Energy Efficiency Credits
Taking care of the environment can benefit a company's bottom line. With CPower managing a company's environmental assets, clients capture the full value of their energy efficiency efforts. Through the creation and monetization of environmental credits, CPower makes sure energy efficiency and renewable energy projects generate revenue beyond savings at the meter. CPower monetizes the benefits of energy efficiency and renewable energy projects by creating Renewable Energy Credits (RECs) and Energy Efficiency Certificates (EECs). Clients that earn RECs and EECs are eligible to participate in current and emerging environmental asset markets.Energy Efficiency Credits (EECs) are tradable, non-tangible energy commodities, each representing one kilowatt-hour (1kWh) of avoided energy consumption. EECs go by many other names, the most common of which is white certificates. EECs are generated via the deployment of energy efficient equipment and/or energy management capabilities at a customer site, and the satisfaction of defined measurement and verification standards to quantify real savings with accuracy. Once a project is certified and registered, the EECs generated accrue over the lifetime of the project. Qualifying energy efficiency projects may include building automation controls upgrades, lighting retrofits, co-generation, and chiller, motor, heat pump, and HVAC replacements. EECs capture the economic and environmental benefits of energy efficiency measures and can be sold to a number of buyers, or they can be banked for future sale. There are compliance and voluntary markets in which EECs may be bought and sold.
Compliance markets are created by Energy Efficiency Standards, by which electricity suppliers (utilities and/or retailers) are required each year to provide a number of certified kWh of energy efficient equal a defined percentage of kWh of electricity purchased and sold by such entity during that year. Suppliers must satisfy these standards by their own energy efficiency efforts (for their own or end-user facilities), by purchasing EECs in the market or by paying a defined penalty. As present, while Energy Efficiency Standards are far less widespread in the United States than Renewable Energy Portfolio Standards, in some states energy efficiency resources qualify for renewable energy and energy efficiency projects that may generate RECs instead of EECs. In voluntary markets, corporations, government organizations, investors, and homeowners purchase EECs out of a desire to reduce their carbon footprint or for trading and speculation.
CPower assists clients and partners in identifying potential opportunities to develop and monetize energy efficiency projects, registers EECs on behalf of clients and partners, and provides turnkey EEC management, including quantification, registration, banking and ultimately sale of EECs. These processes include coordination of required independent audits by a third-party certified engineers to verify energy savings, registration of the maximum impact of the permanent energy savings with the applicable Public Utility Commission (PUC), identification of the optimal time and price at which to sell the EECs based on client instructions, and continuous validation, registration, portfolio management and sale of assets for the life of the project's impact.
CPower works with clients and business partners across North America and the United Kingdom, including the major energy markets of New York, New England, California, the mid-Atlantic states, the Midwestern states, Texas and Ontario. Our clients range from medium to large-scale energy users, and span the industrial, commercial, retail and institutional markets.