Energy Performance Measurement for New Ventures
When the New Venture becomes a relevant business activity under the Energy Conservation Act, the registered corporation with operational control over the relevant business activity is required to report (a) the total energy consumption of the New Venture facility and (b) the energy use and energy performance indicators of key energy-consuming systems based on measured values in the Energy Use Report:
Thus, owners of New Ventures are advised to plan for and install meters and instruments at design and construction phases to measure:
- Total energy consumption of the New Venture facility; and
- Energy consumption and intended output of the energy-consuming systems that account for at least 80% of the New Venture facility’s annual energy consumption.
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