Fostering the Development of ESCO Markets for Energy Efficiency

This guidance note, about Energy service companies (ESCO), was prepared under the Energy Efficiency Outreach activity of the World Bank’s Europe and Central Asia region. The activity is sponsored by the Energy Sector Management Assistance Program,...

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Main Authors:	Hofer, Kathrin, Limaye, Dilip, Singh, Jas
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	GOVERNMENT SAVINGS FINANCIAL SERVICES REGULATORY FRAMEWORK EQUIPMENT ACCOUNTING PUBLIC-PRIVATE PARTNERSHIPS FINANCING INTEREST INDUSTRIAL ENERGY EFFICIENCY GUARANTEES ACTIVITIES GOVERNMENT FUNDING ENERGY COST SAVINGS OPTION DEVELOPING COUNTRIES ENERGY SERVICE COMPANIES REPAYMENTS PORTFOLIO MARKET SIZE ELECTRICITY SAVINGS CAPACITY BUILDING LOAN FEE REGULATORY INFRASTRUCTURES PRICE PAYMENTS SAVING CASH FLOWS INSTRUMENTS ENABLING ENVIRONMENT CREDIBILITY MATURITY ACCESS TO FUNDS ARBITRATION SAVINGS TECHNICAL ASSISTANCE MARKET DEVELOPMENT FINANCIAL INSTITUTION UNION CONTRACTS ESCO ENERGY SUPPLY FINANCES OPTIONS WATER PAYMENT MARKETS DEBT LOAN REPAYMENTS LENDERS ENERGY SECTOR LOANS ENTERPRISES RESERVES LEASE PAYMENTS LIGHTING DUE DILIGENCE LEGAL FRAMEWORK BANK FINANCING FINANCE BANK LOAN OFFICERS BANKS DEBT FINANCING ENERGY SAVINGS ENERGY CONSUMPTION EQUITY TRANSACTION LOAN REPAYMENT ENERGY OUTPUT CAPITAL BALANCE MARKET CONDITIONS FUTURE UTILITIES ACCESS TO FINANCE POWER ELECTRICITY BANK ESCO CONTRACTS LOCAL MARKET CREDIT ENERGY EFFICIENCY PROJECTS COLLATERALIZATION CONTRACT REPAYMENT BIDS LOCAL MARKETS BALANCE SHEET FUND MANAGEMENT ENERGY USE TRANSACTION COSTS MARKET ESCO MODELS ACCREDITATION ENERGY EFFICIENCY BANK LOAN COMMERCIAL LENDERS ENERGY CONSERVATION LOAN OFFICERS INVESTMENT FINANCIAL INTERMEDIARIES COMMERCIAL BANKS SHARE MONOPOLISTIC MARKET BALANCE SHEETS FINANCIAL MARKETS FINANCIAL RISKS ENERGY MANAGEMENT BID AVAILABILITY FACILITIES COMMERCIAL LENDING PROFIT BOTTOM LINE INVESTMENTS RENEWABLE SOURCES LENDING TECHNICAL SUPPORT TRUST FUND CUSTOMER SATISFACTION INSTRUMENT OUTREACH PIPELINE ENERGY USAGE ENERGY COSTS PARTIAL RISK CREDIT LINES APPROACH GUARANTEE HEATING CASH FLOW PERFORMANCE RISKS ENERGY INVESTING
Online Access:	http://documents.worldbank.org/curated/en/2016/03/26065397/fostering-development-energy-service-companies-esco-markets-energy-efficiency http://hdl.handle.net/10986/23949

id	okr-10986-23949
recordtype	oai_dc
spelling	okr-10986-239492021-06-18T09:02:30Z Fostering the Development of ESCO Markets for Energy Efficiency Hofer, Kathrin Limaye, Dilip Singh, Jas GOVERNMENT SAVINGS FINANCIAL SERVICES REGULATORY FRAMEWORK EQUIPMENT ACCOUNTING PUBLIC-PRIVATE PARTNERSHIPS FINANCING INTEREST INDUSTRIAL ENERGY EFFICIENCY GUARANTEES ACTIVITIES GOVERNMENT FUNDING ENERGY COST SAVINGS OPTION DEVELOPING COUNTRIES ENERGY SERVICE COMPANIES REPAYMENTS PORTFOLIO MARKET SIZE ELECTRICITY SAVINGS CAPACITY BUILDING LOAN FEE REGULATORY