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CLEMG_Oct 16_Smart Energy UK
- 1. Saint-Gobain Innovation Centre 10 October 2016
- 2. Our Speakers Time Topic Speaker Org/Co 10.05-10.10 Welcome and Scene Set Diana Davidson, Mat Lown CLEMG 10.10-10.15 Intro and Venue Ben Griggs Saint Gobain 10.15 onwards Building Trust Debbie Hobbs & Malcolm Hanna L&G Smart Buildings Naghman Khan IES Smart Networks Meri Braziel Trilliant 11-11.15 BREAK - Tea And Coffee Available 11.15 onwards Smart Energy Management Dave Worthington Verco Smart Cities Frankie Downey C40 Energy Optimisation Richard Tarboton E&Y Smart Data Joel Stark Stark 11.55-Close Summary and Thanks Alex Gilbert CLEMG
- 3. A Welcome From Your Venue H&S
- 4. A Welcome From Your Hosts
- 5. Smart Energy UK: Building investor confidence Mat Lown Partner 10 October 2016
- 6. Key findings of our survey — Awareness is strong and solutions are not seen as too complex or too risky. — Compliance with regulation is a significant driver but policy and regulation is overly complex. — A minority are taking the next step. — No shortage of funding but barriers exist due to length of payback of investments. — Erosion of confidence due to concerns over impartiality of advice provided. — Removal of government incentives has also undermined confidence.
- 7. Legal & General Property Debbie Hobbs – Sustainability Manager Sustainable Property Investment
- 8. Legal & General Property 8 LGIM Real Assets The figures • £20 bn Assets under management • Approx 5,000 tenancy agreements • 2,700 buildings • 120 Employees Embedding sustainability • LGP employees – UKGBC step course on sustainability • Property professionals – 60 Hours, College of Estate Management (CEM) diploma • Sustainability objectives in all property professionals appraisal process • Expect the same commitment from everybody we work with throughout our supply chain ‘’ It is our view that sustainability already sits alongside location, tenant, and building quality as a key factor in real estate’s value and performance’’ Bill Hughes: MD & UKGBC Trustee
- 9. Legal & General Property 9 Responsible Property Investment Framework & Strategy Policy and Objectives - Corporate - LGP - Fund Annual Plans and Targets - Asset Plan - Fund Plan - LGP Plan Monitoring - Data Monitoring - Benchmarking - Reporting Actions - Compliance-EPC - Project Management - Tenant Liaison - ISO14001/Track Record - Green Leases - Training Capital Works and Investment - Sustainability Targets - BREEAM/SKA - SPIP Communication - Corporate - LGP - Fund Report - Quarterly Fund - LGP Annual - L&G Annual Annual Cycle Feedback • Green Leases • Data sharing • Tenant guides • Tenant Handbooks • Building Logbooks • Fit out guide
- 10. Legal & General Property Annual sustainability reporting 10
- 11. Legal & General Property Targets S:PropertySUSTAINABILITYGRESB2016Submitted forms 300616
- 12. Legal & General Property How do you really measure sustainability performance? Need a benchmark to see if a building is preforming in operation – key requirements: • DEC methodology – but better benchmarks • Energy Consumption Guide 19 proportional splits (ECG 19) and BBP Real Estate Environmental Benchmarking (REEB) and to set benchmarks. Luckily both benchmarks are pretty much in alignment. • Landlord and tenant separate benchmarks • Managing agents KPIs and ensures ‘best practise’ is achieved and proven • Asset Managers – Monthly Intensive Care List linked to personal appraisal targets
- 13. VolDEC Smarter Performance Benchmarking Malcolm Hanna, Technical Director, National Energy Foundation Improving the use of energy in buildings
- 16. The issue for Landlords and Tenants • No split between Landlord and Tenant • Cannot show improvements (or not) in what each control • DECs use one benchmark for all offices • Many offices are ‘stuck’ at G
- 17. The VolDEC solution Building Energy Solutions Energy Management, Research & Training Consultancy
- 21. Smarter benchmarking – Live VolDEC Aztec West BMS • Database • Reconciliation • Analysis • Calculations Web based Visual platform
- 22. Smarter benchmarking – Live VolDEC
- 23. Smarter benchmarking – Live VolDEC ELECTRICITY USE 1ST FLOOR AZTEC WEST WHOLE FLOOR First floor Aztec West
- 24. Thank You
- 25. Meri Braziel – Trilliant
