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Energy Performance Contracting - Is it time to check the small print?

Fennell, PJ; Ruyssevelt, PA; Smith, AZP; (2016) Energy Performance Contracting - Is it time to check the small print? In: Proceedings of the 4th European Conference on Behaviour and Energy Efficiency (BEHAVE 2016). European Conference on Behaviour and Energy Efficiency: Coimbra, Portugal. Green open access

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Abstract

Energy Performance Contracting has been suggested as a key strategy to increase energy efficiency retrofits of existing building stock: reducing the uncertainty of returns on the investment by guaranteeing the level of energy savings that will result and thus making energy efficiency investment significantly more attractive. However, in order for this potential to be realised, investors need to have confidence in the level of protection offered by the guarantee. This study explores the consequences of alternative approaches to measuring and verifying savings due to a lighting retrofit project in a hypothetical UK school. It finds that the hours of lighting use can significantly affect the final savings. In most cases a significant increase in gas consumption is seen which is ignored by several of the measurement options leading to the potential for a loss of confidence in the value of the savings guarantee if a more transparent approach is not taken by the contractor.

Type: Proceedings paper
Title: Energy Performance Contracting - Is it time to check the small print?
Event: 4th European Conference on Behaviour and Energy Efficiency (BEHAVE 2016)
Location: Coimbra, Portugal
Dates: 08 September 2016 - 09 September 2016
Open access status: An open access version is available from UCL Discovery
Publisher version: https://www.uc.pt/en/org/inescc/org_scientific_eve...
Language: English
Additional information: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Energy efficiency investment, ESCO, energy performance contracts, IMPVP, Measurement and Verification
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources
URI: https://discovery.ucl.ac.uk/id/eprint/1542172
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