Sustainable Energy Authority of Ireland – National Energy Services Framework Energy Performance Contracts Handbook Sample Document: LESC Preliminary Feasibility Assessment Template September 2014 1 Sustainable Energy Authority of Ireland – National Energy Services Framework 2 Preliminary Feasibility Assessment for Local Energy Supply Contract for [Client Name] [Facility Location] [Logo (optional)] Prepared by [Energy Advisor Personal Name, Professional Qualifications] [Advisor Employer/Trading Name if applicable] [EA Logo] Report Date: [dd mmm yy] SEAI TA Ref. No.: [xxxxx] SEAI PS Client ID: [PS Client ID / not applicable] Guidance (for deletion) SEAI recommends that this report be completed by a suitably qualified, experienced and independent Energy Advisor with the objective of establishing if there is a financially viable project and what the scope of that project is; if there is not a viable project, further effort can be saved. This template is to be used by the client/host’s Energy Advisor (“EA”, i.e. consultant or other) for preparation of a Preliminary Feasibility Assessment report where the client/host has received Technical Assistance from SEAI. It is intended that this be a Preliminary Feasibility Assessment, not a fully costed and analysed Feasibility Study; the difference being the time/effort that goes into quantifying savings and capital costs. This Preliminary Feasibility Assessment should be conservative on the low side when estimating savings and conservative on the high side when estimating costs. The EA should familiarise their self with the layout of this report and plan to put the appropriate information in the appropriate location. One should follow the logical progression of the report, rather than writing the entire report in section 1 or 2! For calculations and tables the accompanying spreadsheet template has been provided. The spreadsheet should contain all the EA’s workings, assumptions and be fully transparent, with annotations where calculation methodology is not obvious. Tables may be pasted from the spreadsheet into this report as appropriate. We recommend the EA: Draws extensively from available documentation and factual data, such as utility bills, drawings, maintenance logs. Applies rules of thumb where appropriate, but notes these as assumptions and the source. Provides capital budget figures based on foreseeable scope of works, previous experience of similar projects and associated rules of thumb. Where fuel switching occurs, savings may be quantified based on both differences in current average fuel prices (where there is a fuel conversion aspect to the project) and expected seasonal efficiencies of existing and proposed installations. Avoid using different indexation factors for different fuels in the future unless these can be clearly justified. Indeed, using a fuel cost indexation factor which is above the general rate of inflation is likely to be difficult to justify and will be subject to close scrutiny. In some cases it may be necessary for the client to install some metering, or the EA to install some temporary metering, to facilitate completion of this assessment. If there are a number of buildings, particularly in different locations, a number of separate reports with a single overall summary may be easier to complete and review. If boiler condensing modules are to be used, explain how the low temperatures required to extract the latent heat will be achieved. The source of any information or data should be clearly referenced. Provide a discounted cash flow analysis for the project as a whole (not client perspective or ESCO perspective). Client requirements should be clearly identified. 3 Avoid specifying the final design unless it is a client requirement. The more flexibility the ESCOs have on the design, the better use can be made of their expertise. The specification should be focussed on outcomes (e.g. peak and annual heat supply requirements). As a professional assessor you should provide an independent and fresh assessment of options, with the objective of establishing if there is a financially viable project. If there is not a viable project at the heart of this, then that is a valuable finding as it prevents further effort being wasted. In this template: Text within [square brackets] should be replaced with client-specific text. Text in grey consists of instructions to the Energy Advisor and should be deleted or replaced as appropriate, before submission of the report to the client / SEAI. The normal black text should be left in the final version of the report – unless it is inappropriate. Body text is Times New Roman 12. Main section headings are Times New Roman 14 Bold. Sub-headings are Times New Roman 12 Bold. Please maintain the formatting of this document. Tables, including spreadsheet, use Arial 10. Include any photographs in a separate Appendix to this report. Only include photographs if they add value to the report. Include appropriate captions and references from the main body of the report to accompany the photographs. Prior to printing to