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Accuracy of automated measurement and verification (M&V) techniques for energy savings in commercial buildings

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  • Granderson, Jessica
  • Touzani, Samir
  • Custodio, Claudine
  • Sohn, Michael D.
  • Jump, David
  • Fernandes, Samuel

Abstract

Trustworthy savings calculations are critical to convincing investors in energy efficiency projects of the benefit and cost-effectiveness of such investments and their ability to replace or defer supply-side capital investments. However, today’s methods for measurement and verification (M&V) of energy savings constitute a significant portion of the total costs of efficiency projects. They also require time-consuming manual data acquisition and often do not deliver results until years after the program period has ended. The rising availability of “smart” meters, combined with new analytical approaches to quantifying savings, has opened the door to conducting M&V more quickly and at lower cost, with comparable or improved accuracy. These meter- and software-based approaches, increasingly referred to as “M&V 2.0”, are the subject of surging industry interest, particularly in the context of utility energy efficiency programs. Program administrators, evaluators, and regulators are asking how M&V 2.0 compares with more traditional methods, how proprietary software can be transparently performance tested, how these techniques can be integrated into the next generation of whole-building focused efficiency programs.

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  • Granderson, Jessica & Touzani, Samir & Custodio, Claudine & Sohn, Michael D. & Jump, David & Fernandes, Samuel, 2016. "Accuracy of automated measurement and verification (M&V) techniques for energy savings in commercial buildings," Applied Energy, Elsevier, vol. 173(C), pages 296-308.
    • Handle: RePEc:eee:appene:v:173:y:2016:i:c:p:296-308
    DOI: 10.1016/j.apenergy.2016.04.049
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    References listed on IDEAS

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    1. Zhao, Hai-xiang & Magoulès, Frédéric, 2012. "A review on the prediction of building energy consumption," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 3586-3592.
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    4. Granderson, Jessica & Price, Phillip N., 2014. "Development and application of a statistical methodology to evaluate the predictive accuracy of building energy baseline models," Energy, Elsevier, vol. 66(C), pages 981-990.
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    Cited by:

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    6. Grillone, Benedetto & Danov, Stoyan & Sumper, Andreas & Cipriano, Jordi & Mor, Gerard, 2020. "A review of deterministic and data-driven methods to quantify energy efficiency savings and to predict retrofitting scenarios in buildings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 131(C).
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    14. Baltuttis, Dennik & Töppel, Jannick & Tränkler, Timm & Wiethe, Christian, 2020. "Managing the risks of energy efficiency insurances in a portfolio context: An actuarial diversification approach," International Review of Financial Analysis, Elsevier, vol. 68(C).
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    16. Granderson, Jessica & Fernandes, Samuel & Touzani, Samir & Lee, Chih-Cheng & Crowe, Eliot & Sheridan, Margaret, 2020. "Spatio-temporal impacts of a utility’s efficiency portfolio on the distribution grid," Energy, Elsevier, vol. 212(C).
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    18. Grillone, Benedetto & Mor, Gerard & Danov, Stoyan & Cipriano, Jordi & Sumper, Andreas, 2021. "A data-driven methodology for enhanced measurement and verification of energy efficiency savings in commercial buildings," Applied Energy, Elsevier, vol. 301(C).

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