www.fire-italia.org White certificates Dario Di Santo, FIRE

Workshop Agesi - Efiees 6th December 2013, Milano

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You����������� ������������������  need����������� ������������������  FIRE!

www.fire-italia.org

The Italian Federation for the Rational use of Energy is a no-profit association that promotes energy efficiency, supporting energy manager, ESCos and other companies dealing with energy.

Besides the activities directed to its nearly 500 members, FIRE operates under an implementing agreement with the Ministry of Economic Development to manage the Italian energy manager network since 1992.

In order to promote energy efficiency FIRE cooperates and deals with public authorities, energy technology and service companies, consultants, medium and large consumers, universities and associations to promote best practices and improve the legislation.

FIRE

www.fire-italia.org

EGE certification Energy Management Experts

UNI CEI 11339

www.secem.eu Gestione Energia magazine

www.fire-italia.org

FIRE activities and projects

!3

www.hreii.eu/demo www.enforce-een.eu

www.ener-supply.eu

www.soltec-project.eu

www.esd-ca.eu

Among closed projects: - www.e-quem.enea.it - www.eu-greenlight.org - www.enerbuilding.eu - Eurocontract - ST-Esco

Besides to dedicated meetings, FIRE organises the Enermanagement conference, workshops, and training courses. It implements dissemination campaigns, surveys, market analysis and studies. Among the subjects with which FIRE has cooperated there are ENEA, GSE, RSE, large companies, universities, associations, agencies and trade fairs organizers.

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WhC and EED

The scheme

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!4

Energy efficiency 2012/27/EU directive

Art. 7 1. Each Member State shall setup an energy efficiency obligation scheme. That scheme shall ensure that energy distributors and/or retail energy sales companies that are designated as obligated parties under paragraph 4 operating in each Member State’s territory achieve a cumulative end-use energy savings target by 31 December 2020, without prejudice to paragraph.

2. That target shall be at least equivalent to achieving new savings each year from 1 January 2014 to 31 December 2020 of 1,5 % of the annual energy sales to final customers of all energy distributors or all retail energy sales companies by volume, averaged over the most recent three-year period prior to 1 January 2013. The sales of energy, by volume, used in transport may be partially or fully excluded from this calculation.

9. As an alternative to setting up an energy efficiency obligation scheme under paragraph 1, Member States may opt to take other policy measures to achieve energy savings among final customers, provided those policy measures meet the criteria set out in paragraphs 10 and 11. The annual amount of new energy savings achieved through this approach shall be equivalent to the amount of new energy savings required by paragraphs 1, 2 and 3. Provided that equivalence is maintained, Member States may combine obligation schemes with alternative policy measures, including national energy efficiency programmes.

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WhC and EED

The scheme

The results

EEOs around the world

Source: IEA Best Practices in Designing and Implementing Energy Efficiency Obligation Schemes 2012.

!5

118

Best Practices in Designing and Implementing Energy Efficiency Obligation Schemes

Design Parameter Denmark France Italy

Policy Objectives

Legal Authority

Fuel Coverage

Sector and Facility Coverage

Energy Saving Target

Sub-targets and Portfolio Requirements

Obligated Parties

Compliance Regime

Penalty

Performance Incentives

Eligible Energy Savings

Eligible Energy Efficiency Measures

Measurement, Verification, and Reporting

Trading of Energy Savings

Funding

To decrease total energy consump-tion by 2% in 2012 and 4% in 2020

Voluntary agreements by obligated parties within a legislative framework

Electricity, natural gas, district heating; and heating oil

Residential, public, private business, and energy-intensive industry end-users

2.95 PJ for 2006-2009 (0.7% of consumption); 6.1 PJ for 2010-2012 (1.2% of consumption)

None

Distributors of electricity, natural gas, district heating, and heating oil

Energy savings must be well documented and they must be verifiable by an independent party

EUR 0.1 per kWh of shortfall; pos-sibility for distributor to lose license

Weighting factors for longer lifetime energy efficiency measures

Distributors must engage third parties to achieve energy savings within own or any other energy type except for transport

Many types, including energy audits, targeted information, subsidies for efficient appliances and equipment; also small scale renewables

