“...Member States should therefore adopt national indicative targets to promote energy end-use efficiency and to ensure the continued growth and viability of the market for energy services, thus contributing to the implementation of the Lisbon strategy…” Directive 2006/32/EC on energy end-use efficiency and energy services.
Helesco aspires to support our country’s national effort to meet its energy and environmental targets, through the implementation of its projects.
A new market

Our country is facing a major challenge to tackle the economic crisis and to gradually recover from it. After decades of mismanagement and an utter lack of planning and implementation of problem-solving reforms, the return to a rational mode of operation seems not only difficult but almost impossible.

The European Union has always determined its policy, depending on the existing situation and needs of its Member States. Even today, considering the unfavorable economic situation in many Member States, the EU’s energy policy has three main aims: (1) to secure the supply of energy, (2) to guarantee of the competitiveness of the European economy and (3) to promote of sustainability of the environment.

The first step that needs to be taken to achieve these aims is to reduce energy consumption by increasing the implementation of energy efficiency measures. The target, although no longer binding for the year 2020, is to reduce the primary energy consumption by 20%.

A key tool for the implementation of energy efficiency measures are Energy Service Companies (ESCOs). ESCOs identify, design and implement energy efficiency measures in buildings and industries, and at the same time they ensure the financing of the projects. The ESCOs guarantee specific energy savings through which the investment is paid back.

A new vocabulary
Energy service

The physical benefit and advantage deriving from the implementation of energy efficient actions. This may also include the operations, maintenance and control requirements for the provision of the service. It is provided under an agreement and, in normal circumstances, has proven to lead to verifiable (by measurement or estimate) improvements of the energy performance and/or primary energy saving.