Carbon Credited Farming (CCF) has introduced Energy Credit Program to enable volume grid and production efficiencies to be implemented through national and regional programs.
The CCF Energy Credits Program implements auditable energy efficiencies through education, baseline auditing and practicable product and service applications, all of which is expected to result in volume job creation at the shop floor and management levels.
The company said that the program will benefit business and consumer customers through reduced costs of energy, be it water or electricity, with a no-cost energy efficiency program.
The Energy Credit Program creates customized programs for each power company with an initial focus on high volume, low margin users to accelerate the impact of the program on grid-based capacity pressure. In addition, it provides for monitoring and implementation of customer efficiencies that are in line with a company’s business.
When customers adopt energy efficient activities or products such as installation of high efficiency insulation, low power lighting, efficient air-conditioning systems within their households or businesses, this reduces energy demands and creates energy credits. These energy credits can be purchased by power companies.
The company claimed that through the creation and purchase of energy credits, power companies will reduce capacity loading, especially during peak demand times, reduce and defer capital demand for grid and power generation investment.
The company added that the program will also provide power companies with the ability to meet greenhouse gas emission targets and increase revenues from current capacity by shifting from wholesale to retail markets.
Energy Credits are created by consumers adopting a series of energy efficient activities or products that reduce energy demands from electrical resources based on an audited baseline.
These savings are monitored by the power producers through current billing systems and third party auditing.
Through the creation and purchase of energy credits, customers will reduce their energy bills, finance some of these activities through the energy credit program and reduce maintenance, according to the company.
Gregg Fryett, CEO of Carbon Credited Farming, said: ”Grid side efficiencies and their volume implementation not only build power production capacity, but they also route infrastructure capacity to market.
”And when analyzed financially, this is highly beneficial to governments, companies with cost control demands and for the power and grid companies who have a more efficient and profitable business model to apply.”