EN 17463:2021/FprA1

Valuation of Energy Related Investments (VALERI) - Amendment 1

To amend EN 17463 to fix some errors

Bewertung von energiebezogenen Investitionen (VALERI) - Änderung 1

Évaluation des investissements liés à l'énergie (VALERI) - Amendement 1

Vrednotenje investicij v zvezi z energijo (VALERI) - Dopolnilo A1

General Information

• Status: Not Published
• Publication Date: 21-Dec-2025
• ICS: 03.100.01 - Company organization and management in general
• ICS: 27.015 - Energy efficiency. Energy conservation in general
• Technical Committee: CEN/CLC/TC 14 - Energy management, energy audits, energy savings
• Drafting Committee: CEN/CLC/JTC 14/WG 4 - Energy financial aspects
• Current Stage: 5060 - Closure of Vote - Formal Approval
• Start Date: 23-Oct-2025
• Due Date: 25-Aug-2025
• Completion Date: 23-Oct-2025
• Ref Project: SIST EN 17463:2021/kFprA1:2025 - Valuation of Energy Related Investments (VALERI) - Amendment 1

Relations

• Amends: EN 17463:2021 - Valuation of Energy Related Investments (VALERI)
• Effective Date: 06-Mar-2024

Overview

The EN 17463:2021/FprA1 standard, titled Valuation of Energy Related Investments (VALERI) - Amendment 1, issued by CEN, serves as an important update to the original EN 17463:2021 standard. This amendment addresses and corrects specific errors found in the initial document, enhancing clarity and precision in evaluating energy-related investments.

With a focus on energy efficiency, cost assessment, and investment valuation, this amendment supports organizations in applying standardized methodologies for economic appraisal within the energy transition framework. It aligns with broader efforts for sustainable and efficient energy management, providing updated guidance critical for decision-makers in both public and private sectors.

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Key Topics

• Corrections to Symbols and Terminology
  Amendment 1 revises Clause 4 to clarify symbols, abbreviations, and subscripts, ensuring accurate and uniform interpretation across VALERI implementations.

• Price Variation Effects
  Clause 6.3.2 introduces an updated table on price variation impacts on cash flows, providing a detailed overview of scenarios including energy savings, maintenance reductions, depreciation, and monetization of costs.

• Investment Scenario Analysis
  Updates in Clause 7.1.1 refine scenario analysis tables to include realistic worst-case and best-case financial outcomes, incorporating price variations and lifecycle assumptions for more robust investment appraisal.

• Reporting Improvements
  Modifications to Clause 9 focus on enhancing reporting accuracy, particularly in financial scenario summaries like net present value (NPV) projections.

• Annex Updates for Practical Application
  Annexes D and F reflect refined data tables and sensitivity analyses. These updates aid in more precise cash flow modeling and risk assessment related to combined heat and power (CHP) systems and other energy investments.

• Bibliography Modernization
  References to existing standards such as ISO 50001 and EN 16247-1 have been updated to reflect the 2018 and 2022 versions, ensuring adherence to current best practices in energy management and auditing.

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Applications

• Energy Project Valuation
  EN 17463:2021/FprA1 is essential for industries and utilities assessing capital expenditures (CAPEX) and operational expenditures (OPEX) in energy infrastructure projects, such as pump systems and CHP units.

• Investment Decision Support
  Financial analysts and energy managers use this amendment for enhancing scenario-based investment models, helping to forecast economic viability under variable market conditions.

• Energy Efficiency Programs
  The standard supports organizations implementing energy savings initiatives by providing standardized methods for quantifying cost savings and benefits, facilitating transparent communication with stakeholders.

• Risk and Sensitivity Analysis
  By integrating sensitivity analysis frameworks, the amendment aids in identifying critical economic parameters influencing investment outcomes, enabling better risk mitigation strategies.

• Regulatory Compliance and Reporting
  Energy-intensive companies and regulatory bodies can adopt these methodologies to align with energy transition policies and reporting requirements related to energy consumption and sustainability investments.

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Related Standards

• EN ISO 50001:2018 – Energy management systems – Requirements with guidance for use
  Provides a framework for establishing energy management best practices, complementing the VALERI approach for investment evaluation.

• EN 16247-1:2022 – Energy audits – Part 1: General requirements
  Specifies procedures for conducting comprehensive energy audits, vital for identifying investment opportunities governed under VALERI.

• ISO 14040 Series – Environmental Management – Life Cycle Assessment
  While not directly amended here, this series supports holistic environmental analyses that can be integrated with energy investment valuations.