PDF, check the layout, page breaks and update the table of contents. A draft of the report (and spreadsheet) should be submitted for client review and updated as appropriate. The finalised report is to be submitted by the client to SEAI as part of the claim for Technical Assistance. If, on review, SEAI deem it inadequate or of poor quality, SEAI reserves the right to withhold the Technical Assistance payment from the client. Executive Summary To follow the main points of each section of the report. Maximum 2 pages. Insert here existing energy use and spend (words or condensed version of table used in Section 2.1). Insert here conclusions, in particular: Benchmark chart – existing energy/m2 versus proposed versus typical versus good practice for each utility. This provides an overall sense-check. Total investment budget € Expected savings € Simple paybackyears Note any un-quantified benefits. 4 TABLE OF CONTENTS 1 INTRODUCTION ........................................................................................................ 6 1.1 1.2 1.3 1.4 1.5 2 EXISTING ENERGY CONSUMPTION AND PERFORMANCE ...................... 10 2.1 2.2 2.3 2.4 2.5 2.6 2.7 3 SITE VISITS .............................................................................................................................. 6 OBJECTIVES ............................................................................................................................. 6 DESCRIPTION OF SITE & SCOPE OF ASSESSMENT ..................................................................... 7 HEATING INSTALLATION.......................................................................................................... 8 ESSENTIAL WORKS .................................................................................................................. 8 OVERALL ANNUAL CONSUMPTION ........................................................................................ 10 ENERGY LOAD PROFILE ......................................................................................................... 11 MAIN ENERGY CONSUMERS .................................................................................................. 13 ENERGY PERFORMANCE ........................................................................................................ 14 RECENT/EXISTING ENERGY-SAVING INITIATIVES .................................................................. 16 FURTHER OPPORTUNITIES FOR ENERGY SAVINGS ................................................................. 16 CONCLUSIONS ........................................................................................................................ 16 OPTIONS & ANALYSIS .......................................................................................... 18 3.1 3.2 3.3 3.4 3.5 3.6 OPTIONS ................................................................................................................................ 18 BASE CASE ............................................................................................................................ 18 OPTION A – [TITLE] ............................................................................................................... 18 OPTION B – [TITLE] ................................................................................................................ 19 DISCOUNTED CASH FLOW ANALYSES.................................................................................... 19 RECOMMENDATIONS.............................................................................................................. 20 4 LOCAL ENERGY SUPPLY CONTRACT CONSIDERATIONS ....................... 21 5 METER AND DATA REQUIREMENTS ............................................................... 22 5.1 ENERGY METERS, MONITORING AND DATA .......................................................................... 22 5.2 ENVIRONMENTAL CONDITIONS & STATIC FACTORS .............................................................. 23 6 CONCLUSIONS & NEXT STEPS........................................................................... 24 APPENDIX A .................................................................................................................... 25 5 Introduction 1 1.1 Site Visit Organisation Name: [Client Name] Site Name & Address: [Address] Buildings included: SEAI Client ID: [SEAI Public Body Client ID / not applicable] Dates of Visits: [dd mmm yy] [dd mmm yy] Energy Advisor: [EA name and relevant professional qualifications] [EA trading name/company where different] [EA email address] [EA phone number] Visit Hosted by: [Name of individual(s)] [Energy Advisor] undertook a Preliminary LESC Feasibility Assessment of [site name] under the Sustainable Energy Authority of Ireland’s (SEAI) National Energy Services Framework Programme. Give a brief summary of the visits – areas toured, focus of discussions, etc. Do not include the site description here (which should be included in section 1.3). 