INFRASTRUCTURES PRICE PAYMENTS SAVING CASH FLOWS INSTRUMENTS ENABLING ENVIRONMENT CREDIBILITY MATURITY ACCESS TO FUNDS ARBITRATION SAVINGS TECHNICAL ASSISTANCE MARKET DEVELOPMENT FINANCIAL INSTITUTION UNION CONTRACTS ESCO ENERGY SUPPLY FINANCES OPTIONS WATER PAYMENT MARKETS DEBT LOAN REPAYMENTS LENDERS ENERGY SECTOR LOANS ENTERPRISES RESERVES LEASE PAYMENTS LIGHTING DUE DILIGENCE LEGAL FRAMEWORK BANK FINANCING FINANCE BANK LOAN OFFICERS BANKS DEBT FINANCING ENERGY SAVINGS ENERGY CONSUMPTION EQUITY TRANSACTION LOAN REPAYMENT ENERGY OUTPUT CAPITAL BALANCE MARKET CONDITIONS FUTURE UTILITIES ACCESS TO FINANCE POWER ELECTRICITY BANK ESCO CONTRACTS LOCAL MARKET CREDIT ENERGY EFFICIENCY PROJECTS COLLATERALIZATION CONTRACT REPAYMENT BIDS LOCAL MARKETS BALANCE SHEET FUND MANAGEMENT ENERGY USE TRANSACTION COSTS MARKET ESCO MODELS ACCREDITATION ENERGY EFFICIENCY BANK LOAN COMMERCIAL LENDERS ENERGY CONSERVATION LOAN OFFICERS INVESTMENT FINANCIAL INTERMEDIARIES COMMERCIAL BANKS SHARE MONOPOLISTIC MARKET BALANCE SHEETS FINANCIAL MARKETS FINANCIAL RISKS ENERGY MANAGEMENT BID AVAILABILITY FACILITIES COMMERCIAL LENDING PROFIT BOTTOM LINE INVESTMENTS RENEWABLE SOURCES LENDING TECHNICAL SUPPORT TRUST FUND CUSTOMER SATISFACTION INSTRUMENT OUTREACH PIPELINE ENERGY USAGE ENERGY COSTS PARTIAL RISK CREDIT LINES APPROACH GUARANTEE HEATING CASH FLOW PERFORMANCE RISKS ENERGY INVESTING This guidance note, about Energy service companies (ESCO), was prepared under the Energy Efficiency Outreach activity of the World Bank’s Europe and Central Asia region. The activity is sponsored by the Energy Sector Management Assistance Program, a multidonor technical assistance trust fund administered by the World Bank and cosponsored by thirteen official bilateral donors. ESCO can aid energy efficiency efforts by providing technical skills, assuming performance risks, facilitating access to finance from commercial lenders, and enabling energy users to repay initial costs through future savings. Although many attempts to encourage the development of ESCO markets in developing countries have failed, some recent experiences demonstrate how governments can help by promoting simple business models; facilitating ESCO financing; making legislative, regulatory, and policy changes; and creating demand. The challenges are real as the ESCO models are complex and require strong legal, financial, accounting, and business infrastructure,which is often lacking in developing countries. However, a combination of simple ESCO models, dedicated financing, enabling policy, regulatory initiatives, and increased public sector demand has resulted in the development of sizeable ESCO markets in some countries. 