What: Presentation by Recurve’s Chief Technology Officer McGee Young on Normalized Metered Energy Consumption (NMEC) at the Association of Energy Engineers (AEE) 2019 Conference and Expo.
When and Where: June 5th, 2019 3:30-4:00 pm (TRACK 3)
Santa Clara Convention Center
Santa Clara, CA
McGee Young has experience operationalizing Normalized Metered Energy Consumption (NMEC) and pay-for-performance in multiple states. His insights on this important topic are based in real world experience developing methods and open source code to run actual markets based on NMEC. If you are interested in the future of energy efficiency, don’t miss this presentation!
NMEC holds the potential to fundamentally reshape the way downstream energy efficiency is delivered and the way the utilities in California and other states claim savings from these programs. But as promising as this approach is, implementing it is no panacea.
California's new rules around NMEC set the stage for new technologies and business models to compete with traditional “deemed” savings programs in efficiency markets. Lower cost M&V promises to make programs more cost-effective and increase the scale and penetration of energy efficiency. More aligned incentives allow for better customer experiences and more uptake of energy efficiency investments.
However, NMEC will not automatically provide better ex ante savings predictions. It will not magically erase non-routine events. It probably won’t be able to solve for EUL without a fair amount of further research. There’s a good chance that NMEC will face a reckoning when time-of-use rates roll out later this year. EE will also still need to integrate with other demand side resources like solar, storage, and electric vehicles.
Given these challenges, where can NMEC succeed? How should we move forward with NMEC programs that work and where should we draw the lines? Can we overcome some of the perceived obstacles to successful NMEC? What does the path look like?
Bring your questions!