1.2 Objectives The objective of the assessment is primarily to assess the viability of implementing an LESC Contract by: Evaluating existing energy use, using a suitable energy performance indicator, to ensure the potential for energy savings has already been addressed (or will be addressed) and thereby protect against future energy conservation measures changing the parameters on which a local energy supply contract would be based. Evaluating facility energy supply requirements (i.e. peak heat load and annual energy use) to assist in the sizing and design of the energy supply installation, based on historical energy use and foreseeable developments. Evaluating different technology alternatives that may be suitable with a view to identifying technically and economically viable options. 6 Providing initial concept overview, and indicative costs and savings associated with each option. Identifying any special considerations and essential client requirements to be incorporated in the works (such as boiler replacement). Consideration will be given to the incorporation of energy from existing equipment in the energy supply contract. Identifying additional metering and recording intervals that will improve the quality of bids (such as heat metering to facilitate boiler sizing). Identify any potential technical, financial or other risks to the project as currently defined. Identifying other benefits, including renewal of plant which has reached end of life or resolution of comfort issues. These may need to be quantified. This Preliminary LESC Feasibility Assessment is not a fully costed and analysed “investment grade” Feasibility Study and has been completed in a relatively short period of time using readily available site information, sector performance indicators, and rules of thumb. It is a concise, or walkthrough assessment that has been prepared with all reasonable skill, care and diligence possible within a short period of time. All figures are indicative. In the event that all or part of this report is circulated to ESCO Tenderers, neither the author nor the Client accept liability or responsibility for the accuracy or completeness of the information contained herein, which is classified as ‘verifiable’, i.e. the Tenderer is at liberty to verify any or all of such information. The contents of this report provide the basis for completion of the Energy Contracting Handbook – Stage 2. Note that the client will use this report to help assess which contract option – traditional, EPRP, LESC – is most appropriate and should give each due consideration. The report up to Section 5 should be agnostic as to which contract option is most suitable. In Section 6 the EA may assist the client in this decision by identify considerations for each. Most importantly, the EA should not write the report like the final contract option (e.g. LESC) is a foregone conclusion – this is a client decision. 1.3 Description of Site & Scope of Assessment Give a brief overview description of site – location, age, size, activities, staff levels, shift system, etc. If there are multiple buildings, list the ones included in the scope of assessment in the table below; otherwise give the same information for the building in question. Identify any expansion plans and advise if/how these are of relevance. The client may have identified the scope “we want to replace Boiler 1 with a biomass one”, but the EA should bring a fresh perspective as to what the logical scope might be. For instance, the EA might propose replacement of all boilers, create a district heating system, or propose a different technology. Consider the different options and make the case for the chosen scope of assessment here. 7 Building Name Floor Area Year of Construction BER / DEC Rating (specify if Gross Internal or Total Useful Floor Area) (for applicable building regulations) (include date issued) Comments This assessment includes the following network utilities: [Electricity?] [Natural gas?] This assessment includes the following non-network utilities: 1.4 [LPG?] [Other - specify] Heating Installation Provide description of existing energy generation, distribution and heat emitter installation included in the scope of this assessment. Identify existing meter points. Identify design and operating flow-return temperatures. Identify any issues, particularly comfort issues associated with over/under heating. Calculate or estimate seasonal efficiency; if heat data is not available, a combustion flue gas analysis may assist (seasonal efficiency will be lower); if estimated, then provide rationale for the estimate. 1.5 Essential Works Identify any works the client regards as an essential element to include in any works contract. These must be assessed for budgetary cost and savings as part of this assessment. It may emerge during this analysis that such essential works are not costeffective to implement, even as part of the overall works contract: this is ultimately a client decision. 