Distributors verify and report savings; can be calculated or deemed savings

Energy savings may only be traded among obligated energy distributors

Cost recovery through tariffs

To realise the available potential of energy efficiency in France

Combination of legislation and regulation

All fuels, including district heating and cooling and transport fuels

Residential and commercial buildings, manufacturing industries, networked industries, transport, and agriculture

54 TWh cumac for July 2006 to June 2009; 345 TWh cumac for January 2011 to December 2013

90 TWh cumac for transport fuels

Energy retailers that sell the covered fuels to end consumers

Surrender of energy efficiency certificates; banking is allowed for up to nine years

EUR 0.02/kWh lifetime final energy shortfall

None

Savings can be produced by obligated parties, local authorities, and social housing landlords

Standardised and non-standardised measures plus contributions to programmes targeting fuel poverty, education, or innovation

Deemed savings for standardised measures; regulatory approval required for others

Over-the-counter trading of energy efficiency certificates

Cost recovery through tariffs is possible but has yet to be allowed

To serve as the primary driver for end-use energy efficiency

Combination of legislation and Ministerial Decrees

Electricity and natural gas

All sectors including transport, and all end-uses including small-scale co-generation and photovoltaics

2.2 Mtoe cumulative in 2008; increasing to 6.0 Mtoe cumulative in 2012

None

Distributors of electricity and natural gas

Surrender of energy efficiency certificates; one-year grace period before penalty is assessed if at least 60% of target is met

EUR 25,000 to 155 million assessed on case-by-case basis

Possible 5% premium over achieved savings

Savings can be produced by obligated distributors and accredited energy service providers

Preapproved list of measures with deemed energy saving values plus other measures assessed on a case-by-case basis

Deemed savings, partial on-field measurement, or measures subject to preapproval

Trade of energy efficiency certificates through over-the-counter market or spot market

Fixed contribution to cost recovery through a tariff contribution; transport measures not eligible for cost recovery

118

Best Practices in Designing and Implementing Energy Efficiency Obligation Schemes

Design Parameter Denmark France Italy

Policy Objectives

Legal Authority

Fuel Coverage

Sector and Facility Coverage

Energy Saving Target

Sub-targets and Portfolio Requirements

Obligated Parties

Compliance Regime

Penalty

Performance Incentives

Eligible Energy Savings

Eligible Energy Efficiency Measures

Measurement, Verification, and Reporting

Trading of Energy Savings

Funding

To decrease total energy consump-tion by 2% in 2012 and 4% in 2020

Voluntary agreements by obligated parties within a legislative framework

Electricity, natural gas, district heating; and heating oil

Residential, public, private business, and energy-intensive industry end-users

2.95 PJ for 2006-2009 (0.7% of consumption); 6.1 PJ for 2010-2012 (1.2% of consumption)

None

Distributors of electricity, natural gas, district heating, and heating oil

Energy savings must be well documented and they must be verifiable by an independent party

EUR 0.1 per kWh of shortfall; pos-sibility for distributor to lose license

Weighting factors for longer lifetime energy efficiency measures

Distributors must engage third parties to achieve energy savings within own or any other energy type except for transport

Many types, including energy audits, targeted information, subsidies for efficient appliances and equipment; also small scale renewables

Distributors verify and report savings; can be calculated or deemed savings

Energy savings may only be traded among obligated energy distributors

Cost recovery through tariffs

To realise the available potential of energy efficiency in France

Combination of legislation and regulation

All fuels, including district heating and cooling and transport fuels

Residential and commercial buildings, manufacturing industries, networked industries, transport, and agriculture

54 TWh cumac for July 2006 to June 2009; 345 TWh cumac for January 2011 to December 2013

90 TWh cumac for transport fuels

Energy retailers that sell the covered fuels to end consumers

Surrender of energy efficiency certificates; banking is allowed for up to nine years

EUR 0.02/kWh lifetime final energy shortfall

None

Savings can be produced by obligated parties, local authorities, and social housing landlords

Standardised and non-standardised measures plus contributions to programmes targeting fuel poverty, education, or innovation

Deemed savings for standardised measures; regulatory approval required for others

Over-the-counter trading of energy efficiency certificates

Cost recovery through tariffs is possible but has yet to be allowed

To serve as the primary driver for end-use energy efficiency

Combination of legislation and Ministerial Decrees

Electricity and natural gas

All sectors including transport, and all end-uses including small-scale co-generation and photovoltaics