2016-03-15T16:05:53Z 2016-03-15T16:05:53Z 2016-03 Brief http://documents.worldbank.org/curated/en/2016/03/26065397/fostering-development-energy-service-companies-esco-markets-energy-efficiency http://hdl.handle.net/10986/23949 English en_US Live Wire;2016/54 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	GOVERNMENT SAVINGS FINANCIAL SERVICES REGULATORY FRAMEWORK EQUIPMENT ACCOUNTING PUBLIC-PRIVATE PARTNERSHIPS FINANCING INTEREST INDUSTRIAL ENERGY EFFICIENCY GUARANTEES ACTIVITIES GOVERNMENT FUNDING ENERGY COST SAVINGS OPTION DEVELOPING COUNTRIES ENERGY SERVICE COMPANIES REPAYMENTS PORTFOLIO MARKET SIZE ELECTRICITY SAVINGS CAPACITY BUILDING LOAN FEE REGULATORY INFRASTRUCTURES PRICE PAYMENTS SAVING CASH FLOWS INSTRUMENTS ENABLING ENVIRONMENT CREDIBILITY MATURITY ACCESS TO FUNDS ARBITRATION SAVINGS TECHNICAL ASSISTANCE MARKET DEVELOPMENT FINANCIAL INSTITUTION UNION CONTRACTS ESCO ENERGY SUPPLY FINANCES OPTIONS WATER PAYMENT MARKETS DEBT LOAN REPAYMENTS LENDERS ENERGY SECTOR LOANS ENTERPRISES RESERVES LEASE PAYMENTS LIGHTING DUE DILIGENCE LEGAL FRAMEWORK BANK FINANCING FINANCE BANK LOAN OFFICERS BANKS DEBT FINANCING ENERGY SAVINGS ENERGY CONSUMPTION EQUITY TRANSACTION LOAN REPAYMENT ENERGY OUTPUT CAPITAL BALANCE MARKET CONDITIONS FUTURE UTILITIES ACCESS TO FINANCE POWER ELECTRICITY BANK ESCO CONTRACTS LOCAL MARKET CREDIT ENERGY EFFICIENCY PROJECTS COLLATERALIZATION CONTRACT REPAYMENT BIDS LOCAL MARKETS BALANCE SHEET FUND MANAGEMENT ENERGY USE TRANSACTION COSTS MARKET ESCO MODELS ACCREDITATION ENERGY EFFICIENCY BANK LOAN COMMERCIAL LENDERS ENERGY CONSERVATION LOAN OFFICERS INVESTMENT FINANCIAL INTERMEDIARIES COMMERCIAL BANKS SHARE MONOPOLISTIC MARKET BALANCE SHEETS FINANCIAL MARKETS FINANCIAL RISKS ENERGY MANAGEMENT BID AVAILABILITY FACILITIES COMMERCIAL LENDING PROFIT BOTTOM LINE INVESTMENTS RENEWABLE SOURCES LENDING TECHNICAL SUPPORT TRUST FUND CUSTOMER SATISFACTION INSTRUMENT OUTREACH PIPELINE ENERGY USAGE ENERGY COSTS PARTIAL RISK CREDIT LINES APPROACH GUARANTEE HEATING CASH FLOW PERFORMANCE RISKS ENERGY INVESTING
spellingShingle	GOVERNMENT SAVINGS FINANCIAL SERVICES REGULATORY FRAMEWORK EQUIPMENT ACCOUNTING PUBLIC-PRIVATE PARTNERSHIPS FINANCING INTEREST INDUSTRIAL ENERGY EFFICIENCY GUARANTEES ACTIVITIES GOVERNMENT FUNDING ENERGY COST SAVINGS OPTION DEVELOPING COUNTRIES ENERGY SERVICE COMPANIES REPAYMENTS PORTFOLIO MARKET SIZE ELECTRICITY SAVINGS CAPACITY BUILDING LOAN FEE REGULATORY INFRASTRUCTURES PRICE PAYMENTS SAVING CASH FLOWS INSTRUMENTS ENABLING ENVIRONMENT CREDIBILITY MATURITY ACCESS TO FUNDS ARBITRATION SAVINGS TECHNICAL ASSISTANCE MARKET DEVELOPMENT FINANCIAL INSTITUTION UNION CONTRACTS ESCO ENERGY SUPPLY FINANCES OPTIONS WATER PAYMENT MARKETS DEBT LOAN REPAYMENTS LENDERS ENERGY SECTOR LOANS ENTERPRISES RESERVES LEASE PAYMENTS LIGHTING DUE DILIGENCE LEGAL FRAMEWORK BANK FINANCING FINANCE BANK LOAN OFFICERS BANKS DEBT FINANCING ENERGY SAVINGS ENERGY CONSUMPTION EQUITY TRANSACTION LOAN REPAYMENT ENERGY OUTPUT CAPITAL BALANCE MARKET CONDITIONS FUTURE UTILITIES ACCESS TO FINANCE POWER ELECTRICITY BANK ESCO CONTRACTS LOCAL MARKET CREDIT ENERGY EFFICIENCY PROJECTS COLLATERALIZATION CONTRACT REPAYMENT BIDS LOCAL MARKETS BALANCE SHEET FUND MANAGEMENT ENERGY USE