IMPORTANT NOTICE:
As of May 1, 2022, Overlay Consulting will be redirected to our new company website Touchstone IQ.
Contact info@touchstoneiq.com with any questions. Can't wait? Visit our new site here
AEP OHIO
Spring 2013 - Current
Project Details
-
Location: Ohio
-
2018 Program Savings: 28.2 GWh
-
2014-2018 Program Savings: 152.4 GWh
-
$0.033/kWh average incentive rate
Overlay Services
-
Program Design and Implementation
-
Custom Online Reverse Auction Platform
-
Marketing and Outreach
-
RFQ Response Review and Approval
-
Post-auction project implementation oversight
Overview:
-
The AEP Ohio Bid4efficiency Reverse Auction has continued to deliver diversified commercial and industrial incentives through a competitive online reverse auction since 2014
-
Custom online auction used to determine rebate values at a price per kWh
-
Technology-specific online auctions to determine rebate values
-
Customer incentive awards available from $25,000 to over $1,000,000
Results:
-
The B4E Auction delivered 28.1 GWh of savings during the 2018 calendar year
-
2014-2018 Program Savings: 152.4 GWh
-
$0.033/kWh average incentive rate
