Consolidated Edison Technology-based reverse auction program
2018 Program year
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