Feasibility analysis for the implementation of Energy Services Companies (ESCOs) business in Ecuador

Abstract

The Ecuadorian Government is promoting several policies in order to boost energy savings, among which the National Plan for Energy Efficiency (P.L.A.N.E.E.) stands out. The initiative fosters the development of Energy Service Companies (ESCOs) in the country. This research aims to highlight the causes and actions that should be generated so that the introduction of ESCOs can be encouraged. This multi-criteria analysis is based on the bibliographic reviews of energy-saving actions carried out in several countries. The main results highlight the importance to introduce the ESCOs market nationwide since there is currently no regulation that requires the adoption of efficiency improvements at industrial level.