What is PD ISO/TS 50044- Energy saving projects about?
PD ISO/TS 50044 specifies guidelines for how to compare and prioritize energy-saving projects (EnSPs) before implementation, using economic and financial evaluation. It includes a common set of principles. The aim of an economic and financial evaluation is to provide the information needed to make a judgement or a decision in relation to EnSPs.
PD ISO/TS 50044 is applicable to all energy-saving projects and energy performance improvement actions (EPIAs) that are developed by stakeholders and organizations for improving energy performance, irrespective of the type and size of an organization and its energy consumption.
PD ISO/TS 50044 helps you with a complete assessment of an investment in an energy-saving project by analysis of all costs and benefits over the lifetime of the investment.
Who is PD ISO/TS 50044- Energy saving projects for?
PD ISO/TS 50044 on energy-saving projects applies to:
- Energy savings project developers
- Project investment evaluators
- Regulatory bodies
- Auditing bodies
Why should you use PD ISO/TS 50044- Energy saving projects?
An energy saving project includes identifying opportunities to actively reduce energy usage in a building or facility and implementing a detailed project plan to install and commission energy conservation measures and energy-saving equipment that result in measured improvements in energy efficiency and energy savings in both economic and/or environmental terms.
PD ISO/TS 50044 gives you direction on a methodological framework for calculating, evaluating, and reporting economic status by defining economic indicators to help you choose energy performance improvement activities. PD ISO/TS 50044 includes examples and concepts to demonstrate the financial value of energy-saving initiatives in order to ensure the organization's business link.
PD ISO/TS 50044 helps determine an appropriate approach or type of analysis at an appropriate level of detail and to assist energy savings evaluators in completing consistent analyses using documented assumptions and reasoning.
PD ISO/TS 50044 includes analytical techniques that are commonly required for an economic evaluation of energy-saving projects.
The method of analysis in PD ISO/TS 50044 thus provides a far better assessment of an investment's long-term implications than methods that focus on first cost or short-term returns.
