It’s Not Utilities’ Fault They Don’t Have Benchmarking Data
The Institute for Market Transformation (IMT) released a white paper that explores energy benchmarking from the utility’s perspective, finding that although utilities have been billing for monthly energy usage for decades, they have not capitalized on this information.
The white paper “Creating Value from Benchmarking: A Utility Perspective,” says this inaction can be chalked up to the fact that customer billing information is often not organized in terms of buildings. But as utilities take part in benchmarking programs, they are considering which data points should be collected – both from a technical and legal perspective.
Most states have strict criteria for allowing utilities to attribute savings from energy efficiency programs, and it is more difficult to calculate savings from benchmarking than from more traditional energy efficiency incentive and rebate programs. By uploading energy consumption data directly to a building owner’s records, utilities can help ensure that the benchmarking data they receive back will be more reliable, says the IMT paper.
“In several markets, such as Texas and Florida, the utilities have made an effort to better accommodate multi-tenant and multi-site properties with their energy data needs, but from a national perspective, we still have a ways to go,” said Sanjoy Malik, CEO of Urjanet, earlier this summer.
- Gartner Magic Quadrant
- How "Fixed" is the Fixed Price Product?
- 2015 Environmental Leader Product & Project Awards
- Improve Your Company's Environment and Energy Performance
- Unlocking the Value of Energy & Operational Data
- NAEM 2015 EHS and Sustainability Software Buyers Guide
- Verdantix Green Quadrant for EHS Software
- Smart Companies Utilize Integrated Energy Solutions
- Best Practices in Electricity Procurement
- Let's Do The Math for DR