Measurement & Verifications (M&V)

UtilityCap are International Performance Measurement and Verification Protocol (IPMVP) professionals and are certified to conduct M&V.

Measurement & Verification is crucial to what YOU do; it is how YOU measure the performance of a Cost Avoidance Program & savings. 

 (M&V) is the term given to the process for quantifying savings delivered by a Cost Avoidance Program.

M&V demonstrates how much energy the Cost Avoidance Program & Energy savings measure has avoided using, rather than the total cost saved. The latter can be affected by many factors, such as energy prices. The Measurement and Verification process enables the energy savings delivered by the Cost Avoidance Program & Energy savings measure to be isolated and fairly evaluated.

Various protocols for good practice in Measurement and Verification exist, including the International Performance Measurement and Verification Protocol (IPMVP), which defines common terminology and the key steps in implementing a robust M&V process.

A key part of the M&V process is the development of an ‘M&V Plan’, which defines how the savings analysis will be conducted before the Cost Avoidance Program & Energy savings measure is implemented. This provides a degree of objectivity that is absent if the savings are simply evaluated after implementation.