North Carolina Energy Efficiency Obligation

In 2007, the government of North Carolina introduced an energy efficiency obligation for all sectors except transport using electricity. Obligated parties include investor-owned utilities. The obligation seeks to achieve 0.25% incremental savings; public electric utilities must obtain renewable energy power and energy efficiency savings of 3% of prior-year electricity sales in 2012, 6% in 2015, energy efficiency is capped at 25% of the 2012-18 targets. Eligible energy efficiency measures target CHP specifically. Calculation of savings is based on deemed savings, metered savings and engineering calculations. The utilities are responsible for M&V and may use an independent third party. The utilities must describe the industry-accepted methods and methodologies and identify any third party as well as provide a schedule for reporting savings to the regulator.

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