2.2 Mtoe cumulative in 2008; increasing to 6.0 Mtoe cumulative in 2012

None

Distributors of electricity and natural gas

Surrender of energy efficiency certificates; one-year grace period before penalty is assessed if at least 60% of target is met

EUR 25,000 to 155 million assessed on case-by-case basis

Possible 5% premium over achieved savings

Savings can be produced by obligated distributors and accredited energy service providers

Preapproved list of measures with deemed energy saving values plus other measures assessed on a case-by-case basis

Deemed savings, partial on-field measurement, or measures subject to preapproval

Trade of energy efficiency certificates through over-the-counter market or spot market

Fixed contribution to cost recovery through a tariff contribution; transport measures not eligible for cost recovery

The main consideration is that every country has adopted different incentive strategies, making any confrontation an hard task.

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WhC and EED

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!6

Energy distributed in Italy

4

Articolo 1 Definizioni

1.1 Ai fini della presente deliberazione si applicano le definizioni di cui ai decreti

ministeriali 20 luglio 2004 come modificati ed integrati dal decreto ministeriale 21 dicembre 2007, le definizioni di cui alla deliberazione 28 dicembre 2007, n. 344/07 e, inoltre, la seguente: x� distributori obbligati nell’anno 2012 sono i distributori di energia elettrica o

di gas naturale che avevano almeno 50.000 clienti finali connessi alla propria rete di distribuzione alla data del 31 dicembre 2010.

Articolo 2

Comunicazione delle quantità di energia elettrica e di gas naturale complessivamente distribuite sul territorio nazionale nell’anno 2010 dai distributori obbligati nell’anno

2012 2.1 La quantità di energia elettrica complessivamente distribuita sul territorio

nazionale nell’anno 2010 dai distributori di energia elettrica di cui all’articolo 1, comma 1, è pari a 238.339 GWh.

2.2 La quantità di gas naturale complessivamente distribuita sul territorio nazionale nell’anno 2010 dai distributori di gas naturale di cui all’articolo 1, comma 1, è pari a 1.229.579.791 GJ.

Articolo 3

Obiettivi specifici di risparmio di energia primaria a carico dei distributori obbligati nell’anno 2012

3.1 Gli obiettivi specifici di risparmio di energia primaria a carico dei distributori di

energia elettrica di cui all’articolo 1, comma 1, arrotondati all’unità con criterio commerciale, sono determinati nella Tabella A allegata al presente provvedimento.

3.2 Gli obiettivi specifici di risparmio di energia primaria a carico dei distributori di gas naturale di cui all’articolo 1, comma 1, arrotondati all’unità con criterio commerciale, sono determinati nella Tabella B, allegata al presente provvedimento.

Articolo 4

Disposizioni finali 4.1 Il presente provvedimento è pubblicato sul sito internet dell’Autorità

www.autorita.energia.it.

22 dicembre 2011 IL PRESIDENTE: Guido Bortoni

Source: EEN 13/2011 AEEG decision.

It means around 45 Mtoe + 30 Mtoe = 75 Mtoe of energy distributed. Considering other sources it rises to 80-90 Mtoe. !A saving of 1,5% equals to 1,1-1,3 Mtoe/year that cumulated on 7 years means 7,7-9,5 Mtoe of savings. !Savings due to actions started from 2008 can be accounted for, provided their effects are measurable and still present in 2020.

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WhC and EED

The scheme

The results

White certificates

Detrazioni fiscali 50% e 65% (until 31 December 2014, then 50%)

!7

Energy efficiency Thermal RES Electrical RES

RES tariffs (D.M. 6 luglio 2012)

Conto energia termico (D.M. 28 dicembre 2012)

Other options (Elena, Jessica, EEEF, structural funds, local funds, etc.)

CHP-DH

5

Fonte: FIRE.

CHP: high efficiency cogeneration DH: district heating

RES: renewable energy sources EEEF: European energy efficiency fund

Italian incentives for energy efficiency

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!"!!!!

!5.000!!

!10.000!!

!15.000!!

!20.000!!

!25.000!!

2005! 2006! 2007! 2008! 2009! 2010! 2011! 2012! 2013! 2014! 2015! 2016! 2017! 2018! 2019! 2020!

