – Unless agreed otherwise, we will issue our first invoice in the first quarter following commissioning of the ECMs. Alongside our invoice, we’ll provide you with evidence of the costs we have incurred.
Excess Savings Fee – We will issue our invoice after 12 months has elapsed on the contract and thereafter every 12 months during the contract period.