Risks in Energy Performance Contracting (EPC) projects

Energy and Buildings

Volumn 92, Issue , 2015, Pages 116-127

  Lee, P ^a   Lam, P T I ^a   Lee, W L ^a  

^a HONG KONG POLYTECHNIC UNIVERSITY   (Hong Kong)

Author keywords

Contracting; Energy; ESCO; Performance; Risks

Indexed keywords

ENERGY CONSERVATION; ENERGY EFFICIENCY; INVESTMENTS; RISK PERCEPTION; RISKS; SUPPLY CHAINS; SURVEYS; UNCERTAINTY ANALYSIS;

CONTRACTING; ENERGY; ENERGY PERFORMANCE CONTRACTING; ESCO; GOVERNMENT PROCUREMENT; PERFORMANCE; PRACTICAL MEASURES; QUESTIONNAIRE SURVEYS;

RISK ASSESSMENT;

EID: 84923081432     PISSN: 03787788     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enbuild.2015.01.054     Document Type: Article

References (44)

1. E. Vine An international survey of the energy service company (ESCO) industry Energy Policy 33 5 2005 691 704
2. E. Bloom, and C. Wheelock Energy Efficient Buildings Global Outlook: Energy Service Companies and Energy Performance Contracting, High-Efficiency HVAC systems, and Energy Efficient Lighting: Market Analysis and Forecasts 2011 Pike Research Boulder, CO
3. S. Sorrell The economics of energy service contracts Energy Policy 35 1 2007 507 521
4. A. Marino, P. Bertoldi, S. Rezessy, and B. Boza-Kiss A snapshot of the European energy service market in 2010 and policy recommendations to foster a further market development Energy Policy 39 10 2011 6190 6198
5. The U.S. Department of Energy (DOE) Resources on Implementing Energy Savings Performance Contracts 2014 Accessed from: http://energy.gov/eere/femp/resources-implementing-energy-savings-performance-contracts
6. European Commission Energy Performance Contracting Campaign (EPCC) 2014 Accessed from: http://ec.europa.eu/energy/efficiency/financing/campaign-en.htm
7. Building and Construction Authority (BCA) Pilot Building Retrofit Energy Efficiency Financing (BREEF) Scheme 2014 Accessed from: http://www.bca.gov.sg/GreenMark/breef.html
8. Council for Economic Planning and Development (CEPD) Directions on Preferential Loans to Promote Service Industry Development 2013 Accessed from: http://www.cepd.gov.tw/encontent/m1.aspx?sNo=0012887
9. E. Mills, S. Kromer, G. Weiss, and P.A. Mathew From volatility to value: analysing and managing financial and performance risk in energy savings projects Energy Policy 34 2 2006 188 199
10. J.P. Waltz Management Measurement & Verification of Performance Contracting 2003 Fairmont Press/Marcel Dekker Lilburn, GA, New York/Basel
11. A.P. Siberman Disputes and litigation of energy savings performance contracts Construct! 19 1 2010
12. E. Mills Risk transfer via energy-savings insurance Energy Policy 31 3 2003 273 281
13. P. Mathew, J.S. Kromer, O. Sezgen, and S. Meyers Actuarial pricing of energy efficiency projects: lessons foul and fair Energy Policy 33 10 2005 1319 1328
14. J. Jackson Promoting energy efficiency investments with risk management decision tools Energy Policy 38 8 2010 3865 3873
15. P. Lee, P.T.I. Lam, F.W.H. Yik, and E.H.W. Chan Probabilistic risk assessment of the energy saving shortfall in energy performance contracting projects - a case study Energy Buildings 66 2013 353 363
16. The U.S. Department of Energy Indefinite Delivery, Indefinite Quantity (IDIQ) Energy Savings Performance Contracts 2014 Accessed from: http://energy.gov/eere/femp/resources-implementing-energy-savings-performance-contracts
17. The European Parliament, Directive 2006/32/EC of the European Parliament and of the Council of 5 April 2006 on Energy End-Use Efficiency and Energy Services 2006 Accessed from: http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2006:114:0064:0064:en:pdf
18. P. Bertoldi, S. Rezessy, and E. Vine Energy service companies in European countries: current status and a strategy to foster their development Energy Policy 34 14 2006 1818 1832
