Consolidated Edison Technology-based reverse auction program

Project Details

• Location: New York

• Project Savings to Date: 2,689,087 kWh

• Additional Pipeline Savings in Implementation: 3,061,498 kWh

• Total Incentive Funding Utilized in 2018: $351,935

• Project Sites: 25 Properties

• Total Awardee Funding Available in 2018: $2.8 Million

Our Services

• Program Design and Guidelines

• Marketing and Outreach

• RFQ Response Review and Approval

• Online Auction Platform

• Project Implementation Tracking

Overview:

• The Consolidated Edison Energy Efficiency (EE) Auction used an online reverse auction to determine rebate values at a price per kWh

• The EE auction was technology specific, with pre-qualified bidders submitting large scale variable frequency drive (VFD) and elevator specific projects prior to the auction

• Additional incentive funding was available to auction participants who did not place a winning bid at a competitive “Buy Now” rate

Results:

• The EE Auction delivered 2,689,087 kWh of savings during the 2018 calendar year

• Pipeline projects launched in 2018 during the ConEd EE Auction are anticipated to deliver an additional 3,061,498 kWh of savings by the end of 2020