Italian participants include: companies and public administrations with

Italian EEOS

 

In 2004, Italy launched its WCS
as part of the laws related to the national electricity and gas market
liberalization that requested a policy measure for Distributed System Operators
(DSOs), companies with more than 50,000 users connected to their grid, to
implement energy efficiency projects. In this EEOS, DSOs must present every 31st
of May the number of certificates1 that
correspond to their targets of the previous year. Certificates can be produced by
implementing energy efficiency projects either in the own assets of the DSO or
in end-user assets. In case of a shortfall, DSOs can also buy certificates from
a market platform hosted and managed by the state-owned company in charge of
promoting and supporting renewable energy sources in Italy (GME, Gestore dei Servizi Energetici). In
addition to DSOs, voluntary participants can also produce certificates
resulting from the implementation of energy efficiency projects. Allowed
voluntary participants include: companies and public administrations with an
appointed energy manager, with a voluntary appointed energy manager, or with an
ISO 50001 energy management system; Energy Services Companies (ESCOs); DSOs
with less than 50,000 users; and, companies controlled or linked to obliged
DSOs. Almost all projects are eligible under the Italian EEOS, except for the
ones focused on efficiency in electricity generation, as long as their savings
are additional to the market average or mandatory standard. Some features that
give flexibility to the Italian EEOS obligated entities are the possibility of
retaining certificates for its use or trading in future years and the option to
trade certificates in the spot market and through bilateral contracts. This EEOS
serves as an example that this type of schemes can work across all sectors and
all technologies, covering around 60% of the 2020 country’s energy efficiency
target. Also, showcases how a set of standardized saving projects (not
requiring metering systems) are important in the scheme’s introductory phase
whereas more structured (and complex) projects become fundamental as the
stringency of the targets rises with time. (ENSPOL, 2015)

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1
One certificate equals to one Toe of additional savings.

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