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ARTICLE · 28 FEBRUARY 2019

Energy Performance Contracts: A Win-Win Situation

Chrysostomides Advocates & Legal Consultants
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Energy Performance Contracts are one of the options available to the final customer for achieving the maximum potential energy savings and efficiency, mainly in energy-intensive businesses or industrial facilities.

CyprusEmployment and HR

Energy Performance Contracts (EPC) are one of the options available to the final customer for achieving the maximum potential energy savings and efficiency, mainly in energy-intensive businesses or industrial facilities.

An EPC is signed between an Energy Service Provider (ESP), as the professionals of this industry are defined in the relevant EU Directive 2012/27/EU, and the final customer. The goal of the contract is to achieve savings in the consumption of energy required for the operation of a facility.

The increase of energy efficiency has been identified as a valuable means to address the challenges the EU is facing, such as the increased dependency from energy imports, the climate change and the financial crisis, whereas it is one of the main targets of the "Europe 2020 strategy" EU's agenda for growth and employment.

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