So implementing energy efficiency measures sounds like a good idea in principle, but how can local authorities or municipalities balance the equation of technology costs and fund the capital expenditure? Put simply, some of the measures that can be implemented deliver savings immediately with payback periods that are very short - in some instances only 6 months. However; to address a set of larger scale measures, the answer comprises 3 elements: i) scale of project, ii) guaranteeing savings through energy performance contracting and iii) access to competitive (low interest rate) finance.
Does the Public Sector already hold the key to delivering energy efficiency?
Chris Bronsdon | Scottish European Energy Centre (SEGEC)
In this context, the Scottish European Green Energy Centre (SEGEC) works to deliver viable partnerships and projects that can be successfully funded including the promotion of best practice and encouraging cross-border collaboration in sustainable energy projects. With a particular focus on demonstration and deployment, we hope to make a real difference in some of the areas discussed above and help Scotland, the UK and the EU meet their sustainable energy targets.
Initially working on climate change economics and its application to the power sector, Chris has a strong background in UK energy policy, regulation and markets with a track record in electricity transmission grid charging (on/offshore), economics (and market regulation) for renewable energy development, carbon policy and implementation at EU, national and regional levels.
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