Energy Performance Contracting
An Energy Performance Contract (EPC) means a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings.
Energy Performance Contracting, when done correctly, is considered today by many experts as the most appropriate and cost effective way to deliver and optimize energy efficiency measures and investments in buildings and industrial facilities. EPC has delivered guaranteed and sustainable savings since the 1980's in North America and since the 1990's in Europe and the rest of the World.
Many of BELESCO's members either provide or facilitate Energy Performance Contracts in the public and private sector. EPC is being used today by many private enterprises, governments, provinces, cities and municipalities, schools and universities, hospital owners, real estate owners, plant owners and other building managers to realize and finance their energy efficiency projects.
To learn more about EPC download the BELESCO guide: "Energy Performance Contracting, an introduction" either in Dutch or in French.