A meeting
24 June 2013
Another Step to Increase Investments in Reduced Energy Consumption by Public Sector End Users
On 20 June 2013, the National Communal Services Regulatory Commission held a meeting of its legislative development Board.
MFSI-II experts were also invited by the Commission to take part in the meeting. During this event, the participants reviewed the amendments to the Budget Code of Ukraine developed by the Commission jointly with the MFSI-II experts. The amendments to the core budget law will make it possible for the first time to settle the problem issues, which prevent from the introduction of energy performance contracts at the legislative level.
At the meeting, People’s Deputies, representatives of the Commission, scholars and experts of NGOs reviewed and supported on the whole the proposed legislative draft.
The adoption of such amendments will remove obstacles for engagement of private capital in energy saving activities in budgetary institutions. First of all, they would allow to establish an interrelation between the savings achieved in budgetary institutions and reimbursement of costs of energy performance services. Establishment of such a link will guarantee transparent rules when reimbursing investor’s costs. Also, the adoption of these amendments would allow making payments to investor during periods longer than one year.
On the whole, adoption of the said amendments to the legislation would allow to:
MFSI-II experts were also invited by the Commission to take part in the meeting. During this event, the participants reviewed the amendments to the Budget Code of Ukraine developed by the Commission jointly with the MFSI-II experts. The amendments to the core budget law will make it possible for the first time to settle the problem issues, which prevent from the introduction of energy performance contracts at the legislative level.
At the meeting, People’s Deputies, representatives of the Commission, scholars and experts of NGOs reviewed and supported on the whole the proposed legislative draft.
The adoption of such amendments will remove obstacles for engagement of private capital in energy saving activities in budgetary institutions. First of all, they would allow to establish an interrelation between the savings achieved in budgetary institutions and reimbursement of costs of energy performance services. Establishment of such a link will guarantee transparent rules when reimbursing investor’s costs. Also, the adoption of these amendments would allow making payments to investor during periods longer than one year.
On the whole, adoption of the said amendments to the legislation would allow to:
- Introduce a transparent and clear arrangement for negotiating and implementing energy performance contracts;
- Improve attractiveness of the public sector for potential investors in the field of energy saving by guaranteeing protection of their rights; and
- Reduce energy dependence of Ukrainian municipalities.
Glyanec