The point on CB-TEE

Dopo il DM 11/01/17

On 3 2017 11 2017 2017 Decree was published 2020 XNUMX Decree "Determining the National Quantitative Energy Saving Goals to be pursued by electricity and gas companies for years from XNUMX to XNUMX and for approving New Guidelines for the preparation, execution and evaluation of energy efficiency projects ".
The new guidelines contained in the decree change the functioning of the CB / TEE incentive mechanism, previously defined by the DM 28 / 12 / 12 and by the AEEG EEN 9 / 11 Resolution.

The main changes to the mechanism concern:

1 Revision of the standardized method, confirmation of the final method (called "final projects" and standardized projects "); Abolition of the analytical method.

2 Abolition of the durability coefficient "tau" which temporally anticipated the cash flows compared to the actual energy savings achieved: now the technical life returns to coincide with the useful life of the intervention, limited to a maximum of ten years

3 Review of the efficiency measures that can be accessed by the mechanism (a first list is published in annex to the DM);

4 Baseline Review. The concept of baseline is reviewed, with which to evaluate energy savings, confirming the criterion of the energy saving constraint.

5 Access to the mechanism is provided through the stipulation of a "type contract" with the GSE (to be published within thirty days of the decree)

6 The co-responsibility between the project owner (who makes the investment) and the proposer (eg an ESCo) is introduced, which can be recognized directly by CB / TEE

5 The minimum project sizes are reduced: 5 Tep / year for PS and 10 Tep / year for PC

6 Four different types of CB / TEE are reduced to four: (Type I (electricity), II (ga), III (other energy), IV (transport))

We recall that for the purposes of achieving energy efficiency targets at 2020 (and the new mandatory 30% target for 2030 for the whole EU currently being discussed in Brussels), art. The 7 / 102 14 of the D.Lgs. 2 / 7 reads, under the 2012 paragraph: "The mandatory energy efficiency regime referred to in Article 27 of the XNUMX / XNUMX / EU Directive shall be constituted by the White Certificate Mechanism."
CB / TEE is therefore the incentive tool for achieving at least the 60% of the target 2020 (7, c.3 of the D.Lgs. 102 / 14). For the 2017-20 four-year term, the new CB decree sets increasing targets with the following primary energy savings (4, c.1 DM):
A) 7,14 millions of primary energy TEPs in the 2017;
B) 8,32 millions of primary energy TEPs in the 2018;
C) 9,71 millions of primary energy TEPs in the 2019;
D) 11,19 millions of primary energy TEPs in the 2020.

The current situation therefore sees increasing energy savings on the one hand and a downsizing of the mechanism in terms of economic "appetite" for energy efficiency investments on the other.
There is another factor to consider: it should be remembered that Italy has historically been always alert to energy efficiency and that after 10 years of CB / TEE (a tool that has been widely appreciated and copied in the world), steps have been taken giant. However, with the implementation of the "cheaper" interventions over the years, the reduction in the efficiency potential has inevitably increased the marginal cost of the interventions still to be made, which were previously left aside because less costly.
This situation adds the CB / TEE gap for the 2015 and 2016 years between the CB / TEE target and those actually issued.

At the moment, only the methods by which controls will be carried out and sanctions are clear, while the general regulatory situation remains uncertain, at least until they are published:
- the "type contract" to be entered into with the GSE (should be published by the end of June);
- the new cards for standardized interventions;
- the ENEA / RSE operational guides
Until then the new guidelines will not be usable

And the market? In response to this situation it has become "short" with a strong increase in TEE prices, with a record of around 270 € / TEE at the beginning of 2017, and then settling on an average weighted value of about 190 € / TEE.
Of course, a high CB / TEE ratio makes it more attractive, as the cost for the community increases.

Of interest to: