South Korea: Energy Service Companies

Promote the expansion of the existing ESCOs with aggressive governmental financial support and incentives.   ESCOs invest in energy utilizing facilities if it is unable to replace or improve existing facilities with more energy efficient ones. ESCOs finance the necessary projects and are reimbursed with the money saved from future energy cost reductions. The reimbursement of ESCOs’ investment is made by money saved with future energy cost reductions. 

Date Implemented: 1992

Status: In Force; Voluntary

References: National Communication to the UNFCCC

http://www.kemco.or.kr/english/sub03_esco.asp