8 9 2 2.1 Existing Energy Consumption and Performance Overall Annual Consumption Give an overview of the overall annual energy consumption / spend. Include the AUP of each energy. [Client Name]’s annual energy consumption is set out in Table 1. Table 1: Annual Energy Consumption & Energy Costs Copy & paste Table 1 from spreadsheet – sheet entitled ‘Table 1 - Energy Consumption’. Tip: Delete any non-relevant (blank) rows to make the table look neater. Tip: If you cut down the table because you are only using some columns/rows and you think it will look better on a portrait page, then change the page orientation from landscape to portrait. If you do this, you should also delete the 2 section breaks at the bottom of this page and at the bottom of the preceding page. Tip: The yellow shading can be removed from the table once it has been copied into MS Word by selecting the entire table, and clicking Format -> Borders and Shading -> Shading -> No Fill -> OK If you have more refined data, particularly data for individual buildings, and monthly data, include here or in an appendix and reference it here. The appendix may be a spreadsheet. 10 2.2 Energy Load Profile The objective of this section is to provide the energy load profile information to assist in sizing the heat generator and projecting annual energy use. If the above Annual Consumption is aggregated from several separate heating systems, only some of which will be relevant, figures should only be for the relevant heating system(s) (and this should be clear to the reader). The type of data presented (e.g. monthly, weekly, daily, quarter hourly) will depend on what data is available and what the considerations are (e.g. monthly load profile information tells us about energy use, but not about peak load or plant operating hours); use professional judgement. If a wide range of data is being included, high level data may be presented here, with more detailed data in an appendix – a relatively small number of key charts should tell the story. Data should be presented in chart format and should be converted to kWh (state conversion factor). Clearly identify if data is fuel (and fuel type) or heat. Insert interval load data for electricity consumption where this is available from the MRSO. We identified the aggregated annual heating load profile from the following systems summarised in [Table 2]. Paste in Table 2 from spreadsheet – sheet entitled ‘Energy Load Profile’. Adjust to fit. For instance, in the case of a heating project, identifying different heating loads and associated temperature requirements will be of value. If underpinning calculations are prepared in the accompanying spreadsheet, complete the tables in the spreadsheet and paste the results in here. Where no data is available, estimates may be used, or the percentage may be omitted noting “Insufficient Data Available”. Seasonal efficiency accounts for heat loss during periods that the boiler is “idling” to maintain its internal temperature while the building is not calling for heat. An accurate description of seasonal efficiency would be the closest approximation of the boiler’s actual performance in a particular building. Table 2: Summary of Aggregated Annual Energy Load Profiles 11 Thermal Energy Consumer Fuel consumption kWh Existing Seasonal efficiency % Heating consumpti on kWh [e.g. building/system name process steam, process hot water, domestic hot water, etc] [e.g. building/system name process steam, process hot water, domestic hot water, etc] [e.g. building/system name, process steam, process hot water, domestic hot water, etc] Total 12 Flow temp deg C Return temp deg C Details / Additional Information 2.3 Main Energy Consumers The main energy consumers at the site that have been quantified for this assessment are summarised in [Tables 3 & 4 below]. In the tables below identify the main energy consumers at the site and, where possible, their share of total where doing so is of value to the report. Delete table 3 if electricity is not in the scope of this report. Table 3: Summary of Primary Electrical Energy Consumers % of Total Electrical Energy Consumer Comments [e.g. compressed air, chillers, motors & drives, air conditioning, space heating etc] [e.g. compressed air, chillers, motors & drives, air conditioning, space heating etc] [e.g. compressed air, chillers, motors & drives, air conditioning, space heating etc] [e.g. compressed air, chillers, motors & drives, air conditioning, space heating etc] Table 4: Summary of Primary Thermal Energy Consumers % of Total Thermal Energy Consumer Space Heating and Domestic Hot Water, Process Steam, space Heating etc. Space Heating and Domestic Hot Water, Process Steam, space Heating etc. Space Heating and Domestic Hot Water, Process Steam, space Heating etc. Space Heating and Domestic Hot Water, Process Steam, space Heating etc. 13 Comments 2.4 Energy Performance The objective of this section is to establish the potential for energy demand savings. If so, this may reduce heat load in the future, changing the project parameters. A key finding may be that energy efficiency upgrade works should be done prior to, or in conjunction with, the proposed heating / CHP/ renewable project that is the subject of this feasibility assessment. Energy