Federal Energy Management Program (FEMP): What`s new in federal energy management: Program overview: Energy savings performance contracting

The Energy Policy Act of 1992 and Executive Order 12902 require that Federal agencies reduce the energy consumed in Federal buildings. Goal was increased to 30% by 2005, compared with 1985. Energy Savings Performance Contracting (ESPC) offers a means of achieving this energy reduction goal at no capital cost to the government. ESPC is an alternative to the traditional method of financing energy efficiency improvement in Federal buildings; it involves contracting with energy service companies