Survey on Eurostat guidance note "The impact of EPC´s on government accounts"
25. 11. 2015
Fill in European survey on Eurostat guidance note "The impact of EPC´s on government accounts" here.
On 7 August 2015, Eurostat published a guidance note titled "The impact of EPC´s on government accounts". If until now the European System of National and Regional Accounts (ESA 2010 - in force since September 2014) was subject to interpretation, now with the Eurostat guidance note it is clear and not at all positive for EPCs.
Eurostat Guidance Note confirmed the interpretation of public accounting rules as regards EPC and public debt stating that in order for a project to be considered a public-private partnership (PPP), capital expenditure for improving energy efficiency by private entities in the contract should reach at least 50% of the total value of the building after the energy efficiency renovation. This is considered a major burden to EPC, as national administrations will hesitate to engage in EPC as they might fear of increasing public debt.
This interpretation should be changed, as it does not take into account that the full investment or at least a part of the investment into the energy efficiency projects is offset by monetary savings and that EPCs can provide an energy savings guarantee.
More information is to be found under the following links:
- Guidance note
- Eurostat presentation (Denis Besnard, Eurostat Unit D1) during "Energy Services Market in the EU" Workshop organised by Joint Research Centre on 22 October 2015.
- All presentations of "Energy Services Market in the EU" Workshop.
- Presentation of the results of the Transparense project.