Performance Indicators The term “Energy Performance Indicator” is used here to reflect trends in energy use in that facility over time, normalised so that inter-year data is comparable. For instance, hotel electricity use might be corrected for occupancy, or fossil fuel use might be corrected for weather (degree days). In some cases there may be no annual normalisation required, e.g. office building electricity use where there is not a significant cooling load. It is not intended to spend time on an elaborate analysis, merely to understand if normalised energy use is rising, falling, or staying the same. The existing EnPIs at the site that have been quantified for this assessment are summarised in Tables 5 below. Give details of EnPIs in use at site – definitions & recent values. If none, then say so. Table 5: Energy Performance Indicators If there are EnPI’s (or you have produced any), copy & paste Table 5 from spreadsheet – sheet entitled ‘Table 5 - EnPIs’. Otherwise delete this text. If there are historical DEC ratings for the building, provide these as they illustrate a trend. Ideally chart the DEC values for each DEC year. Use other EnPIs where it is useful to do so. Benchmarks The term “Benchmark” is used here to reflect a comparison of this facilities existing and projected energy use (i.e. when energy saving measures proposed herein are implemented) with industry norms. Benchmarks give an indication of existing performance, the potential for further savings and a sense check for the overall savings that this audit has identified. Table 6: Energy Benchmarks Example table: modify/delete as appropriate, copy & paste Table 6 from spreadsheet sheet entitled ‘Table 6 - Benchmarks’. [Benchmark Name & source] kWh/m2/p.a. Electricity Existing 14 Fossil Fuel Other Projected Good Practice 53 103 Typical 67 169 Example text: The fossil fuel use of 80kWh per m² is projected to fall to 50kWh per m2 if all the energy conservation measures are implemented. This reduction, whilst significant, is reasonable as the projected energy use will be in line with “Good Practice” benchmarks for the sector. [Benchmark Name] Electrical Performance Breakdown of Energy Consumption (kWh) Example chart: replace with your chart from spreadsheet [Benchmark name, e.g. Open Plan Office] Electricity, kWh/m2 90 80 70 60 50 40 30 20 10 0 Existing Projected Good Practice Typical [Benchmark Name] Fossil Fuel Performance Breakdown of Energy Consumption (kWh) Example chart: replace with your chart from spreadsheet 15 [Benchmark name, e.g. Open Plan Office] Fossil Fuel, kWh/m2 250 200 150 100 50 0 Existing 2.5 Projected Good Practice Typical Recent/Existing Energy-Saving Initiatives Give a summary of energy-saving initiatives that have been implemented at the site (if any). By discussing work done to date with the facilities staff you will get an indication of their progress and the remaining potential for further savings; for instance, have the facilities staff been working steadily and plucked the low-hanging fruit, or is there good potential for easy savings? 2.6 Further Opportunities for Energy Savings Identify any further opportunities, which you are likely to have established through client discussion and site inspection. If there are proposed / mooted initiatives that have not yet been implemented and you believe that they are still worthwhile, include them. This is not an energy survey, so the measures need not be very specific and a list is adequate. Acknowledge any contribution from client in identifying these measures. 2.7 Conclusions The main points to conclude here are: Overall energy use and cost, AUPs (Section 2.1 ) Characteristics of heat load under consideration (Section 2.2) Annual heat load Peak heat load of area(s) served. What this energy is used for (Section 2.3) Energy efficiency (performance) of the facility, whether or not energy efficiency should be improved, and when this should be done (e.g. before LESC, simultaneous to, in conjunction with, after or at any time). (Sections 2.3, 2.4, 2.5) 16 From a contractual standpoint, the annual heat usage and peak heat load are important contract elements and it is essential that these be established. If they could not be established as part of this study, then you must identify what information (e.g. metering) is required for the client to establish the peak load. Based on the information provided above, it is our view that: select/modify/add as appropriate [the energy efficiency of the facility should be improved prior to entering / is adequate and should not preclude entering into a local energy supply contract]. Continue... 