Home

iiec name

Leading the Transition to Clean Energy

Featured Stories


PEEP2 Success Stories

Under the Promoting Energy Efficiency in the Pacific - Phase 2 (PEEP2) Project, IIEC implemented 34 EE projects following ADB procurement guidelines.. Read more...


NAMA in Mongolia

IIEC completed a project to provide advisory services on Climate Finance in Mongolia. Read more...


Asia Pacific Urban Energy Association (APUEA)

An initiative of IIEC, supported by Euroheat & Power, the Danish Board of District Heating, ADB, and UN Environment.Read more...


EXECUTIVE SUMMARY



Public Service Electric & Gas Company’s Standard Offer program is a revolutionary program for many reasons. First and foremost, rather than paying customers for energy savings either using prescriptive or custom rebates, the Standard Offer pays customers set amounts for actual energy savings at specific periods. Thus savings during summer peak periods for electricity, and during winter peak periods for gas, are rewarded at higher levels than savings during off-peak periods. Essentially, the Standard Offer is uniquely tailored to the needs of PSE&G and its customers.



A second prominent feature of the program is that savings must be verified in order to be eligible for incentives. The New Jersey Board of Public Utilities, along with utilities and other parties in the state, worked together to develop one of the nation’s most comprehensive and rigorous verification protocols. Just as the output of power plants can be measured and verified within one or two basis points plus or minus, demand-side management savings in New Jersey must meet similar criteria, assuring the utility and its ratepayers energy and capacity savings that not only match its load profile but fulfill a similar level of confidence that has become expected on the supply-side.



A third feature of the program relates to its organization and structure. Virtually any customer, energy service company, or third party can earn Standard Offer payments for measured savings. To facilitate this process, PSE&G was allowed by the New Jersey Board of Public Utilities to set up a subsidiary, Public Service Conservation Resources Corporation (PSCRC), to operate with a dual mission. First, PSCRC was created to foster a competitive environment for energy services within PSE&G’s service territory by providing financing for efficiency retrofits. Second, PSCRC was allowed to earn profits through its investments in energy efficiency services -- which in turn flow to the company’s shareholders -- without directly performing retrofits but instead by hiring third parties to do the actual work.



In addition to providing financing for a range of energy service companies, PSCRC aggregates customers too small to apply directly to PSE&G for payments. It also works in hard-to-reach market segments such as schools and multi-tenant commercial situations. Like other participants in the program, PSCRC delivers energy efficiency services to customers and is then paid for savings by PSE&G through the Standard Offer mechanism. PSCRC earns a profit for its parent utility by delivering savings at costs below the Standard Offer prices and competing with private energy service companies in the open market. The result of each of these unique factors has been one of the largest DSM programs in the country, with literally hundreds of millions of dollars on the table.

 



[CLICK HERE TO DOWNLOAD THE ENTIRE 24 PAGE PROFILE IN PDF FILE FORMAT]


This profile was produced by
 

IIEC Profile

Our Vision & Values

Our Vision & Values

Our vision is to accelerate the promotion of sustainable energy and environmental programs in developing countries and countries in transition.  Our unique values are strived to provide sustainable solutions with proven technical capabilities, implement with wealth of practical and international experience in Asia and Pacific regions. Read more...

Our Niche & Strengths

Our Niche & Strengths

IIEC works on-the-ground, through multi-disciplined staff and partners, with governments and the private sector to implement energy efficiency and renewable energy programs and projects.  Read more...
 

Our Capabilities

Our Capabilities

Specific services provided by IIEC to its clients include: DSM/EE Implementation & Evaluation; Development & Implementation of EE Standards and Labeling Programs; Renewable Energy Project Planning & Implementation; Clean Energy Finance Design; and Implementation of Energy Efficient Buildings  Read more...
 

Our Major Clients

Our Major Clients

IIEC’s major clients include the World Bank, the Asian Development Bank (ADB), the United Nations Environment Programme (UNEP) and the United Nations Development Programme (UNDP) etc.  Read more...
 

Our Offices

Offices

IIEC operates through its offices in India, Thailand and Philippines.  Read more...
 

Our Team

Our Team

IIEC has full time local staff in each of its offices that are well placed to contribute to programs due to their extensive exposure to energy, transport and environmental activities in the region and their understanding of cultural issues relevant to the countries.  Read more...
 

Our Board

Board of Directors

IIEC’s Board of Directors is comprised of nine members, who are dedicated to providing strategic guidance to the organization as it advances its goal to promote sustainable and efficient energy use in developing nations and economies in transition.  Read more...
 

E-NOTES NEWSLETTER

IIEC has published e-Notes Newsletters available on-line here. If you want to stay informed about our activities, please email us your contact information at e-notes @iiec.org.