Power consumption Power of the market consumption of Upgrade average the efficient energy use product installed product Deemed minus multiplied by multiplied by Baseline Assumed Assumed energy use operating operating hours hours Upgrade energy use Measured on Measured on site before the site after the minus project is project is carried out carried out Baseline energy use Due to the need for specific details about a energy efficiency business’s particular improvements, project-based assessments are more complex and therefore more costly, than deemed methods. However, they have the potential to generate much greater energy cost savings and greenhouse gas abatement, and support energy efficiency upgrades in a greater range of businesses. The typical size of an implementation using a project-based assessment method varies widely. In the NSW Energy Savings Scheme (ESS), of all project-based assessments implemented to date, around 1,200 individual projects have created between one and 5,000 certificates each, and around 130 projects have created between 5,000 and 65,000 certificates, with most of these in the 5,000 to 25,000 certificate range. Policy direction Previous stakeholder feedback Some stakeholders and businesses have provided feedback on introducing project-based assessments into the VEET scheme during the VEET consultation in April and May 2015. General views included: Strong support for alignment of project-based assessment methods with those from energy efficiency schemes in other jurisdictions, particularly the NSW ESS Stakeholders value the credibility and guaranteed savings demonstrated via measurement and verification (M&V) approaches
Deemed Power consumption of the market average product multiplied by Assumed operating hours Power consumption of the efficient installed product multiplied by Assumed operating hours Upgrade energy use minus Baseline energy use Measured on site before the project is carried out Measured on site after the project is carried out Upgrade energy use minus Baseline energy use Due to the need for specific details about a business’s particular energy efficiency improvements, project-based assessments are more complex and therefore more costly, than deemed methods. However, they have the potential to generate much greater energy cost savings and greenhouse gas abatement, and support energy efficiency upgrades in a greater range of businesses. The typical size of an implementation using a project-based assessment method varies widely. In the NSW Energy Savings Scheme (ESS), of all project-based assessments implemented to date, around 1,200 individual projects have created between one and 5,000 certificates each, and around 130 projects have created between 5,000 and 65,000 certificates, with most of these in the 5,000 to 25,000 certificate range. Policy direction Previous stakeholder feedback Some stakeholders and businesses have provided feedback on introducing project-based assessments into the VEET scheme during the VEET consultation in April and May 2015. General views included: Strong support for alignment of project-based assessment methods with those from energy efficiency schemes in other jurisdictions, particularly the NSW ESS Stakeholders value the credibility and guaranteed savings demonstrated via measurement and verification (M&V) approaches
Project-based-assessments-in-the-VEET-scheme-October-2015-stakeholder-consultation-paper2.docx