Recognising the potential to improve the energy performance of a typical public sector building and therefore reduce its running costs, the Greater London Authority (GLA) established RE:FIT; a building retrofitting scheme to support public sector organisations to reduce their carbon footprint and subsequent energy bills. The target is for 40% of public sector buildings in London to be retrofitted by 2025. This would retrofit 11 million m2, realising a reduction in carbon emissions of over 2.5 million tonnes per annum.
Available to all public sector organisations in the UK, the RE:FIT Framework streamlines the procurement process for energy services by providing pre-negotiated, EU-regulation-compliant contracts that can be used with a group of pre-qualified Energy Service Companies (ESCos). The ESCo designs and implements energy conservation measures, which enable organisations to cut running costs, energy consumption and carbon emissions. The ESCo guarantees the level of energy savings, thus offering a secure financial saving over the period of the agreement. This innovative model transfers the risk of performance to the ESCo.