17 3 3.1 Options & Analysis Options This section discusses options – technologies, installation arrangements, combining existing with new, different boiler sizes, different fuel types. Although the theoretical range of options is infinite, professional judgement should distil this to a small number of sensible choices worthy of discussion and possibly some analysis. It should be clear that some other options have been reviewed and eliminated. Once main options are identified, provide to an appropriate level of detail: Overview of proposed installation and how it would work. Include plant sizes, fuel storage requirements, plant room requirements Installation, commissioning, and maintenance requirements and associated costs Energy savings – fossil fuel – associated with improved boiler efficiency, control. Similarly for electrical savings, e.g. high efficiency pumps New energy use quantities, which may be a mix of oil, LPG and biomass Fuel prices 3.2 Base Case You should discuss the base case. This is generally the existing installation, but if existing is at end of life and must be replaced anyway, the next lowest capital cost option is the base case; this would typically be to replace the end of life plant with similar but high efficiency equivalents, e.g. replace existing boiler with higher efficiency modern (and possibly condensing boiler). Using a higher cost base case – such as a budget to replace existing end of life installation with something similar – will improve the rate of the return of the project. However, if there is no budget to replace the existing installation, such an approach may be inappropriate and will cause confusion later when a budget for the full cost of the project is set against its savings. 3.3 Option A – [title] Use subheadings, such as 3.3.1, as appropriate. Select ‘Style Heading 2 +Times New Roman to Match Selection’ for subheading text only. Select ‘Normal’ for paragraph text. Start with the most basic option, which may be to upgrade the existing boilers using the existing fuel. That may not be what everybody is thinking of, but it is likely to be the lowest initial cost option. Overview of this option’s proposed installation and how it would work. Include plant sizes. Rationale for a particular boiler size should be clear. Installation requirements and associated costs. Include site specific considerations. 18 Identify any technical requirements. Energy savings – fossil fuel – associated with improved boiler efficiency, control. Similarly for electrical savings, e.g. high efficiency pumps. New energy use quantities, which may be a mix of oil, LPG and biomass Fuel prices The level of detail and time invested here should be appropriate – consider this is a preliminary study, your time budget, the number of options that need to be discussed, the quality of data available. 3.4 Option B – [title] Overview of this option’s proposed installation and how it would work. Include plant sizes. Rationale for a particular boiler size should be clear. Installation requirements and associated costs. Energy savings – fossil fuel – associated with improved boiler efficiency, control. Similarly for electrical savings, e.g. high efficiency pumps. New energy use quantities, which may be a mix of oil, LPG and biomass Fuel prices The level of detail and time invested here should be appropriate – consider this is a preliminary study, your time budget, the number of options that need to be discussed, the quality of data available. Add more Options as appropriate. 3.5 Discounted Cash Flow Analyses Summary results of DCF analysis for each option as described above. Include any assumptions and outcome of each option against base case. Life of installation Initial capital cost Expect IRR calculation and NPV plus discount rate (where discount rate provided by client). Operating costs, including fuel costs Maintenance costs (including any overhauls) Identify recommended solution. Different data analyses should be included in Appendix. A DCF analysis tool is available from SEAI. 19 3.6 Recommendations Based on the above you may recommend one particular option as the clear winner, or perhaps two for further evaluation; if further evaluation is required, be specific about what is required (and why you couldn’t do that evaluation as part of this exercise). 20 4 Local Energy Supply Contract Considerations The above examined different options from a technical and economic standpoint, irrespective of potential LESC. This section is for your input on how an LESC might work at this facility and with this client; it is not for general LESC advice. Of particular interest is the likely scope of the contract and associated energy supply meter point. The key decision will be if energy from the existing equipment will be included in the scope of supply for the energy supply contract. If the scope is limited to, for instance, a new biomass boiler in an existing heating system then the meter point will be heat supplied to the client at boiler (or buffer vessel) output; If the scope is to include both the new boiler and any existing client boilers, then the meter point will be heat out of the entire system; electricity use by the boiler house may be included in the scope (i.e. the ESCO is invoiced for electricity use and this netted off the payment for the heat supplied). If the scope is to include the district heating network, then the meter points will probably be the secondary side of the heat exchangers; electricity use by the energy centre and district heating pumps may be included in the scope (i.e. the ESCO is invoiced for electricity use and this netted off the payment for the heat supplied). Alert the client to any particular LESC pitfalls of which you are aware. 