Failsafe
Verification Services for Energy Management & Regulatory Consulting
Failsafe Canada provides consulting services for the regulation of electric,
gas and water utilities,
including financial analysis, tariff analysis and cost of service, economic
analysis and business plans, regulatory policy analysis and development,
measurement & verification of emission reductions.
Failsafe Canada also offers verification services
for GHG reduction projects, inventories, technologies/products and programs.
Failsafe uses established standards and applies our expertise for verifying GHG
assertions, including the underlying plans, management systems, procedures,
protocols, controls, methodologies and data in line with the objectives and
needs of intended users. Failsafe verification services provide customers with
an independent opinion on their GHG assertions to provide assurance about the
credibility of GHG activities (e.g. projects, inventory).
Our skill set includes the following:
Measurement and Verification:
Third party Audit, Measurement & Verification by Certified Measurement and
Verification Professionals (CMVP)
- Carbon Emission Limits
- Energy Efficiency
Regulation of Electric, Gas and Water Utilities:
- Regulatory policy development
- Legislative drafting
- Regulatory support
- Regulatory Analysis
Revenue Requirement:
- Revenue requirement analysis, forecasts
- Revenue forecast analysis
- Rate of return analysis
- Analysis of depreciation studies
Tariffs and Cost of Service:
- Cost of Service Studies
- Rate design
Economic Analysis:
- Preparation of business plans
- Feasibility studies
Markets:
- Electricity and Gas Market analysis and design
Energy Procurement:
- Electricity supply contracts
- Gas supply contracts
Auditing the Auditor
Due Diligence using our knowledge of standards and verification protocols/procedures has
given Failsafe Canada Inc. the reputation of excellence and integrity. For clients that want
to double check the work of other auditors for purposes of due diligence,
Failsafe Canada Inc.can review the previous auditor’s documentation to assure the quality
of the verification and related assertions.
Verification Services for GHG Reduction Projects can verify (“ex
post”, after the start of the project and generation of emission reductions) of
GHG project assertions, such as amount of tonnes of CO2e reduced or conformance
with a specific standard or program (e.g. ISO 14064, CDM Approved
Methodologies). We also perform pre-verification “test audits” to identify gaps
and opportunities for improvement before the actual verification.
Organizational GHG Inventories and Management Systems can verify GHG inventory
assertions such as amount of tonnes of CO2e emitted or conformance with a
specific standard or program (e.g. ISO 14064, Alberta GHG Regulations). We also perform
pre-verification “test audits” to identify gaps and opportunities for
improvement before the actual verification.
Verification Services for GHG Technologies and Products
These services include verification using quantification, monitoring and testing
methodologies developed to quantify GHG emission reductions for technical
correctness, consistency with relevant policies and programs, and acceptance
with intended users.
Validation (“ex ante”) and Verification
(“ex post”) of GHG assertions using new or approved methodologies.
Verification of GHG and technical performance of new technologies and products.
Pre-validation and pre-verification “test audits” to identify gaps and opportunities for improvement before the
actual validation or verification.
Verification Services for GHG Programs
These services include validation of new project or product-specific methodologies and
sector protocols developed to quantify GHG emission reductions for technical
correctness, consistency with GHG program criteria and processes, and acceptance
with intended users. Validation (“ex ante”) of GHG assertions using new or
governmentally approved methodologies.
Verification (“ex post”) of GHG assertions, including:
GHG emission reductions are free from material misstatement based on specified
criteria.
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