 |
|
|
|
|
| Overview |
|
| The Standard Offer from PSE&G |
| The Standard Offer is a performance-based program that pays for measured energy savings over a contractual term. Customers and providers of energy related services are paid for measured savings through the installation of energy saving equipment or material. Payment is for kilowatt hours (based on time of day and season) and therms (based on season) saved. Contract terms and requirements, as well as payments for energy savings, are standard for everyone - thus the name "Standard Offer."
There are three Standard Offer Programs, appropriately named "Standard Offer No. 1, No. 2, No. 3." All three of these programs are closed and cannot accept any new projects. The primary difference between the programs is the price paid for each kilowatt hour or therm. Due to the long term nature of the contracts, many of the current projects will run through 2016.
|
|
| Third Party Assistance |
| Some Program participants rely on Third Party Assistance to submit and manage their Standard Offer projects. Besides assessing a project's conservation potential, most third party energy service providers handle all aspects of a project’s proposal, from engineering design to equipment installation and maintenance. One such third party energy service provider is an Energy Service Company (ESCO).
Generally speaking, an ESCO is a company that offers technical and specialized energy management services. Some also can provide third party financing for energy improvements performed by customers or other contractors. An ESCO specializes in creating and effectively applying energy management services for residential, commercial, industrial and institutional customers. ESCO’s can help in determining the cost-effectiveness of a project and the profitability of its investment. ESCO’s may require a contribution, in the form of sharing in the bill savings or a fixed payment for the services they provide.
Upon signing a Standard Offer Energy Savings Agreement with PSE&G, the ESCO is authorized to carry out the project. The ESCO becomes the party responsible for implementation, performance and maintenance of the project. Upon the delivery of measured savings, the ESCO receives Standard Offer payments from PSE&G for the term of the Agreement.
|
|
| Contact Information Regarding the Standard Offer Program |
| Please direct your inquiries regarding PSE&G's Standard Offer program to:
Joseph Prusik
DSM Performance Manager
973-430-5314
Email: Joseph.Prusik@pseg.com
Or write:
Public Service Electric and Gas Company
80 Park Plaza, MC 446
Newark, NJ 07102-4194
|
|
|