Na#onal'energy'efficiency'targets'and'WhC'targets'

Na0onal!targets! WhC!targets!

Fonte:!elaborazioni!FIRE!

WhC and 20-20-20 Programme

WhC play an important role within the Italian 2020 target strategy.

Italian 2010 RES Plan target in 2020

2006/32/EC directive EE target in 2016Mto

e

Yearly increment in the range 0,4-1,6 Mtoe

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The results

!9

AEEG asks for WhC

Energy savings

End-user

GME

AEEG

WhC obliteration

DSO

Authorises WhC emission

Tranfers WhC

1st step obtaining WhC

2nd step: target compliance

Obliged parties: DSOs with more than 50.000 clients.

DSO

Italian white certificates scheme (obliged parties)WhC flows cash flows relations between parties

project implementation agreement

ENEA

WhC project evaluation

Source: FIRE.

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The scheme

The results

!10

AEEG asks for WhC

Energy savings

End-user

GME

AEEG

WhC obliteration

Distributor

Authorises WhC emission

Tranfers WhC

1st step obtaining WhC

2nd step: target complaiance

Voluntary parties: companies connected with obliged DSOs, small distributors, SSE and ESCOs, consumers with appointed energy manager (or EMS for small and medium end-users).

Voluntary player

Voluntary company

GME market

WhC trading

Direct contracting (OTC)

Italian white certificates scheme (voluntary parties)WhC flows cash flows relations between parties

project implementation agreement

ENEA

WhC project evaluation

Source: FIRE.

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WhC and EED

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The results

WhC for dummies

!11

DSOs with more than 50.000 clientsObliged parties (SO)

DSOs with less than 50.000 clients Companies linked to or controlled from DSOs Energy service providers SSE Companies with appointed energy manager EM Company with no EM obligation with EMS

Voluntary parties (SV)

1 WhC (also called TEE) = 1 additional toeWhC energy equivalent

5 years 8 years for building envelope related actions 10 years for high efficiency cogeneration

Duration of WhC issuing

Depends on the market (95-115 €/toe recently)WhC economic equivalent

Modalità standardizzata - deemed savings Modalità analitica - engineering estimates Modalità a consuntivo - monitoring plans

Saving evaluation

Energy efficiency improvements and savingsAllowed actions

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!12

Type I - electricity savings Type II - gas savings Type III - other fuels savings (no transport) Type IV - other fuels savings transport D.S. Type V - other fuels savings transport E.E. & M.P.

Types of certificates

Both till 2016Duration and validity of WhC

WhC for dummies

Primary energy efficiency improvements Targets

It depends on a standard fuel mix price trend. Till now the range has been: 86.98-100 €/toe. To be modified keeping into account WhC market prices

DSO tariff reimbursement

It is the the ratio between the useful life of the project and the standard WhC project life (5 or 8 years). It ranges between 1,00 and 4,58. It depends on the technology group as collected in the ministerial decrees tables.

Coefficient tau

WhC are released quarterly for deemed savings. After the measure are collected for the other projects (the timetable can be freely chosen, provided it is at least annually.

WhC release timetable

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!1318

Additional savings concept

Consumption baseline: market average or mandatory standard

Ener

gy c

onsu

mpt

ion

ex-ante consumption

ex-post consumption

Counted savings in WhC scheme

Uncounted savings in WhC scheme

Time

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!14

0"

50"

100"

150"

200"

250"

300"

350"

400"

1" 2" 3" 4" 5" 6" 7" 8" 9" 10" 11" 12" 13" 14" 15" 16" 17" 18" 19" 20"

How$the$tau$coefficient$works$Hipothesis:$annual$saving$100$toe,$tau=3,36$

WhC"with"tau"

WhC"no"tau"

"Fonte:"FIRE"

Tau coefficient

WhC lifespan

Technology lifespan

2% annual discount

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!15

Minimum thresholds required to present a project

Possibility to join different actions in one project

Number of involved clients Homogenous methods Non homogenous

methods

Single client Deemed savings

Engineering estimates

Monitoring plans Monitoring plans

Many clients Deemed savings

Engineering estimates

Monitoring plans Not allowed

Minimum thresholds and allowed synergies

Project evaluation method Global savings (with tau)

Deemed savings 20 toeEngineering estimates 40 toe

Monitoring plans 60 toe

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Saving evaluation methods

!16

Deemed savings (progetti standard): the saving is evaluated with respect to the number of installed reference units (e.g. square meter, kW, number of installed units). No measures are required. Only standardized solutions can be included in a deemed saving file. The proponent presents an RVC once.

