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

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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

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  • Custom online auction used to determine rebate values at a price per kWh

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  • Technology-specific online auctions to determine rebate values

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  • Customer incentive awards available from $25,000 to over $1,000,000

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Results:

  • The B4E Auction delivered 28.1 GWh of savings during the 2018 calendar year

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  • 2014-2018 Program Savings: 152.4 GWh

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  • $0.033/kWh average incentive rate

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