Energy savings performance contracts espcs allow federal agencies to procure energy savings and facility improvements with no up front capital costs or special appropriations from congress an espc is a partnership between an agency and an energy service company esco. What gao found the seven selected agencies in gaos review awarded approximately 121 billion in energy savings performance contracts espc in fiscal years 1995 through 2014 and plan to continue using them to help meet federal energy directives and initiatives. Energy savings performance contracts are regulations created by the federal energy management program femp of the united states department of energy doe as required by the energy policy act of 1992 the final doe ruling came into effect on may 10 1995. Energy savings performance contracts espcs are a partnership between a federal agency and an energy service company esco after being selected for a potential award the esco conducts a comprehensive facility energy audit and identifies improvements to save energy. Savings performance contracts espcs and utility energy service contracts uescs for energy efficiency and new renewable power generation in so doing this memorandum supplements the omb guidance in memorandum m 98 i3 federal use ofenergy savings performance contracting which remains in effect and is enclosed this guidance covers
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