Engineering estimates (progetti analitici): the saving is evaluated with respect to some measured quantities through a dedicated algorithm defined in a dedicated file. Required meters are also indicated in the dedicated file. The proponent presents an RVC at least once a year.

Monitoring plans (progetti a consuntivo): the method is similar to the previous one, but the algorithm, the baseline, the additional saving coefficient, and the needed meters should be preliminarily proposed by the applicant PPPM and approved from GSE (with ENEA-RSE). After the PPPM is accepted the proponent will get WhC by presenting an RVC at least once a year.

Saving evaluation method

Deemed savings !Engineering estimates !Monitoring plan

PPPM

D.S. file

E.E. file

RVC: Request to verify and certify the savings PPPM: Project proposal and M&V procedure

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WhC and EED

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Grandi progetti

D.M. 28 dicembre 2012 introduced also the so called “Grandi progetti” that is large projects with more than 35 ktoe of annual savings.

These projects, which should be infrastructural and have a technical life of more than 20 years, follow a different approval procedure.

These projects grant two advantages: a multiplier of the savings up to 50% depending on the amount of the annual savings, the sector (higher within metropolitan areas), and the innovation and CO2 reduction levels; the possibility to opt for a fixed price tariff based on the WhC market price.

Art. 10, comma 1: “Per gli interventi infrastrutturali, anche asserviti a sistemi di risparmio energetico, trasporti e processi industriali che comportino un risparmio di energia elettrica o di gas stimato annuo superiore a 35.000 tep e che abbiano una vita tecnica superiore a venti anni, il proponente richiede al Ministero dello sviluppo economico l'attivazione della procedura di valutazione, ai fini dell'accesso al meccanismo dei certificati bianchi, presentando il progetto di intervento”.

Presenta PPPM

Entro 120 giorni al massimo esprime parere sulla proposta, definisce il sistema di misura e

i TEE rilasciabili

Soggetto proponente (progetto con R> 35 ktep)

Fonte figura:

MSE

•  Di concerto col MATTM;

•  Acquisito il parere della

regione interessata;

•  Col supporto tecnico di

GSE, ENEA, RSE.

In questo tipo di progetti entra direttamente in gioco il Ministero delle Sviluppo Economico.

In accordance with M i n i s t r y o f e n v i r o n m e n t a n d involved Region. With GSE, ENEA and RSE technical support

Within 120 days defines the saving assessment procedure and the WhC

Presents PPPM Project proponent (more than 35 ktoe)

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!18

Market trends and monitoring plans

Savings breakdown for type of evaluating procedure

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!19

2013 data: issued WhC

- 12 -

Procedimenti amministrativi conclusi positivamente e TEE rilasciati dal GSE al 31 ottobre 2013 TEE rilasciati dal GSE per procedimenti conclusi positivamente

TEE rilasciati [kTEE]TEE rilasciati

cumulati [kTEE]

feb-13 0 0

mar-13 40 40

apr-13 289 329

mag-13 1.376 1.705

giu-13 142 1.847

lug-13 273 2.120

ago-13 695 2.815

set-13 305 3.120

ott-13 435 3.555

Dal mese di febbraio ‘13 al 31 maggio ‘13, sono stati rilasciati dal GSE circa 3.555.000 TEE, ivi incluse le emissioni

trimestrali standard relative ad RVC-S approvate nella precedente gestione del meccanismo

Al 1° giugno 2013, dopo l’annullamento dei TEE per l’assolvimento all’obbligo 2012, sono risultati disponibili sui conti

proprietà degli operatori 472.000 TEE (ca. 8% obiettivo 2013 pari a 5.51 MTEE)

Con riferimento all’anno d’obbligo 2012 restano da conseguire, da parte dei distributori obbligati, obiettivi per circa il 35% della quota d’obbligo complessiva al 2012, pari a 2,1 MTEP.

