The following is an announcement from Seattle City Light.
The Deep Retrofit Pay for Performance (P4P) program has been designed to enable customers to achieve energy efficiency through incentive payments, which are made over time and based on energy savings measured at the electric meter. This differs from the standard approach of offering an upfront incentive payment based on the estimated energy savings from an energy conservation measure.
Since savings are measured at the meter in P4P, savings can come from building retrofits and equipment upgrades, as well as behavioral, operational and maintenance (O&M), and retro-commissioning activities. Participants receive a set incentive rate for energy savings achieved over the course of a defined performance period (either three or five years). Incentive payments are made at the end of each year of the performance period.
After the successful conclusion of the Pay for Performance pilot program, City Light has worked with many of you over the past two years to get to this day. We want to thank you for helping us design better programs. From one-on-one conversations with City Light staff to participating in formal workshops, your participation, support and input has been invaluable.
Please join Seattle City Light at the Smart Buildings Center in Seattle (Wednesday, October 31, 2018 10:00 AM – 11:00 AM), to learn more about the new Deep Retrofit Pay for Performance Program. You’ll learn about how the program works, how your business can benefit from participating, and what you need to get started!
If you have a project that you would like to have considered for Pay for Performance, please contact an Energy Advisor at 206-684-3800 for the first steps to get started.
More information, including the Program Manual, FAQs and a case study, can be found on our website.