Economic Evaluation of Energy Service Contract Implementation from the View of its Participants

The article considers one of the most promising tools for implementing measures to improve energy performance - the energy service contract (ESC). When considering the contract from the view of its participants, distinctive features of investment projects were revealed. The components of the cash flow generated under the contract for the customer and the energy service company (ESCO) are determined. An evaluation model of the ESC was developed, based on the net present value ( NPV) criterion and taking into account the balance of interests of its participants. Approbation of the obtained model was carried out using the example of ESC, implemented at the energy company of the Siberian Federal District. Using the results obtained, recommendations were proposed to improve the performance based contract as a whole. The possibilities of using the obtained model in real conditions are determined.