We bring to you the 2nd edition of the #AIRSeries (Ask, Innovate and Reduce), a step to create an ecosystem of sharing and exchanging thoughts about Energy Efficiency.
We will continue hosting Twitter chats and LinkedIn Q&A series with thought leaders and we would invite them to share their experiences, analysis, and thoughts on segments in which they are the master of.
The second edition of the #AIRSeries had @GoldenMatt, CEO of Open Energy Efficiency, an entrepreneur, policy advocate and efficiency agitator join us for the Twitter chat session on topics covering ‘Utilization of Smart Metering Infra, Opening up the data for Utilities and more’ from 9 AM — 10 AM IST / 1:30 PM — 2:30 PM AEST on 24th August, 2018.
In case you missed the chat. Check it out here!
Efficiency has some of the greatest potential to address climate change, however, while some call it low hanging fruit, it’s more like a field of wild strawberries than peaches. I guess I like a challenge.
— Matt Golden (@goldenmatt) August 24, 2018
As we decarbonize the grid, the need for demand flexibility will only increase as a means to balance renewables, and reduce the need for grid infastructure.
— Matt Golden (@goldenmatt) August 24, 2018
There are no barriers. We have the data and means to measure time and location today. In fact, it's already happening. We have the means to measure the impact using AMI data and the CalTRACK methods (https://t.co/85kW7NO2v6).
— Matt Golden (@goldenmatt) August 24, 2018
We are already working with utilties in the US to deploy pay-for-performance programs based on a price signal that includes time, and are supporting non-wires alternatives that leverage time and locational EE as resource.
— Matt Golden (@goldenmatt) August 24, 2018
Regulators need to give EE access to play in the same markets as other resources. The boost is the full market value of the many benefits we are providing. Not against a regulatory cost test, but relative to the marginal costs of the alternatives.
— Matt Golden (@goldenmatt) August 24, 2018
Rebates and subsidies are a trap. Instead, we need to get paid for the value we provide not just to building owners, but to the grid and climate. I believe EE can and will compete, but if it can't… then that's the answer.
— Matt Golden (@goldenmatt) August 24, 2018
We have been delivering energy efficiency through programs and command and control, based on deemed averages, and regulations. It got us a long ways, and it was the best we could do with the technology and data of the day.
— Matt Golden (@goldenmatt) August 24, 2018
But to scale, we need to enable innovation and align risk and rewards. We need to make energy efficiency work like every other market. We need to stop calling EE a resource and make it behave like one.
— Matt Golden (@goldenmatt) August 24, 2018
We need to embrace this evolution.
— Matt Golden (@goldenmatt) August 24, 2018
There are overarching government policies that drive the clean energy transition. Carbon goals and renewable portfolio standards are creating new and expensive load shape problems — energy efficiency if done wisely is one of the lowest cost and most plentiful solutions.
— Matt Golden (@goldenmatt) August 24, 2018
If we can value efficiency and its benefits as a grid and carbon resource, then we merely need access to resource markets, and a price signal to drive behavior. The uber of EE will come from brutal competition and innovation, not from consultants or regulators.
— Matt Golden (@goldenmatt) August 24, 2018
Metered savings is really just a transparent and replicable way to generate a weather and occupancy adjusted counterfactual. Its the routine savings part of IPMVP Option C. The innovation is that the methods and open-source code mean calculations are replicable by all parties.
— Matt Golden (@goldenmatt) August 24, 2018
In larger portfolios, one can wash out most exogenous events through large numbers — and because adjustments trend towards an overprediction bias (only the bad stuff tends to get "fixed") it is often a more realistic value.
— Matt Golden (@goldenmatt) August 24, 2018
However, using open and transparent methods to get to routine savings makes sense in all cases. Here is a blog that lays this out in a bit more detail: https://t.co/MQ3d2z4cFz
— Matt Golden (@goldenmatt) August 24, 2018
Can adhering to #metered savings and leveraging data reduce M&V costs? And is the market ready for it? @goldenmatt #AIRSeries. @UmeshBhutoria #energyefficiency pic.twitter.com/bOG1bO2tAL
— EnergyTech Ventures (@entechventures) August 24, 2018
We have lived in a world of either deemed averages, that drive a race to the bottom, and custom engineering, that is simply too costly to scale, and too unpredictable to finance.
— Matt Golden (@goldenmatt) August 24, 2018
Metered efficiency is like pumping gas. You know you are getting a gallon, because we have a common definition, and regulators can certify the meter on the pump.
We certify the meter, and then anyone can run it, and get the same answer… cost plummet and barriers fall.
— Matt Golden (@goldenmatt) August 24, 2018
If a customer gets a high-efficiency AC unit as a lower price, because the utility pays for the mutual grid benefit (rather than the building owner out of their pocket), then consumers win.
— Matt Golden (@goldenmatt) August 24, 2018
If we can solve for load balancing, and T&D issues at a lower cost to ratepayers using demand flexibility, than investing in more supply, than everyone wins through lower rates.
— Matt Golden (@goldenmatt) August 24, 2018
If a customer can manage their energy consumption (or contract with a party that will do it for them) to arbitrage a retail time of use rate signal – then they win and so does the utility.
— Matt Golden (@goldenmatt) August 24, 2018
I think there is awesome work being done in many areas. Behind the meter building optimization and IoT, grid analytics, customer targeting, and of course impact valuations (close to my heart).
— Matt Golden (@goldenmatt) August 24, 2018
It's hard to say what is the most exciting. There is no single answer, and all of these new approaches need to succeed if we are to achieve scale.
— Matt Golden (@goldenmatt) August 24, 2018
I believe that the grid stops at the meter. There will be a huge range of innovations in technology, analytics, and business models to manage demand behind the meter… and only time will tell what solutions will drive demand and energy results.
— Matt Golden (@goldenmatt) August 24, 2018
It was indeed a very insightful session from Matt, we hope you liked it!
