First published as a draft in 2016, the Electricity methodology needed to be updated to ensure it remains cutting-edge in its ambition, relevance, and comprehensiveness.
You can find the updated version of the methodology here.
The World Benchmarking Alliance has used the former methodology twice, for the first and second iterations of the Electric Utilities Benchmark, in 2020 and 2021 respectively. For the third iteration of this Benchmark released next November, 70 companies will be assessed with this updated version.
What was the process to update the Electricity Methodology?
First, we have collected feedback from assessors working on WBA Climate & Energy Benchmark.
A public consultation was launched in March 2023 for 2 weeks. Most of the targets were stakeholders, members from the former ACT Technical Working Group, pilot companies during methodology development, WBA assessed companies, and ACT users.
This public consultation ensured that the ACT Electric Utilities methodology reflects the most relevant topics to the sector’s low-carbon transition through expertise of all participants.
Bilateral discussions with various stakeholders (ADEME, CDP, EDF, etc.) were organised as well as weekly meetings gathering WBA, ADEME and CDP.
What changes are brought to the methodology?
- Scope of sectoral activities has been extended, including electricity retail activities alongside electricity generation.
- ‘Qualitative’ modules refreshed according to latest versions available published in 2022 (modules 5-8) and 2023 (module 9).
- Addition of some performance indicators, assessing relevant topics such as the share of CapEx dedicated to low-carbon solutions.
- List of 1.5°C aligned low-carbon scenarios to be used.
