Meeting the mandate: utilities required to deploy comprehensive energy efficiency programs
Increasing regulatory pressure from public utility commissions is driving utilities to deploy energy efficiency programs across their entire customer base. Stringent mandates frequently specify multi-year energy reduction targets.
Regulators also establish financial compensation mechanisms to influence the willingness of the utility to invest in energy efficiency initiatives. Some programs allow utilities to recover the cost of their energy efficiency expenses in their rate case. Others decouple revenue from sales volume and offer a “lost revenue adjustment” program for utilities to recover their energy efficiency program fixed costs.
While their motivation to meet energy reduction targets through energy efficiency programs is high, utilities have been struggling to deploy a complex patchwork of vendor and homegrown energy efficiency software tools, which are inefficient and costly to deploy, integrate, and maintain.
To help utilities deliver practical and cost-effective energy efficiency programs, C3 is delivering an integrated energy efficiency software solution, serving all utility customer segments: residential as well as small, medium, and large commercial and industrial organizations.
Read about the C3 acquisition of Efficiency 2.0 and look for a three-part blog series from me about Energy Efficiency for Utilities.