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A snapshot of the European energy service market in 2010 and policy recommendations to foster a further market development

Author

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  • Marino, Angelica
  • Bertoldi, Paolo
  • Rezessy, Silvia
  • Boza-Kiss, Benigna

Abstract

As of 2010, the energy service market in Europe is still far from utilising its full potential. Wide-scale peer-reviewed studies investigating the development and up-to-date status of the European ESCo market are scarce. This article presents a comprehensive insight of the European ESCo industry based on the results from a large-scale survey carried out 2009-2010 in 39 European countries. The observed market development during the period 2007-2010, trends in business practices, and factors influencing the ESCo industry evolution are described. Finally, having considered the remaining barriers and the supporting factors as well as the successful experiences in Europe, policy measures that could further promote ESCo activities are proposed.

Suggested Citation

  • Marino, Angelica & Bertoldi, Paolo & Rezessy, Silvia & Boza-Kiss, Benigna, 2011. "A snapshot of the European energy service market in 2010 and policy recommendations to foster a further market development," Energy Policy, Elsevier, vol. 39(10), pages 6190-6198, October.
  • Handle: RePEc:eee:enepol:v:39:y:2011:i:10:p:6190-6198
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    References listed on IDEAS

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    1. Okay, Nesrin & Akman, Ugur, 2010. "Analysis of ESCO activities using country indicators," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2760-2771, December.
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    Cited by:

    1. Kindström, Daniel & Ottosson, Mikael, 2016. "Local and regional energy companies offering energy services: Key activities and implications for the business model," Applied Energy, Elsevier, pages 491-500.
    2. Lo, Kevin & Wang, Mark Y., 2013. "Energy conservation in China’s Twelfth Five-Year Plan period: Continuation or paradigm shift?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 499-507.
    3. Akman, Ugur & Okay, Esin & Okay, Nesrin, 2013. "Current snapshot of the Turkish ESCO market," Energy Policy, Elsevier, vol. 60(C), pages 106-115.
    4. Hannon, Matthew J. & Foxon, Timothy J. & Gale, William F., 2013. "The co-evolutionary relationship between Energy Service Companies and the UK energy system: Implications for a low-carbon transition," Energy Policy, Elsevier, vol. 61(C), pages 1031-1045.
    5. A. Garcia-Bernabeu & F. Mayor-Vitoria & F. Mas-Verdu, 2015. "Project Finance Recent Applications and Future Trends: The State of the Art," International Journal of Business and Economics, College of Business and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 14(2), pages 159-178, December.
    6. Colesca, Sofia Elena & Ciocoiu, Carmen Nadia, 2013. "An overview of the Romanian renewable energy sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 24(C), pages 149-158.
    7. Polzin, Friedemann & von Flotow, Paschen & Nolden, Colin, 2016. "What encourages local authorities to engage with energy performance contracting for retrofitting? Evidence from German municipalities," Energy Policy, Elsevier, vol. 94(C), pages 317-330.
    8. Nolden, Colin & Sorrell, Steve & Polzin, Friedemann, 2016. "Catalysing the energy service market: The role of intermediaries," Energy Policy, Elsevier, vol. 98(C), pages 420-430.
    9. Pantaleo, Antonio & Candelise, Chiara & Bauen, Ausilio & Shah, Nilay, 2014. "ESCO business models for biomass heating and CHP: Profitability of ESCO operations in Italy and key factors assessment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 30(C), pages 237-253.
    10. repec:ipg:wpaper:2014-514 is not listed on IDEAS
    11. repec:kap:jcopol:v:40:y:2017:i:4:d:10.1007_s10603-017-9361-0 is not listed on IDEAS
    12. Hannon, Matthew J. & Bolton, Ronan, 2015. "UK Local Authority engagement with the Energy Service Company (ESCo) model: Key characteristics, benefits, limitations and considerations," Energy Policy, Elsevier, vol. 78(C), pages 198-212.
    13. Fang, Wen Shwo & Miller, Stephen M. & Yeh, Chih-Chuan, 2012. "The effect of ESCOs on energy use," Energy Policy, Elsevier, vol. 51(C), pages 558-568.
    14. Friedemann Polzin & Steve Sorrell & Colin Nolden, 2015. "Innovative Procurement Frameworks for Energy Performance Contracting in the UK Public Sector," SPRU Working Paper Series 2015-31, SPRU - Science and Technology Policy Research, University of Sussex.
    15. Helms, Thorsten, 2016. "Asset transformation and the challenges to servitize a utility business model," Energy Policy, Elsevier, vol. 91(C), pages 98-112.
    16. Roelich, Katy & Knoeri, Christof & Steinberger, Julia K. & Varga, Liz & Blythe, Phil T. & Butler, David & Gupta, Rajat & Harrison, Gareth P. & Martin, Chris & Purnell, Phil, 2015. "Towards resource-efficient and service-oriented integrated infrastructure operation," Technological Forecasting and Social Change, Elsevier, vol. 92(C), pages 40-52.
    17. Fleiter, Tobias & Schleich, Joachim & Ravivanpong, Ployplearn, 2012. "Adoption of energy-efficiency measures in SMEs—An empirical analysis based on energy audit data from Germany," Energy Policy, Elsevier, vol. 51(C), pages 863-875.
    18. Bouoiyour, Jamal & Selmi, Refk & Shahbaz, Muhammad, 2014. "The Electricity Consumption in a Rentier State: Do Institutions Matter?," MPRA Paper 55412, University Library of Munich, Germany.
    19. Lo, Kevin, 2013. "Energy conservation in China's higher educationinstitutions," Energy Policy, Elsevier, vol. 56(C), pages 703-710.
    20. Lo, Kevin, 2014. "A critical review of China's rapidly developing renewable energy and energy efficiency policies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 29(C), pages 508-516.
    21. Timo Kaphengst & Eike Karola Velten, 2014. "Energy transition and behavioural change in rural areas - The role of energy cooperatives," WWWforEurope Working Papers series 60, WWWforEurope.
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    23. Comodi, G. & Cioccolanti, L. & Gargiulo, M., 2012. "Municipal scale scenario: Analysis of an Italian seaside town with MarkAL-TIMES," Energy Policy, Elsevier, vol. 41(C), pages 303-315.
    24. Comodi, Gabriele & Cioccolanti, Luca & Polonara, Fabio & Brandoni, Caterina, 2012. "Local authorities in the context of energy and climate policy," Energy Policy, Elsevier, vol. 51(C), pages 737-748.
    25. Stuart, Elizabeth & Larsen, Peter H. & Goldman, Charles A. & Gilligan, Donald, 2014. "A method to estimate the size and remaining market potential of the U.S. ESCO (energy service company) industry," Energy, Elsevier, vol. 77(C), pages 362-371.

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