- 26. Smart metering- Foundation Rollout
- 27. Trilliant Networks • Smart Grid & Smart Metering Communications Platforms • Globally deployed platform in over 80+ counties • Working with Utilities serving over 100 Million customers • Expertise in communications, interoperability and systems integration • Largest UK SMETS1 technology deployment | 28 Global Customer Base 200+ Awards • IOT Innovation award ’15 & ‘16 • 2015 Smart Grid Platform of the year • Top 50 utility vendor award • US & Global Red Herring 100 Winner • Smart Grid Product of the Year award • Top companies to watch award • Top 20 - CIO Review ‘15 &‘16
- 28. Trilliant Foundation Solution Award wining smart energy communications platform • Head End System • Communications Hub • Direct Access Layer SMETS 1 Compliant Credit Metering Prepayment Metering Change of Supply IHD & CAD Support | 29 Customer Home Home Area Network (HAN) Electricity Gas IHD
- 29. Key Experiences from Foundation • Consumer acceptance and positive consumer experience are critical • Build business strategy for smart metering on solid economic value • Review and redesign of end to end supply chain to Smart Metering equipment delivery- this is complex • Team Sport ! – collaborative approach between technology vendors, retailers, policy makers and regulators | 30
- 30. Key Experiences from Foundation • Standards provide starting point but early in maturity • Comprehensive testing of end to end in the lab is critical • Field evaluation is critical component of ‘Go’ Criteria • Major release timings to find and fix issues for the next release | 31
- 31. Summary • Foundation phase has provided some critical learnings – Customer acceptance, perceptions & communications – End to End Testing cycles & value of field trial – Extent of Business change – Managing the post go-live • What are the next foundation learnings ……. – Scale of foundation is estimated to be upwards of 10MM meters – Enabling a Change of Supply process is key – Lifecycle processes | 32
- 32. www.vercoglobal.comExperts in energy management Presenter’s name: Presented to: Date: Smart energy management p. 33 Dave Worthington CLEMG 10th October 2016
- 33. Driving customer demand is an essential ingredient for the successful take-up of energy efficiency products Customer demand Finance Technical solutions and market capacity Energy Efficiency Products Smart energy managementp.34
- 34. Investment follows desirable products and consumer pull Smart energy managementp.35
- 35. 1. Evidence-based targets matched to implementation resource 2. SMART KPIs 3. Automated data collection and real-time visualisation 4. Automatic system control or data push to users 5. Best practice approach to project development with M&V What is Smart Energy Management? Smart energy managementp.36
- 36. Industry benchmarking data is driving continuous improvement Smart energy managementp.37 Source: GRESB
- 37. Simple operational rating across Australia leads to 32% reduction in CO2 emissions over eight years and £9/sq ft premium p.38 Smart energy management
- 38. Contextual Factors Asset performance data allows benchmarking and prioritisation Smart energy managementp.39 Tier Asset 1 1 Office street Blues shopping centre … 2 … … … 3 …
- 39. Open-source project data is improving confidence and sharing best practice Smart energy managementp.40 Source: The Curve
- 40. Opportunity data allows evidence-based target setting Smart energy managementp.41 0 1 2 6 38 -4 -3 -2 -6 -1 3.0 2.75 2.50 2.25 1.752.0 1.5 -24 -10 -9 Operational Capital Process Change Opex Saving ~$30m Investment Required ~$20m Opex Saving ~$10m Investment Required ~$30m Abatement curves can show: • The potential abatement possible • How that can compare to targets • The type of opportunity possible
- 41. Building management apps are making the invisible visible and identifying co-benefits Smart energy managementp.42 Source: Demand Logic
- 43. IREE ensures transparency, consistency and trust-worthiness through best practice and independent verification IREE is the quality mark like BREEAM or LEED but for a building retrofit project Smart energy managementp.44