21 5 5.1 Meter and Data Requirements Energy Meters, Monitoring and Data The objectives here are (a) identify existing meter and monitoring infrastructure (b) to identify further meter and monitoring requirements (c) to identify data requirements, so the client can put in place the infrastructure and begin gathering this data once they receive this report. The tables below should address all three. Further data may be required for a more accurate analysis of the heat load characteristics with a view to sizing the unit; this may involve fuel metering/logging or heat metering/logging and may involve additional metering. A LESC is a likely to be a heat supply contract at a particular measurement point identified in Section 4. The LESC is likely to specify a maximum (peak) heat load [kW] and an annual heat use range [kWh]. This has two implications (a) while an understanding of existing use is important, it is not required as a “baseline” against which future use will be compared (b) a heat meter (and logger) will be required in any case. If a heat meter is going to be required in any case, it may make sense to install one now and using this to improve understanding of the heat load characteristics. From a contractual standpoint, the annual heat usage and peak heat load are important contract elements and it is essential that these be established. If they could not be established as part of this study, then identify what information (e.g. metering) is required for the client to establish. SEAI “Sample Document LESC Technical File Baseline Data.docx”, which is intended for the next stage (i.e. Stage 3) provides further information and may be worth considering. Existing Installation Meter Location & Area Metered Data Requirements Further requirements Meter Location & Area Metered Monitoring & Data Requirements 22 5.2 Environmental Conditions & Static Factors If there is a risk that areas are under-heated, this should be noted and an assessment as to why it is underheated may be required. You may recommend installation of space temperature loggers in such locations and/or logging of circuit flow/return temperatures. Logging of flow and return temperatures at the point of heat supply is particularly important, as the design may be 82degC flow and 71degC return, but actual operating temperatures may differ in different heat load conditions. The following environmental data should be recorded. Insert additional information here or in Appendix (and refer to here). Sensor Location & Area Metered Monitoring requirements Insert a name for the sensor (may be BMS name) Identify the physical location for the sensor and area it will meter (unless obvious) May be possible to record using BMS if client sets up a log file. Otherwise the client may need to install local logging devices. Complete for all sensors. Temperature at least. RH may not be required. Avoid too many as it will result in too much data – try to pick representative areas and extreme areas. Insert additional information here or in Appendix (and refer to here). 23 6 Conclusions & Next Steps This is not an executive summary. Identify the main conclusions. Include peak heat load, annual heat usage; if it has not been possible to establish these with sufficient accuracy, then describe what is required to address this. Total investment budget [€ Expected savings[€ Simple payback[ ] ] years] Discuss the viability of the project – as an indication, an overall payback of 5-8 years is generally viable. Then identify the factors that make this project viable or not, e.g. fuel switching is likely to provide a good boost, but fabric upgrades will have a long payback. If the payback is very short, suggest the client do it without LESC or perhaps add some energy efficiency works with longer paybacks. Sometimes essential client requirements are cost-of-ownership projects (such as replacing end of life plant) that may undermine the commercial viability; in such cases the client may co-fund those works either as a capital cost or an annual contribution to repay the ESCO/financier, or a long term payback may be acceptable. Identify other benefits, including renewal of plant which has reached end of life or resolution of comfort issues. These may need to be quantified. Identify any potential technical, financial or other risks to the project as currently defined. Advise of any limitations of the assessment (e.g. lack of energy data) and, if appropriate, recommend revisiting the study after this has been resolved. Avoid doing so unnecessarily: you may have captured the essence of things and further refinement will only improve reliability of the data, but not change the figures significantly. Identify any special considerations and important assumptions. The reader is referred to the LESC Handbook for further steps. 24 Appendix A Complete / delete as appropriate 25