PERMANENT has addressed the most common barrier to deployment of energy performance contracts by end users: disbelief that planned project results will be achieved and can pay back the investment in a sustainable manner. This disbelief or lack of confidence in project savings impedes investment even where energy audits or other engineering analyses demonstrate sound investment opportunities. Successful energy efficiency and mainly Third Party Financing (TPF) projects have, however, demonstrated key techniques for measuring project results, verifying achievement of guaranteed savings, and financing energy savings projects without the need for collateral beyond that of the project itself. The primary objective of PERMANENT was to address these common performance fears in new European Member States' economies, to significantly enhance the rate of investment in energy savings projects. PERMANENT has addressed these fears by developing and testing harmonized and integrated approaches for end users to measure and verify their energy savings in 5 Member States, based on instruments used by the Efficiency Valuation Organisation (EVO).
In this page:
- Increased understanding of the principles of Third Party Financing and Energy Performance Contracting concepts and the value of energy service providers in the five project countries (Czech Republic, Poland, Romania, Bulgaria and Croatia.), leading to an increased trust of energy services.
- Recognition amongst energy users, financiers and emerging ESCOs of the need for measurement and verification (M&V) of energy efficiency projects and ways to finance them. This increases the credibility and transparency of these projects and the trust of potential project hosts (e.g. commercial organisations, public institutions) and project financiers.
- About 1500 energy efficiency professionals, energy end-users and financiers received training in measurement and verification and performance risk management. An additional 1500 persons attended awareness presentations on measurement and verification and performance risk management.
- Adaptation of the Efficiency Valuation Organization’s (EVO) Protocols IPMVP (International Performance Measurement and Verification Protocol) and IEEFP (International Energy Efficiency Financing Protocol) to European and national circumstances (Czech Republic, Poland, Romania, Bulgaria and Croatia).
- Translation of the Efficiency Valuation Organization’s (EVO) Protocols IPMVP and IEEFP into five European languages (Czech, Polish, Romanian, Bulgarian and Croatian)
- Increasing knowledge about Measurement & Verification among stakeholders will lead to increased trust in energy services, especially energy performance contracting (projects with guaranteed savings, repaid out of the saved energy costs).
- Measurement and Verification is a relatively complex matter. It first took time for the partner’s energy experts to learn the ins and outs of M&V. In a later stage it became necessary to convince participants to training sessions that this is an important issue for them to learn (as it is a new topic).
- Energy service companies (ESCOs) have shown real interest in incorporating the IPMVP principles I their contracts, methodology and practice. Some experts emphasized however, that application of all elements of IPMVP in practice may be a complex issue.
Partners and coordinatorList Map
|ENVIROS s.r.o.||Czech Republic|
|Center for Energy Efficiency||Bulgaria|
|DZZD "Econoler, EnEffect and Elana"||Bulgaria|
|Maicon Associates Limited||United Kingdom|
|Polish Foundation for Energy Efficiency||Poland|
|HEP-ESCO Ltd for managing and financing energy efficiency project||Croatia|