Energy Service Company Grading

Bureau of Energy Efficiency (BEE) has undertaken the empanelment of 114 Energy Service Companies (ESCOs) to date, with the objective of encouraging implementation of energy efficient retrofit measures within utilities across the country on performance contracting mode.

We have been involved in the development of the framework for grading ESCOs along with BEE and have a very good understanding of the energy saving sector, leading to unbiased & fair grading. We have graded more than 52 ESCOs - the largest number amongst all rating agencies - since 2008.

Grading List

We have graded the following ESCOs:

ACCE
Air Treatment Engineering Pvt. Ltd.
Ashta dal
Asian Electronics
Asiatic Traders
Bureau Veritas
CEIL
Connect M
CtrAN Consulting Ltd.
Diaonics Automation (I) P Ltd.
Dynaspede Power Tech
Encon Energy Management Services P Ltd.
Energetic Consulting
Energo Engineering Projects Ltd.
Enervision
Enzen
Epic Energy Ltd.
FIVE M
GH Iyer & Associates
GETPower
G-ON Energy Controls
GTL
Honeywell Automation India Ltd.
HV Airconditioning Systems Pvt. Ltd.
ICMQ Certification India Pvt. Ltd.
Indo Asian Power Distribution & Infrastructure (P) Ltd.

Intemo Systems Ltd.
Kehems Consultants Pvt. Ltd.
L&T EBG
Legature
Marathwada Institute of Technology
Moser Baer
NDPL Numeric
Power Controls
Paras Equipments & Engineers Private Ltd.
Philips
Pranat Engineers
Rajasthan
Electronics & Instruments Ltd
Rayon
Real Energy
RTL Energy Tech
Salzer Electronics Ltd.
Sanarti Group
Schneider Electric
SEE Tech
Siri Exergy & Carbon Advisory (P) Ltd.
State Productivity Council - West Bengal
Thermax
Trane India
Transparent
TUV
Voltas Ltd
 

Grading Process

The definition of various grades on the grading scale is as follows:

Grading  Definition
Grade 1 Very high ability to carry out energy efficiency audits and implement energy saving projects
Grade 2 High ability to carry out energy efficiency audits and implement energy saving projects
Grade 3 Good ability to carry out energy efficiency audits and implement energy saving projects
Grade 4 Below average ability to carry out energy efficiency audits and to implement energy saving projects
Grade 5 Poor ability to carry out energy efficiency audits and implement energy saving projects

Grading Methodology

Grading of ESCOs is done on three broad parameters, namely Track Record and Market Position, Organisational Risks, and Financial Risks. A 100 point scale has been devised based on the above parameters. Data pertaining to these parameters is obtained from ESCOs, and meetings are carried out with their key officials in the technical, marketing and financial departments. Further, feedback is also taken from customers as well as bankers. Based on the accumulatd data and interactions, the scores are assigned to the ESCO.

Grading Scores

Grading  Score
Grade 1  85 and higher
Grade 2 70-84
Grade 3 55-69
Grade 4 40-54
Grade 5 0-39

Grading Scales

The ​definition of various grades on the grading scale is as follows:
 

Grading  Definition
Grade 1  Very high ability to carry out energy efficiency audits and implement energy saving projects.
Grade 2 High ability to carry out energy efficiency audits and implement energy saving projects.
Grade 3 Good ability to carry out energy efficiency audits and implement energy saving projects.
Grade 4 Below average ability to carry out energy efficiency audits and to implement energy saving projects.
Grade 5 Poor ability to carry out energy efficiency audits and implement energy saving projects.

Grading Weightage

Weightage ​assigned to broad parameters for the Grading/Re-evaluation Exercise
 

Parameter
Weightage
Track Record and
Market Position
40
Organisational Risk
25
Financial Risk
35

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