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Global Importance of Measurement and Verification in Energy Conservation

Measurement and Verification (M & V) is the rule of the game in Energy Conservation Projects where mode of the payment is “Pay as you save” and modus operandi is “Performance Contracting”. International Measurement and Verification Protocol (IPMVP) has four M & V protocols that are being practiced by Energy Servicing Companies (ESCO) in developed countries for evaluating the performance of any energy conservation project. This paper highlights the importance of M & V protocol.