Bid4efficiency Program

The Bid4efficiency Program is an online reverse auction for financial incentives aimed for large projects over $25,000 incentives. During the auction, pre-qualified customers and Solution Providers can submit bids to deliver energy savings at a price per annual kilowatt hour saved or Watts reduced for projects occurring in 2018.

Auctions are held separately for customers and for Solution Providers, with auctions held for specific technologies and incentive amounts. The pre-qualified bidder(s) with the lowest bid prices will be eligible for incentive awards ranging from $25,000 to $1,000,000 for the completion of energy efficiency projects.

If you have a large project over $25,000 in calculated incentives and did not participate in the 2016-2017 auction, you still have options. Contact one of our 2017 Auction winners that have reserved money through the auction or contact Angie Rybalt for Default Rate alternatives, amrybalt@aep.com.

Who can participate?

  • AEP Ohio non-residential customers
  • Use more than 200,000 kWh/year
  • AEP Ohio Solution Providers that complete projects for AEP Ohio customers

For 2018, projects that deliver 80% or more of their total incentive savings award amount after project verification will also receive an additional incentive bonus of $0.005 per kWh saved.

Eligible Projects Must

  • Be pre-approved prior to implementation
  • Meet all program requirements as stated in the RFQ and Program Guidelines
  • Projects must be at locations within the state of Ohio and must hold an AEP Ohio electric account number
  • Projects must have a minimum payback, based on first year electricity costs savings, of at least one year

How The Program Works

  • Interested customers and Solution Providers should review and respond to the Request for Qualifications (RFQ).
  • Auctions are typically held in the fall for the following year.
  • Response requirements are outlined in the RFQ document.
  • Customers and Solution Providers that submit a response to the RFQ will receive a notification of receipt from the Program Administrator.
  • Once pre-qualified for an auction, customers and Solution Providers will be able to participate in the subsequent auction event for which they are eligible.

How To Participate

Dates And Deadlines

Informational Webinars

August 22nd – 11am

August 29th - 2pm

RFQ Response Deadline

Bidder Notification

October 2nd , 2017

Auction Event

October 23rd – 25th, 2017

Documents

For more information about the Bid4efficiency Program, contact us at aepohio@bid4efficiency.com or 1-800-782-0719

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