March 2012: GLA start the procurement of a new RE:FIT framework, their programme working to support energy efficiency retrofits in public sector buildings.
The approval document sets out that “RE:FIT provides a commercial model for public bodies to implement energy efficiency and building integrated improvements to their buildings, reducing energy consumption and carbon emissions. The reduction in energy bills and the carbon footprint of buildings is achieved by appointing an EnergyService Company (ESCo) to undertake energy efficiency measures in buildings. The ESCo guarantees a set level of energy savings, this offers a financial saving over the period of the arrangement. The risk associated with the delivery of energy savings is passed onto the ESCo rather than the owner ofthe building.”
A new procurement framework is also being created as the approval form notes that the ” energy services market has also developed significantly since the current Framework was createdwith significant new players entering the market and therefore it is recommended that a new Framework is created by January 2013.”