Aggregator Handbook
Use our digital handbook to find out how the FLEXmarket works, estimate project value, understand performance, and get paid.
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HANDBOOK MENU
Use our digital handbook to find out how the FLEXmarket works, estimate project value, understand performance, and get paid.
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EstimationAnnual Savings
Estimates Once you know that a customer site is eligible for FLEXmarket projects and you have your preliminary scope of work, you will want to estimate the value that you will earn for implementing a project at the site. To accomplish this, you'll need a few inputs including, can use the Project Value Estimator (PVE) tool (only available to FLEXmarket aggregators - not a part of our network? No problem, create a profile and get started). The PVE tool varies by market, so you will want to navigate to the market specific page from the top menu. On the right hand side of the market specific page, under the prospecting tab, you will find the link to the PVE tool. Load Shapes
Aggregator payments are based on measured performance, and the load shape is used to arrive at an hourly kWh value that is then paired with the hourly avoided cost curve to help forecast project value. Measured savings can and will deviate from the deemed load shape. Definitions
Example: Insulating an attic will reduce heating and cooling load, so its resource curve will be a reduction in energy usage that varies based on the times the HVAC system is running. Project Payment
Parameters Project Payment Parameters include: Program Admin Costs A portion of project value is allocated towards general program oversight with two components:
Attainable Value Cap
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PerformanceTotal Realized
Hourly Savings Actual site savings adjusted by population comparison group. Total Project
Grid Value The Recurve Platform tracks the savings of every aggregators projects monthly both at a site, then for payment at the portfolio. Aggregators can track their projects savings in their instance of the Recurve Fleet Manager and valued via Flex Ledger. All Calculations are open-source with market rules guided by the CPUC Normalized Metered Energy Consumption CPUC rulebook. Aggregators are paid for the measured grid value at the meter, so projects that maximize summer peak reductions will be the most valuable. |
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PaymentActual aggregator
payment Payments will be made at fixed quarterly intervals established in the program rules and are based on each aggregator’s project portfolio that is “active for payment”. Projects become “active for payment” after the value generated exceeds participant costs (as applicable) and marketplace management costs for the project associated with the forecasted savings. Payments are paid in full at the end of the first full year in operation. In addition, 10% of measured project value will be withheld each quarter to provide a safety factor in regards to seasonality. As projects complete the full 12 month measurement period, aggregators will be compensated with a “true-up” payment in the following quarterly payment cycle that will release owed funds. A visualization of payment cadences is shown in the figure below. |
Project Value EstimationProject value estimation is key to aggregator success in the FLEXmarket program. If a project is overvalued/underperforms, the Program Admin Costs will represent a higher proportion of the Realized Project Value. A project can produce the same Realized Project Value, but depending on the Estimated Project Value, Aggregator Payment can vary. Remember, estimate the value of your projects as accurately as possible.
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