The energy performance contract (EPC) is a contract under which one “vendor” party (Esco G.M.T. S.p.A.) commits itself to accomplish, with their own financial resources or third partie’s, a range of services and integrated interventions aimed at energy saving. The ESCO designs and constructs a project that meets the customer’s needs and arranges the necessary financing. The ESCO guarantees that the improvements will generate sufficient energy cost savings to pay for the project over the term of the contract. After the contract ends, all additional cost savings accrue to the customer.
The EPC contract that G.M.T. S.p.A. offers to its customers states that the plant has undergone energy efficiency interventions is owned and managed, by the Esco until the end of the contract. The savings, from the expiry of the contract, are totally in favor of the customer, which returns the system owner.