Market transformation definition

Market transformation means a lasting structural or behavioral change in the marketplace that increases the adoption of energy efficient technologies and practices.
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Market transformation means a strategy for influencing the adoption of new techniques or technologies by consumers. The objective is to overcome barriers within a market through coordinating tactics such as education, training, product demonstration and marketing, often conducted in concert with rebates or other financial incentives.
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Market transformation means strategic efforts to induce lasting structural or behavioral changes in the market that result in increased energy efficiency.
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Examples of Market transformation in a sentence

  • Market transformation programs are strategic efforts, including, but not limited to, incentives and education designed to reduce market barriers for energy efficient technologies and practices.

  • Market transformation success has also been defined in terms of higher sales of efficient measures than would have otherwise occurred against a baseline absent of program interventions.

  • Market transformation programs may operate over a period of more than one year and may demonstrate cost-effectiveness over a period longer than one year.

  • Market transformation and direct energy savings and demand reductions are achieved through six (6) subprograms that make up the comprehensive program approach.

  • Adequacy of Financial Resources Table 1: Resources Reallocated fundsDuring the start-up phase of the program, the university will reallocate funds from general operation to support this new program.

  • Market transformation programs may be designed to obtain energy savings or peak demand reductions beyond savings that are reasonably expected to be achieved as a result of current compliance levels with existing building codes applicable to new buildings and equipment efficiency standards or standard offer programs.

  • In addition, Romford Market transformation will produce re-imagined public space with the aim of creating a new heart of the town in the Market Place and acting as a catalyst for the town’s future growth (P).

  • Market transformation includes promoting one set of efficient technologies, processes or building design approaches until they are adopted into codes and standards (or otherwise substantially adopted by the market), while also moving forward to bring the next generation of even more efficient technologies, processes or design solutions to the market.

  • The Local Plan should incorporate the major regeneration schemes in Romford Town Centre, including the Romford Station Scheme and Romford Market transformation, as well as schemes associated with the other Crossrail stations at Harold Wood and Gidea Park.

  • Market transformation is the process of getting these new products to a wider audience, removing market barriers, and exploiting opportunities to make the new market mainstream.


More Definitions of Market transformation

Market transformation means the strategic process of influencing customer population and trade ally’s decision-making that creates lasting change in customer behavior by removing barriers or exploiting opportunities to accelerate adoption of cost-effective energy efficiency as a matter of standard practice.
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Market transformation means the strategic process of intervening in a market to create lasting change in market behavior by removing identified
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Market transformation means a lasting structural or behavioral change in the marketplace that increases customer adoption of energy efficiency or peak reduction measures that will be sustained after any program promoting such behavior ceases.
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Market transformation. A Guide for Program Developers.” Energy Center of Wisconsin. Available at: xxxx://xxx.xxx.xxx/ecwresults/189-1.pdf 5 Xxxxxxxxx, X., Xxxxxxxxx, X., & Xxxxxxxxxxx, L. (2001) “From technology transfer to market transformation”. Proceedings of the European Council for an Energy Efficient Economy Summer Study. Available at xxxx://xxx.xxxxx.xxx/conference_proceedings/eceee/2001/Panel_2/p2_7/Paper/ 6 Xxxxxx, X. X., Xxxxxx, X., Xxxxxxx, X., Xxxxxxx, X., Xxxxxxxx, M., Xxxxxxx, X., Xxxxxx, X. (2001) A Framework for Planning and Assessing Publicly Funded Energy Efficiency. p. 6-4. Available at xxx.xxxxxx.xxx. 7 Xxxxx, X., and Xxxxxxxx, X. (2000). The Role of Rebates in Market Transformation: Friend or Foe. In Proceedings from 2000 Summer Study on Energy Efficiency in Buildings.‌ 8 York, D., (1999). “A Discussion and Critique of Market Transformation”, Energy Center of Wisconsin. Available at xxxx://xxx.xxx.xxx/ecwresults/186-1.pdf. permanent increases in energy prices. From an economic perspective, there are 3 ways to achieve market transformation: (1) fundamental changes in behavior, (2) provide proper price signals, and (3) permanent subsidy.” The question of what constitutes successful transformation is controversial because of a Catch-22: Market transformation is deemed successful when the changed market is self-sustaining, but that determination cannot be made until after program interventions are ended. Often, however, the need for immediate energy and demand savings or immediate carbon-emissions reductions will mean that program interventions may need to continue, which would interfere with the evaluation of whether MT is self-sustaining. Market transformation success has also been defined in terms of higher sales of efficient measures than would have otherwise occurred against a baseline absent of program interventions. The real world, however, provides no such control condition. Evaluators must estimate these baselines from quantitative factors such as past market sales that may be sparse and/or inaccurate - particularly for new products. Evaluations must also defer to expert judgments on what these baselines may have been as well as on the degree of successful market transformation9. Due to the subjective nature of these judgments, it is imperative that baselines as well as milestone MT targets be determined and agreed upon through collaborative discussion by all stakeholders, and these targets may need periodic revision as deemed necessary by changing cont...
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Market transformation. Substantial Progress from a Decade of Work.” American Council for an Energy-Efficient Economy, Report Number A036. Available at: xxxx://xxx.xxxxx.xxx/pubs/a036full.pdf 10 Xxxxxx (1995) Diffusion of Innovations, 5th Ed. 11 Example in bottom chart of this graphic from NYTimes: xxxx://xxx.xxxxxxx.xxx/imagepages/2008/02/10/opinion/10op.graphic.ready.html 12 Xxxxxx et al (2001) p. 6-5,‌
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Market transformation means coordinated activi-ties, at the state, regional, or national level, that transform markets for the support of efficient technologies and practices or renewable resources. The intent of market transformation is to undertake activities that will increase the market share so that the activity will be sustained after incentives or other support is withdrawn.
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Related to Market transformation

  • Local public procurement unit means any political subdivision or unit thereof which expends public funds for the procurement of supplies, services, or construction.

  • Firm Transmission Feasibility Study means a study conducted by the Transmission Provider in accordance with Tariff, Part II, section 19.3 and Tariff, Part III, section 32.3.

  • Coordinated External Transaction means a transaction to simultaneously purchase and sell energy on either side of a CTS Enabled Interface in accordance with the procedures of Operating Agreement, Schedule 1, section 1.13, and the parallel provisions of Tariff, Attachment K- Appendix.

  • Market Monitoring Unit means the consulting or other professional services firm, or other similar entity, retained by the Board, as specified in Section 30.4.2 of Attachment O, that is responsible for carrying out the Core Market Monitoring Functions and the other functions that are assigned to it in Attachment O. The Market Monitoring Unit shall recommend Tariff and market rule changes, but shall not participate in the administration of the ISO’s Tariffs, except as specifically authorized in Attachment O.

  • Monitoring Indicator means a measure of HSP performance that may be monitored against provincial results or provincial targets, but for which no Performance Target is set;

  • Marketing Materials has the meaning ascribed thereto in NI 41-101;

  • Market Monitor means the head of the Market Monitoring Unit.