An espc is a partnership between an agency and an energy service company esco.
Energy performance contracting companies.
Energy performance contracting in switzerland in switzerland the swissesco 7 business association is promoting and developing epc.
The doe qualified list of escos is required by the energy policy act of 1992 as implemented by 10 cfr 436 32.
Energy savings performance contracting espc is a method of finance that allows a facility to complete energy saving improvements within an existing budget by paying for them with money saved through reduced utility expenditures.
Escos are distinguished from other firms that offer energy efficiency improvements in that they use the performance based contracting methodology.
The business model does support the goals of the swiss federal energy strategy 2050 by promoting energy efficiency.
By partnering with an energy service company esco a facility owner can use an espc to pay for today s facility upgrades with tomorrow s energy savings without tapping.
Swissesco was established in september 2015.
Facilities make no up front investments and instead finance projects through guaranteed annual energy savings.
When an esco implements a project the company s compensation is directly linked to the actual energy cost savings.