The Public Utility Commission is seeking contractors to bid for an Independent Audit of Reported Savings and Cost-Effectiveness of Programs Delivered by Vermont Energy Efficiency Utilities
Some bidders have identified potential conflicts of interest because of their work with the Department of Public Service. All bidders are requested to fully disclose any potential conflicts of interest, including: (1) any business relationship with the Department, BED, VEIC, or VGS, including the nature of the work and how it relates to the Statement of Work for the Independent Audit; (2) the term of that business relationship (value of contract, end of performance period, and any other relevant information), and (3) why the bidder believes that the business relationship does not constitute a conflict of interest. Updated on December 2, 2021.
Updated December 7, 2021
Question: In reviewing the previous audit, we noted that the contractor used a calculator developed by VEIC to calculate the benefits related to the energy and demand savings and ultimately the cost-effectiveness of the energy efficiency programs.
- Is it the Vermont PUC’s intent that the contractor chosen in this RFP would follow a similar approach?
- If so, should our proposal consider a review of this calculator tool as part of the audit and calculation of cost-effectiveness?
Response: Yes, any proposal should address the bidder’s approach to review of the tools used in determining the energy and capacity savings and cost-effectiveness of the EEU programs. As more fully described on page 4 of the RFP:
“At a minimum, the Independent Auditor will perform an independent review of:
• The cost-effectiveness of each of the EEUs’ programs, including Efficiency Vermont’s, BED’s, and VGS’s;
• The reported energy and capacity savings achieved by Efficiency Vermont, BED, and VGS;
• The Technical Reference Manual (which is a basis for the EEUs’ savings claims) and the process for managing and updating it;
• The database and other information compiled by each EEU that are used to develop and track savings claims and project costs;
• The procedures and methods used in the Department’s savings claims verification process; and
• Any other relevant information, including information developed through the Department’s programmatic evaluation, when appropriate.”