- 44. Refurbish/ redevelop Funding Construction Acquisition Occupation Equipment replacement Smart energy management enables a virtuous cycle of building energy performance management Smart energy managementp.45 Best available technology replacement Aggregate with other projects and consider EPC Soft landings, AFD and M&V Design for performance Operational Performance Verification Demand evidence of operational performance
- 45. Thanks for listening and any questions? Dave Worthington Managing Director m: +44 (0)7786 510 792 e: dave.worthington@vercoglobal.com Verco — Experts in energy management www.vercoglobal.com ISO9001 certificate number FS 558184 | ISO14001 certificate number EMS 562493 | Registered with BSI
- 46. Frankie Downey – C40
- 47. LONDON, OCTOBER 2016 C40 CITIES CLIMATE LEADERSHIP GROUP PRIVATE BUILDING EFFICIENCY NETWORK
- 48. C40 CITIES CLIMATE LEADERSHIP GROUP The world’s leading megacities working together to tackle climate change
- 49. 50 C40 networks help cities replicate, improve and accelerate climate action. ADVANCE CONNECT INFLUENCE INSPIRE ADAPTATION & WATER Climate Risk Assessment Connecting Delta Cities Cool Cities ENERGY District Energy Private Building Efficiency Municipal Building Efficiency FINANCE & ECONOMIC DEVELOPMENT Green Growth Sustainable Infrastructure SOLID WASTE Sustainable Waste Systems Waste To Resources SUSTAINABLE COMMUNITIES Food Systems Land-Use Planning Low-Carbon Districts Transit Oriented Development TRANSPORTATION Bus Rapid Transit Low Emission Vehicles Mobility Management C40 CITIES CLIMATE LEADERSHIP GROUP
- 50. 51 C40 CITIES CLIMATE LEADERSHIP GROUP Cities getting SMART: New York FOUR LAWS in 2008: One for all buildings: • NYC Energy Conservation code Three for large buildings: • Energy and water benchmarking • Energy Audits and Retro-commissioning • Lighting upgrades and sub-metering
- 51. 52 C40 CITIES CLIMATE LEADERSHIP GROUP Cities getting SMART Nearly every building will need to complete a deep energy retrofit
- 52. 53 C40 CITIES CLIMATE LEADERSHIP GROUP Cities getting SMART: Yokohama • 4,200 HEMS • 37 MW solar • 2,300 electric vehicles • 15.2% demand reduction in households • 22.8% demand reduction in non- domestic buildings
- 53. FOLLOW US C40.org Thank you for your time Frankie Downy fdowny@c40.org
- 54. Richard Tarboton – E&Y
- 55. Energy Efficiency Energy Optimisation and Energy Efficiency Financing
- 56. EY’s 3D Energy Strategy 57 EY Energy Optimisation - Strictly Confidential Have your energy reductions flat-lined? Does shifting peak load stack up? To hedge or not to hedge? Many corporates are already delivering some level of Price strategy to source lower cost energy. However, to maximise energy savings, exploit the full opportunity and become sector lenders, the Volume and Time dimensions are essential. EY’s vision is to help clients transform into energy optimising organisations across the 3 dimensions of price, volume and time
- 57. Six key themes characterise the leading organisations in energy strategy Trends in energy strategy SMART Leaders prevent degradation of controls £££ FINANCE Leaders unlock external funding for long term investments TIME Leaders actively manage peak price £ EXECUTION Leaders shift from target setting to execution GLOBAL Leaders prioritise energy investments globally COMPLIANCE Leaders shift from tick box to implementation
- 58. 7 Key Success Factors for EE Projects Energy Efficiency Success Factors 59EY Energy Optimisation - Strictly Confidential Cost Reductions Well Delivered Pilots (with Measurements) Good Financial Incentives (improvements needed to CRCs and ECAs) Integrated StrategySponsorship at Board Level Knowledge in Supplier Selection Strong Business Case Long Term Investment Appetite
- 59. 7 potential barriers and solutions EE Financing: Barriers and Potential Solutions 60EY Energy Optimisation - Strictly Confidential Size Verification PaymentMechanism Barrier Solution • Project size too small • Reduced opportunities for large ticket size investors • Less efficient use of time vs money • Bundle/Wrap Projects • e.g. Vertical/Horizontal implementation across 5 year time horizon • Difficulty of achieved savings valuation • Third party Independent verification • E.g. Energy Efficiency Verification Specialists (EEVS), CSA Group, Energy Saving Trust • Agreement on payment mechanism structure • Simplicity of structure is key • 2 Options: 1) % of savings achieved – e.g. x% of savings achieved; or 2) Proportion of power used – e.g. £50p/kWh of power saved