TRANSACTION COSTS MARKET ESCO MODELS ACCREDITATION ENERGY EFFICIENCY BANK LOAN COMMERCIAL LENDERS ENERGY CONSERVATION LOAN OFFICERS INVESTMENT FINANCIAL INTERMEDIARIES COMMERCIAL BANKS SHARE MONOPOLISTIC MARKET BALANCE SHEETS FINANCIAL MARKETS FINANCIAL RISKS ENERGY MANAGEMENT BID AVAILABILITY FACILITIES COMMERCIAL LENDING PROFIT BOTTOM LINE INVESTMENTS RENEWABLE SOURCES LENDING TECHNICAL SUPPORT TRUST FUND CUSTOMER SATISFACTION INSTRUMENT OUTREACH PIPELINE ENERGY USAGE ENERGY COSTS PARTIAL RISK CREDIT LINES APPROACH GUARANTEE HEATING CASH FLOW PERFORMANCE RISKS ENERGY INVESTING Hofer, Kathrin Limaye, Dilip Singh, Jas Fostering the Development of ESCO Markets for Energy Efficiency
relation	Live Wire;2016/54
description	This guidance note, about Energy service companies (ESCO), was prepared under the Energy Efficiency Outreach activity of the World Bank’s Europe and Central Asia region. The activity is sponsored by the Energy Sector Management Assistance Program, a multidonor technical assistance trust fund administered by the World Bank and cosponsored by thirteen official bilateral donors. ESCO can aid energy efficiency efforts by providing technical skills, assuming performance risks, facilitating access to finance from commercial lenders, and enabling energy users to repay initial costs through future savings. Although many attempts to encourage the development of ESCO markets in developing countries have failed, some recent experiences demonstrate how governments can help by promoting simple business models; facilitating ESCO financing; making legislative, regulatory, and policy changes; and creating demand. The challenges are real as the ESCO models are complex and require strong legal, financial, accounting, and business infrastructure,which is often lacking in developing countries. However, a combination of simple ESCO models, dedicated financing, enabling policy, regulatory initiatives, and increased public sector demand has resulted in the development of sizeable ESCO markets in some countries.
format	Brief
author	Hofer, Kathrin Limaye, Dilip Singh, Jas
author_facet	Hofer, Kathrin Limaye, Dilip Singh, Jas
author_sort	Hofer, Kathrin
title	Fostering the Development of ESCO Markets for Energy Efficiency
title_short	Fostering the Development of ESCO Markets for Energy Efficiency
title_full	Fostering the Development of ESCO Markets for Energy Efficiency
title_fullStr	Fostering the Development of ESCO Markets for Energy Efficiency
title_full_unstemmed	Fostering the Development of ESCO Markets for Energy Efficiency
title_sort	fostering the development of esco markets for energy efficiency
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/03/26065397/fostering-development-energy-service-companies-esco-markets-energy-efficiency http://hdl.handle.net/10986/23949
_version_	1764455247475900416

Fostering the Development of ESCO Markets for Energy Efficiency

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