Real-time Energy Services: NOW.. AND TOMORROW
Abstract
Real time Energy Services and Performance Contracting in par-
ticular are concepts whose time is now, and though funding energy
upgrades from cost reduction is not new, there have been some
changes to the concept recently. Important Performance Contracting
developments may make this the best capital improvement idea
around.
Performance Contracting, offered by Energy Service Companies
(ESCOs), is an excellent answer to shrinking capital improvement
spending. In the past two quarters, private companies have reduced or
eliminated capital spending plans, and the public sector can be ex-
pected to do the same. With all these factors, it seems an excellent time
to revisit performance contracting and especially these key topics:
- Energy service measures (what is being funded?),
- Financing (how are projects funded?) and
- Real-time energy services (how will success be measured?)