## Abstract Most empirical studies on price setting that use micro data focus on advanced industrial countries. In this paper we analyze the experience of an emerging economy, Slovakia, using a large microβlevel dataset that accounts for a substantial part of the consumer price index (about 5 milli
Review of US ESCO industry market trends: an empirical analysis of project data
β Scribed by Charles A Goldman; Nicole C Hopper; Julie G Osborn
- Publisher
- Elsevier Science
- Year
- 2005
- Tongue
- English
- Weight
- 514 KB
- Volume
- 33
- Category
- Article
- ISSN
- 0301-4215
No coin nor oath required. For personal study only.
β¦ Synopsis
This comprehensive empirical analysis of US energy service company (ESCO) industry trends and performance employs two parallel analytical approaches: a survey of firms to estimate total industry size, and a database of B1500 ESCO projects, from which we report target markets and typical project characteristics, energy savings and customer economics. We estimate that industry investment for energy-efficiency related services reached US$2 billion in 2000 following a decade of strong growth. ESCO activity is concentrated in states with high economic activity and strong policy support. Typical projects save 150-200 MJ/m 2 /year and are cost-effective with median benefit/cost ratios of 1.6 and 2.1 for institutional and private sector projects. The median simple payback time (SPT) is 7 years among institutional customers; 3 years is typical in the private sector. Reliance on DSM incentives has decreased since 1995. Preliminary evidence suggests that state enabling policies have boosted the industry in medium-sized states. ESCOs have proven resilient in the face of restructuring and will probably shift toward selling ''energy solutions'', with energy efficiency part of a package. We conclude that appropriate policy support-both financial and non-financial-can ''jump-start'' a viable private-sector energy-efficiency services industry that targets large institutional and commercial/industrial customers.
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