Source: GSE.

kTEE: thousands of WhC

Issued WhC

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!20

2013 data: breakdown on saved energy source

Source: GSE.

- 13 -

Procedimenti amministrativi conclusi positivamente e TEE rilasciati dal GSE al 31 ottobre 2013 Ripartizione dei TEE rilasciati dal GSE per tipo di titolo e metodo di valutazione

1.830

829

896

Titoli attestanti risparmidiversi dall'energia elettrica e il gas (TIPO III)

Titoli attestanti risparmi di energia elettrica (TIPO I)

Titoli attestanti risparmi di gas (TIPO II)

Tipologia di titoli corrispondenti a risparmi certificati dal GSEDati in kTEE

3.555

3.555

Risparmi totali certificati dal GSE

Risparmi suddivisi per tipologia

Il 91% dei TEE rilasciati è stato realizzato da progetti

afferenti alla metodologia a consuntivo.

TEE rilasciati [kTEE]

RVC standard 139

RVC analitiche 192

RVC a consuntivo 3.224

TEE rilasciati [kTEE]

Titoli attestanti risparmi di energia elettrica (TIPO I) 896

Titoli attestanti risparmi di gas (TIPO II) 1.830

Titoli attestanti risparmi diversi dall'energia elettrica e il gas (TIPO III)

829

Titoli attestanti risparmi nel settore trasporti, di cui al Dlgs 28/11 (TIPO IV)

0

Titoli attestanti risparmi nel settore trasporti, diversi dal Dlgs 28/11 (TIPO V)

0,2

kTEE: thousands of WhCType of savings divided by energy source

Electricity

Natural gas

Fuels (LPG, diesel, etc.)

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!21

2013 data: 90% industrial projects!

Source: GSE.

- 14 -

Procedimenti amministrativi conclusi positivamente e TEE rilasciati dal GSE al 31 ottobre 2013

Ripartizione per categoria di intervento dei TEE rilasciati per procedimenti inerenti RVC conclusi positivamente

dal GSE

L’ 88% dei TEE rilasciati è stato realizzato mediante progetti afferenti al settore industriale,

prevalentemente tramite metodologia a consuntivo.

IND-T 52%

IND-FF 24%

IND-GEN 6%

IND-E 6%

CIV-T 7% CIV-FC

3% Altro 2% IND-T

IND-FF

IND-GEN

IND-E

CIV-T

CIV-FC

IPRIV-NEW

Altro

TEE rilasciati per Richieste di Verifica e Certificazioni (RVC) di competenza GSE ripartiti per categoria di intervento

Principali categorie di intervento

TEE rilasciati [TEE]

IND-T 1.860.190

IND-FF 848.449

IND-GEN 226.151

IND-E 192.852

CIV-T 240.404

CIV-FC 104.450

IPRIV-NEW 14.365

altro 68.088

Breakdown by group of solutions and sectors. Industrial projects ≈ 90%!

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FIRE analysis about monitoring plans

Background Considering new projects, monitoring plans are overcoming standard and engineering estimates projects with respect to the amount of generated savings. No deep investigation was carried out and a few data were available on them. !The aim of the analysis ENEA commissioned a study to FIRE to:

! investigate monitoring plans and extract information on the results of seven years of presented projects;

! identify trend lines for the energy efficiency technologies used and assess the market penetration;

! verify if the real savings (RVC) matched the forecasts (PPPM); ! identify the role of the proponents, the difficulties they encountered and

the most common errors in the presentation of proposals. ! !! !!!!

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The results

STEEL%METALLURGICAL%

38%%

PETROCHEMICAL%PHARMACEUTICAL%

CHEMISTRY%16%%

BUILDING%MATERIALS%

12%%

AGRO:FOOD%7%%

ENERGY%/%SERVICES%/%WASTE%TREATMENT%

7%%

RESIDENTIAL%COMMERCIAL%

6%%

GLASS%4%%

PAPER%AND%PRINTING%

3%%ICT%2%%

AUTOMOTIVE%MECHANICS%

2%%

WOOD%2%%

TEXTILE%AND%TANNING%1%%

STEEL%METALLURGICAL%9%%

PETROCHEMICAL%PHARMACEUTICAL%

CHEMISTRY%17%%

BUILDING%MATERIALS%14%%

AGRO9FOOD%13%%

ENERGY%/%SERVICES%/%WASTE%TREATMENT%

7%%

RESIDENTIAL%COMMERCIAL%

17%%

GLASS%4%%

PAPER%AND%PRINTING%4%%

ICT%3%%

AUTOMOTIVE%MECHANICS%

6%%

WOOD%2%%

TEXTILE%AND%TANNING%4%%

!23

Source: FIRE commissioned by ENEA.