19. J. Singh Public Procurement of Energy Efficiency Services: Lessons from International Experience, Directions in Development Energy and Mining 2010 World Bank: ESMAP/Energy Sector Management Assistance Program Washington, DC
20. J.R. Hu, and E.Y. Zhou Engineering risk management planning in energy performance contracting in China Eng. Risk Manage. 1 2011 195 205
21. L. Binga, A. Akintoyea, P.J. Edwardsb, and C. Hardcastlea The allocation of risk in PPP/PFI construction projects in the UK Int. J. Project Manage. 23 1 2005 25 35
22. D. Singhal, and K.S. Swarup Electricity price forecasting using artificial neural networks Int. J. Electr. Power Energy Syst. 33 3 2011 550 555
23. Energy Valuation Organization International Performance Measurement & Verification Protocol, Concepts and Options for Determining Energy and Water Savings vol. I 2012 Accessed from: http://www.nrel.gov/docs/fy02osti/31505.pdf
24. D. Daly, P. Cooper, and Z.J. Ma Understanding the risks and uncertainties introduced by common assumptions in energy simulations for Australian commercial buildings Energy Buildings 75 2014 382 393
25. Y. Heo, and V.M. Zavala Gaussian process modeling for measurement and verification of building energy savings Energy Buildings 53 2012 7 18
26. American Society of Heating Refrigerating and Air-Conditioning Engineers Measurement of Energy and Demand Savings, ASHRAE Guideline 14-2002 2002 ASHRAE Atlanta, GA
27. P.T.I. Lam, and P. Lee A comparative study of standard contract conditions for energy performance contracting in Australia, Canada and the United States Constr. Law J. 30 7 2014 357 376
28. M. Krarti Energy Audit of Building Systems: an Engineering Approach 2nd ed. 2011 CRC Press Boca Raton, FL
29. Home Affairs Department Database of Private Buildings in Hong Kong 2013 Accessed from: http://www.buildingmgt.gov.hk/en/database-of-private-buildings-in-hong-kong/12.htm
30. Office of the Licensing Authority List of Registered Hotels in Hong Kong 2013 Accessed from: http://www.hadla.gov.hk/en/hotels/search-h.html
31. Department of Health List of Registered Private Hospitals in Hong Kong 2013 Accessed from: http://www.dh.gov.hk/english/main/main-orhi/list-ph.html
32. University Grants Committee List of Higher Education Institutions in Hong Kong and UGC-Funded Institutions 2013 Accessed from: http://www.ugc.edu.hk/eng/ugc/site/site.htm
33. HKFEMC The Hong Kong Federation of Electrical & Mechanical Contractors Limited 2014 Accessed from: http://hkfemc.org/
34. HAESCO The Hong Kong Association of Energy Service Companies 2008 Accessed from: http://www.haesco.hk/page/2
35. T. May Qualitative Research in Action 2002 Sage London
36. J.C. Nunnally Psychometric Theory, McGraw-Hill Series in Psychology 1978 McGraw-Hill New York
37. S. Siegel, and N.J. Castellan Nonparametric Statistics for the Behavioral Sciences 1988 McGraw-Hill New York
38. N. Okay, and U. Akman Analysis of ESCO activities using country indicators Renew. Sustain. Energy Rev. 14 9 2010 2760 2771
39. P.H. Larsen, C.A. Goldman, and A. Satchwell Evolution of the U.S. energy service company industry: market size and project performance from 1990-2008 Energy Policy 50 2012 802 820
40. M.A. Piette, S.K. Kinney, and P. Haves Analysis of an information monitoring and diagnostic system to improve building operations Energy Buildings 33 8 2001 783 791
41. F.W.H. Yik, and W.L. Lee Partnership in building energy performance contracting Building Res. Inform. 32 3 2004 235 243
42. E.K.S.C. Hilary, and A. Davies Experience of energy performance contracting in Hong Kong Facilities 19 7/8 2001 261 268
43. S. Yard Developments of the payback method Int. J. Prod. Econ. 67 2 2000 155 167
44. The U.S. Department of Energy (DOE) Energy Savings Performance Contracts 2014 Accessed from: http://energy.gov/eere/femp/energy-savings-performance-contracts-laws-and-regulations