- 60. 7 potential barriers and solutions EE Financing: Barriers and Potential Solutions 61EY Energy Optimisation - Strictly Confidential Time and Process Standards Barrier Solution • Long decision making process for both Corporate and Investor • Participation in EE financing frameworks • e.g. RE:FIT framework structure • Use of advisors as independent Project Managers • Accounting standards govern treatment of Project • On Balance Sheet vs Off Balance Sheet • Key standards – IFRS 4, IFRC 4 • Key Off B/S requirement – contingency payments • Use of accounting experts Stakeholders Trust • Multiple stakeholders • Varying decision making process for different Corporates • Key decision maker – CFO of Corporates • Understanding of each Corporates structure and line of decision making • High degree of trust required between Corporate, Investor and Contractors • Implementation of Warranties/Guarantees • Independent advisor Certification
- 61. EY | Assurance | Tax | Transactions | Advisory Ernst and Young LLP © Ernst and Young LLP. Published in the UK. All Rights Reserved. ED None The UK firm Ernst and Young LLP is a limited liability partnership registered in England and Wales with registered number OC300001 and is a member firm of Ernst and Young Global Limited. Ernst and Young LLP, 1 More London Place, London, SE1 2AF. ey.com
- 62. Smart Settlements and Smart Data: How Data Collectors Can Empower Energy Managers Joel Stark | 10 October 2016
- 63. Changes to metering and settlements mean getting the right data partner is essential This presentation aims to: Show how regulation is driving a transformation of metering and settlements Demonstrate how a strong data partner can help
- 64. About Stark Leading independent energy data and services provider Accredited Half Hourly and Non Half Hourly Data Collector Process over 10% of UK’s electricity consumption every day Validate 400 million data points per month 27,000 users of SavenergyOnline analytics platform
- 65. Storage Renewable Generation Demand Management Advanced and Smart Metering Half Hourly Settlement Sources of System Flexibility The goal: a flexible, low carbon energy system
- 66. 2017 Elective Half Hourly Settlement of Smart Meters 2018 System in Place for Mandatory Settlement Smart Meters 2014 Advanced Metering for Profile Class 5-8s 2016 Smart Meter Rollout Begins 2020 Smart Meter Rollout Complete? P272: Advanced Meters To Mandatory Half Hourly Settlement 2015 - 2017 Raft of metering and settlements regulation Metering & Settlements Regulatory Milestones, 1996-2020 Half Hourly Settlement of Largest Supplies 1996
- 67. P272: The benefits case Lower commodity costs Transparency: Supply Capacity Charges Distribution Charges Triad Time of use tariffs to shift consumption or reduce demand Consumption data to empower organisations
- 69. Night Day rate 1 DUoS Red DUoS Amber 2 part tariff 2 part tariff with DUoS Day rate 2 Day rate 3 Cost Profile Post-P272 30% of costs between 16.30 – 18.30
- 70. 175,000 complete by 1st APRIL 2017 However, P272 timescales are extremely tight
- 71. Programme is struggling to deliver Source: Elexon PAB188/05 – Supplier Migration Update, 29 Sep 2016; Stark analysis Run-rate implies seriously off- track
- 72. 40 DAYS TO COLLECT 99% DATA 400 DAYS TO COLLECT 97% DATA A revolution in data quality is required
- 73. Not all Data Collectors can deliver Data Performance at SF, Stark vs. Industry Source: Elexon, September 30 2016; Stark data 84 86 88 90 92 94 96 98 100 21 Feb 28 Feb 06 Mar 13 Mar 20 Mar 27 Mar 03 Apr 10 Apr 17 Apr 24 Apr 01 May 08 May % Actual Reads Stark HH Stark P272 Industry P272
- 74. P272: The risks for consumers Upheaval to metering arrangements Meter replacements Changing Meter Agents Disruption to customers’ data, energy management platforms and billing Bill shock: ASC, DUoS, Triad, MOP DC DA
- 75. Take control! Don’t wait Avoid default Supplier arrangements – for both tariffs and Agents Work with data service providers that can deliver the benefits – data quality matters Take advantage of next generation analytics tools Action Plan
- 76. Thank You
- 77. THANKS … … NOW LET’S EAT (a low energy lunch)