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Keywords: EN 17463 amendment, VALERI standard, valuation of energy related investments, energy efficiency investments, energy project appraisal, energy management standards, investment scenario analysis, energy price variation effects, sensitivity analysis, CEN standards, CHP system valuation, energy audit compliance.

Standards Content (Sample)

SLOVENSKI STANDARD
SIST EN 17463:2021/oprA1:2024
01-oktober-2024
Vrednotenje investicij v zvezi z energijo (VALERI) - Dopolnilo A1
Valuation of Energy Related Investments (VALERI) - Amendment 1
Bewertung von energiebezogenen Investitionen (VALERI) - Änderung 1
Évaluation des investissements liés à l'énergie (VALERI) - Amendement 1
Ta slovenski standard je istoveten z: EN 17463:2021/prA1
ICS:
03.100.01 Organizacija in vodenje Company organization and
podjetja na splošno management in general
27.015 Energijska učinkovitost. Energy efficiency. Energy
Ohranjanje energije na conservation in general
splošno
SIST EN 17463:2021/oprA1:2024 en,fr,de
2003-01.Slovenski inštitut za standardizacijo. Razmnoževanje celote ali delov tega standarda ni dovoljeno.

SIST EN 17463:2021/oprA1:2024
SIST EN 17463:2021/oprA1:2024
CEN/CLC/JTC 14
Date: 2024-04
prEN 17463:2021/A1:2024
Secretariat: UNI
Valuation of Energy Related Investments (VALERI) - Amendment 1
Bewertung von energiebezogenen Investitionen (VALERI) - …………….
Évaluation des investissements liés à l'énergie (VALERI) - ………………….
ICS:
SIST EN 17463:2021/oprA1:2024
EN 17463:2021/prA1 2024 (E)
Contents Page
European foreword . 3
1 Modification to Clause 4, “Symbols, abbreviations and subscripts” . 4
2 Modification to clause 6.3.2, “Consideration of price variation effects” . 5
3 Modification to clause 7.1.1, “General” . 6
4 Modification to clause 9, “Reporting (phase D)” . 6
5 Modification to Annex D . 7
6 Modification to Annex F . 9
7 Modification to the Bibliography . 9

SIST EN 17463:2021/oprA1:2024
EN 17463:2021/prA1:2024 (E)
European foreword
This document (EN 17463:2021/prA1:2024) has been prepared by Technical Committee
CEN/CLC/JTC 14 “Energy efficiency and energy management in the framework of energy transition”, the
secretariat of which is held by UNI.
This document is currently submitted to the CEN Enquiry.
SIST EN 17463:2021/oprA1:2024
EN 17463:2021/prA1 2024 (E)
1 Modification to Clause 4, “Symbols, abbreviations and subscripts”
In the first cell of the table header, replace “Symbol” with “Symbols, abbreviations and subscripts”.
Add the following new row, just below the table header, to read:
“
a Annum, equal to Year
“
SIST EN 17463:2021/oprA1:2024
EN 17463:2021/prA1:2024 (E)
2 Modification to clause 6.3.2, “Consideration of price variation effects”
Replace the whole table 4 with the following:
Table 4 — Overview of all effects, their characteristics and the time allocation of cash flows
Value per To be
Monetisatio unit Point in Price Degradatio included in
Effects of the ERI Quantity Amount
n possible? (specific time variation n final
costs) report?
Initial investment for
5 pumps yes 12 000 € 60 000 € year 0 – n.a. 
new pumps
Designing new pump

100 hours yes 50 €/h 5 000 € year 0 – n.a.
system
15 hours during
Production losses

the exchange of partially 200 €/h 3 000 € year 0 – n.a.
during set up
the pumps
Annual energy saving every
150 000 kWh/a yes 0,18 €/kWh 27 000 € +3 %/a +0 %/a 
(electricity) year
every
Less maintenance 5 h less every year yes 50 €/h 250 € +2 %/a n.a. 
year
reduction from every
Noise reduction no – – – n.a. 
90 ⟶ 65 dB year
Scrap value of old
5 pumps yes 300 € 1 500 € year 0 – n.a. 
pumps
New pumping system every
10 m no – – – n.a. 
takes up less space
year
After table 4, delete the note.
Benefits Efforts
SIST EN 17463:2021/oprA1:2024
prEN 17463:2021/A1 2024 (E)
3 Modification to clause 7.1.1, “General”
In table 6, replace rows 15 and 16 wi
...