Portfolio Managers

Business Energy Pro relies on third-party service providers, referred to as Portfolio Managers, to deliver energy savings from a portfolio of eligible utility customers that have implemented efficiency projects. For energy efficiency providers, Business Energy Pro provides flexibility, minimizes transaction and administrative costs, and secures a multi-year cash flow to support innovative solutions and services for larger portfolios of projects. Under this pay-for-performance model, the more a service provider saves its customers, the more it will be compensated. The pilot program will use utility meter data and the CalTRACK methodology to calculate energy savings via an Advanced Measurement and Verification platform.

A team with the knowledge and skills to perform energy efficiency installations and interventions, as well as the marketing, sales, and support expertise to effectively develop and implement a portfolio of projects is required. A Portfolio Manager can perform all necessary functions, or they can form partnerships, sub-contracts, or other business arrangements.

Why should you participate?

  • Increased incentive for high performers
  • Flexibility and incentive to design services around what customers want
  • Minimized transaction costs and administrative burden
  • Multi-year cash flows that can support finance solutions and add-on services
  • Portfolio-level performance to manage risk and achieve scale
  • The opportunity to take part in a cutting-edge pilot

Who should apply?

Service providers with:

  • Prior experience implementing small commercial efficiency projects/programs
  • Proven track record of strong sales pipeline and financing capacity
  • Understanding of customers’ needs and the market landscape in Con Edison’s territory
  • The ability to implement multi-measure projects that yield steady deep savings over time

Who can you recruit?

To qualify for the pilot, the small or medium commercial customers you recruit need to:

  • Have an electric and/or gas Con Edison account with at least 13 months of billing history.
  • Be located on Staten Island or in Westchester County.
  • Have a smart meter installed prior to project implementation.

Do you have an interest in partnering on a Pay for Performance Pilot or learning more? Please contact bepconed@nyserda.ny.gov

Apply to Business Energy Pro to become a Portfolio Manager