Eurostat and the European Investment Bank publish guide to the accounting treatment of EPCs

Eurostat and the European Investment Bank publish guide to the accounting treatment of EPCs

10/05/2018

Eurostat, the Statistical Office of the European Commission, and the European Investment Bank (EIB) have launched a new Practitioner’s Guide on the Statistical Treatment of Energy Performance Contracts. This Guide follows the 2017 Eurostat Guidance note on the revised treatment of Energy Performance Contracts in government accounts and gives worked examples to help public authorities unlock greater energy efficiency opportunities with private finance.

Andrew McDowell, EIB Vice-President, commented: “Managers of public buildings – such as schools, hospitals and other public agencies – often lack the budget and technical expertise to design and secure finance for energy savings projects that reduce carbon emissions, save taxpayers’ money and make buildings more comfortable for staff and public service users. This new Guide aims to help public authorities to prepare and finance projects, by mobilising private capital and expertise for the benefit of the public sector under Energy Performance Contracts.”

The guide can be downloaded here

A useful webinar on the topic can be found here