Eurostat,, the Statistical Office of the European Commission, and the European Investment Bank (EIB) have published a new guide on energy performance contracts yesterday.
The new guide on energy performance contracts follows Eurostat’s guidance note on how to register energy performance contracts in public accounts, published in September 2017 and provides explanations on how to implement it in practice, taking advantage of the technical assistance resources of the European Investment Advisory Hub (EIAH).
Marianne Thyssen, the commissioner responsible for Eurostat, explained that the Guide “clarifies how investments in infrastructure that make efficient use of energy should be treated from a statistical point of view.” This guide will be a great help for all the people who participate in the commissioning, financing and execution of energy performance contracts. This is a beneficial situation both for public authorities and for private sector participants, as it facilitates a clear understanding of the implications on the national budget “.
In addition, Thyssen is confident that this new guide on energy performance contracts will encourage project developers, both in the public and private sectors, to further invest in projects that make efficient use of energy.
It clarifies how investments in infrastructure that make efficient use of energy must be treated from a statistical point of view
Miguel Arias Cañete, the commissioner responsible for Energy and Climate Action, said that with this guide it will be easier for schools, hospitals and other public buildings -which represent more than 10% of EU’s real estate stock- to invest in improving their energy efficiency. “Energy efficiency measures are also an important means to fight energy poverty, which this Commission has set itself the challenge of eradicating,” he said.
Andrew McDowell, vice president of the EIB and responsible for overseeing energy issues, said: “ Managers of public buildings – for example, schools, hospitals and other public bodies – often lack the budget and technical expertise to design projects, including the relevant funding, that contribute to reduce carbon emissions, save taxpayers’ money and make buildings more comfortable for staff and for public services users. ”
“The goal of this new guide is to help public authorities prepare and fund projects by mobilizing capital and experience from the private sector for the benefit of the public sector through energy performance contracts.” This is just one of the many measures taken by the EIB through “Smart finance for smart buildings”, a joint initiative with the European Commission, that seeks to mobilize further investments in energy efficiency in public and private buildings, “he added.
The goal of this new guide is to help public authorities prepare and fund projects by mobilizing capital and experience from the private sector for the benefit of the public sector through energy performance contracts
The guide explains in detail how energy performance contracts work and provides a clear picture of the impact they can have on public finances. All this will help the Member States and other interested parties to better understand the impact of the different features of these contracts on the classification of the investment made -registration or not in the balance sheets of the public administrations- and will help the public authorities make informed decisions in the preparation and bidding of their energy performance contracts.
This Guide is also a useful tool to provide clarity to public and private developers in the context of their Investment Plan and eliminate perceived obstacles to investment, the Commission said in a statement.