The programme offers a solution to LA struggling to gain investment in energy projects. It adds a structure to energy project assessment with performance indicators and financial models. This innovative funding solution operates such that the Energy Conservation Budget is utilised with an internal Energy Performance Contract (EPC). This is equivalent to an Internal ESCO (Energy Services Company). The ESCO provides the investment for an energy saving project, with the investment being repaid out of the reduced energy costs as a result of the energy savings made. The seed capital for the conservation budget was achieved through energy cost savings. Through the programme The LA does not lose out on the windfall gains from energy cost/efficiency savings which are often lost to the organisation as the operational budget are reduced based on the lower energy costs. This method allows the LA to continue to invest year on year in energy saving projects. Energy finance increases. As the LA approaches its 2020 target, the investment required to achieve the savings increases. In this case the fund also increases to match this requirement; Legal requirements are met – the public sector must deliver 33% energy efficiency savings by 2020.
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NEEDS ADDRESSED:
• lack of clear and easily accessible information on available energy service contracts and clauses (Art. 18)
• lack of clear and easily accessible information on financial instruments, incentives, grants and loans (Art. 18)
• there aren't any support available to the public sector in taking up energy service offers, in particular for building refurbishment (Art. 18)
• no access to model contracts for energy performance contracting (Art. 18)
• lack of information on best practices for energy performance contracting, including, if available, cost-benefit analysis using a life-cycle approach (Art. 18)
• no qualitative review in the framework of the National Energy Efficiency Action Plan regarding the current and future development of the energy services market has been completed (Art. 18)
• no measures in place to remove the regulatory and non-regulatory barriers that impede the uptake of energy performance contracting (Art. 18)
• the public sector doesn't use energy service companies, and energy performance contracting (Art. 18)
