catalyst 2016: greenhouse gas reporting, accruals
TRANSCRIPT
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Greenhouse Gas Reporting and Accruals
Steve Heinz, PE, CEMFounder & CEOEnergyCAP, Inc.
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Accruals can be hard to love!
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What Is An Accrual?An accrual is a “gap-filling estimate” to complete an accounting period.
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An Accrual Fills A Gap
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When Are Accruals Helpful?Fiscal period profit and loss financial statements
More accurate close of each fiscal period
Expense performance vs. budget
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How are accruals created?Method 1: Simple cost/day using most recent bill
Calculate ADC from most recent bill
Multiply ADC x # days in accrual gap
This yields a reasonable accrual cost
But beware of seasonality!
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How are accruals created?
Method 2: Same-period use/day from last year and AUC of most recent bill
Calculate ADU from same month in prior years
Multiply ADU x AUC of most recent bill
This yields a more accurate accrual in most cases…if historical bills are available and accurate
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How are accruals created?Method 3: Actual interval (15-minute) data and rate schedule
Use near real-time smart meter data
Apply actual utility company rate schedule
Potentially very accurate, but beware ofrate complications! Use current AUC for simplicity.
Not available in EnergyCAP at this time
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Accruals exampleAccrual using the same-period use/day from the average of three prior years and the most recent AUC
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Billing Period Ends 10/27
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Fiscal Period Ends 11/08
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Incomplete Fiscal Period by 8 days
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Meter is weather sensitive
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Accrual is processed
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Accrual is created for 13 days
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Accrual reversalRemove accrual to avoid double entries
Delete/void accrual when actual bill arrives, or
Reverse with equal and opposite transaction (this option not in EnergyCAP Online at this time)
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Accrual Workflow Method 1 in EnergyCAPUse BL33 Report
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Accrual Workflow Method 2 in EnergyCAPUse Bill Processing - Accruals
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Are Weather Adjustments Worth It?
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Should Accruals Be Included In PowerViews?
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Should Accruals Be Included In Reports?
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Filter Accruals Out of Bill Lists
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Filter Accruals Out of Bill Lists
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With the right tools,accruals can be very useful!
Note: Accruals are a validated option in EnergyCAP, not included in every license.
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Greenhouse Gas Fundamentals
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Six gases that have global warming potential:Carbon dioxide (multiplier = 1)
Methane (multiplier = 21)
Nitrous oxide (multiplier = 310)
Chlorofluorocarbons (sulfur hexafluoride, hydrofluorocarbons, perfluorocarbons)
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Greenhouse Gas FundamentalsMeasured in equivalent metric tons of CO2 (often shown as CO2e)
Metric ton=1,000 kg=2,205 lbs
U.S. national average is 20 mTon/person/yr
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EPA’s eGRID Subregions
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EPA’s eGRID DatabasePounds of C02 equivalent per MWh
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EPA’s GHG Equivalencieswww.epa.gov/cleanenergy/energy-and-you/how-clean.html
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How is GHG Used in EnergyCAP?
Live Demo:Meter
Building and Organizational rollups
Solar and renewable GHG credits – use special template line item!
GHG Reports
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QuestionsVisit the Ace Place to learn more!
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