FIRE analysis: industrial sector breakdown

PPPM

WhC

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The results

EE"heat"48%"

EE"electricity"17%"

Heat"recovery"9%"

Cogenera8on"16%"

Biomass"6%"

Solvent"treatment"0%"

Civil"sector"4%"

WhC"technology"breakdown"

EE"heat"19%"

EE"electricity"28%"

Heat"recovery"15%"

Cogenera8on"17%"

Biomass"6%"

Solvent"treatment"

1%"Civil"sector"

14%"

PPPM"technology"breakdown""

n°#PPPM requested#WhCEE#heat 128 645.293EE#electricity 186 226.946Heat#recovery 98 112.973Cogeneration 111 210.377Biomass 41 81.487Solvent#treatment 9 5.236Civil#sector 90 48.820

!24

Source: FIRE commissioned by ENEA.

FIRE analysis: technology breakdown

www.fire-italia.org

WhC and EED

The scheme

The results

!25

Market: weighted average WhC price

40,00$

50,00$

60,00$

70,00$

80,00$

90,00$

100,00$

110,00$

2005$ 2006$ 2007$ 2008$ 2009$ 2010$ 2011$ 2012$ 2013$

Weighted(average(WhC(price(on(the(GME(market(

€/toe$

Target$year(2013:$provisional$data)$

Source:$FIRE$based$on$AEEG$and$GME$data$

www.fire-italia.org

WhC and EED

The scheme

The results

!26

Market: price trends

0"

10"

20"

30"

40"

50"

60"

70"

80"

90"

100"

110"

120"

07/03/2006"

16/05/2006"

25/07/2006"

24/10/2006"

16/01/2007"

27/03/2007"

05/06/2007"

28/08/2007"

06/11/2007"

29/01/2008"

08/04/2008"

17/06/2008"

09/09/2008"

18/11/2008"

17/02/2009"

28/04/2009"

01/07/2009"

22/09/2009"

01/12/2009"

02/03/2010"

11/05/2010"

20/07/2010"

19/10/2010"

11/01/2011"

22/03/2011"

31/05/2011"

30/08/2011"

15/11/2011"

07/02/2012"

17/04/2012"

31/05/2012"

07/08/2012"

06/11/2012"

05/02/2013"

16/04/2013"

25/06/2013"

17/09/2013"

WhC

's&price&(Euro)&

Market&session&data&

WhC&price&trend&

"May"31st"session"" "DSO's"reimbursement"" "Type"III"" "Type"II"" "Type"I""

Source:"FIRE"evaluaIon"based"on"AEEG"and"GME"data"

WhC oversupply

WhC shortage

www.fire-italia.org

WhC and EED

The scheme

The results

!27

Market: issued certificates VS targets

!40%%

!20%%

0%%

20%%

40%%

60%%

80%%

100%%

!4.000%%

!2.000%%

%!%%%%

%2.000%%

%4.000%%

%6.000%%

%8.000%%

%10.000%%

2005% 2006% 2007% 2008% 2009% 2010% 2011% 2012% 2013% 2014% 2015% 2016%

%"

ktoe

"

Italian"WhC"targets"and"results"(data"updated"to"31"October"2013)"

Primary%energy%saving%targets%(ktoe)% ReducCon%due%to%the%end%of%the%5%years%cycle%

Issued%WhC%from%June%1st%to%May%31st%(ktoe)% Eccess%%or%missing%WhC%(ktoe)%

(issuedWhC!targetWhC)/targetWhC%(%)%

Source:%FIRE%based%on%AEEG%and%GME%data%

www.fire-italia.org

www.linkedin.com/company/fire-federazione-italiana-per-l'uso-razionale-dell'energia

www.facebook.com/FIREenergy.manager

www.dariodisanto.com

Blog & Social

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