IFC contributes to utility-driven efficiency measures through energy efficiency technologies and approaches, including policy reforms, better commercial management, advanced metering systems, grid automation, and many others.
Utility Driven Energy Efficiency encompasses a great variety of interventions both on the supply and demand sides. IFC's contribution to scaling up both supply-side and demand-side energy comes through a variety of investment, technical assistance, and analytical advisory activities. These support the development of many well-tested energy efficiency technologies and approaches, including policy reforms aimed at rational use pricing, better commercial management, advanced metering systems, grid automation, and many others.
The implementation of Utility-Driven programs oftentimes involves the support from Energy Service Companies (ESCOs). For example, South Africa introduced an incentive to energy efficiency based on a Standard Offer model. This has attracted great interest from ESCOs in identifying, preparing and submitting numerous EE projects to ESKOM.
IFC has also been recently involved in supporting companies develop innovative products or business models which will further enhance utility driven energy efficiency. For example, some of the projects under consideration include:
An IT and communication company in India aimed at improving the level of automation in the operation of the power system, from the power plant to the end-user;
A service company in Africa interested in developing a new business model to provide load management services to the local utility;
A company in Asia working to improve the combustion efficiency of power plants, by using a new technology of fuel emulsification;
An ESCO in Latin America interested in developing a new business model with the power utility to replace inefficient street lighting and share the energy efficiency savings with the municipality.
For more information on IFC's work in utility efficiency, please see our Sector pages.