The Bid to Win Program is a series of online reverse auctions for financial incentives. During the auctions, pre-qualified customers and Solution Providers can submit bids to deliver energy savings at a price per kilowatt hour (kWh). The pre-qualified bidder(s) with the lowest bid prices will then be eligible for large incentive awards of potentially more than $1 million for the completion of energy efficiency projects. Each project must result in 3 million kWh or more in energy savings to be eligible for the program. Projects that deliver between 90-110% of the estimated kWh savings after project verification will also receive an additional incentive bonus of $0.005/kWh from AEP Ohio.
In order to be able to participate in the program, customers and Solution Providers must respond to a Request for Qualifications (RFQ) prior to an auction and be approved to participate in the program.
Eligible projects must be pre-approved prior to implementation, meet the minimum energy saving level, and meet all program requirements as stated in the RFQ. RFQ responses are due by Friday, December 20th.
For more information please visit: https://aepohio.com/save/programs/EnergyEfficiencyAuction/Default.aspx?ctype=b.