Energy in Action! — ESCO
Measurement & Verification: At the Core of Energy Performance Contracting
Posted by Denis Tanguay | Pierre Langlois on
In an EPC, each contracting parties has access to different knowledge. Indeed, ESCOs naturally know more about equipment performance than the owner or the financier and are in an excellent position to take the retrofit performance risks. On the other hand, building managers has knowledge and control over operational issues such as usage, hours of operation, occupancy, etc. Thus, facility's owner are naturally well-positioned to take responsibility for the operational risks associated with an EE project. Finally, when a third-party financier provides project funding, it has specific information regarding financial investment risks and tolerance factors.