Abstract
ABSTRACT It is in some ways a strange curiosity that the “micro-profession” of measurement and verification has generally ignored the financial side of the question of demonstrating the performance of an energy retrofit project. That is, a component which is conspicuously absent from the International Performance Measurement and Verification Protocol (IPMVP) is any treatment of the conversion of units of energy into dollars saved or costs avoided. It is an unfortunate omission, as conspicuous as the “missing man” in a formation flyover at a memorial service. This article attempts to fills that hole in the IPMVP by addressing at least five different treatments of establishing a realistic dollar value for the units of energy saved in a performance contract and which are potentially being documented in a measurement and verification process.
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