1-s2.0-S0301421516304669-main.pdf (415.16 kB)
Catalysing the energy service market: the role of intermediaries
journal contribution
posted on 2023-06-09, 02:57 authored by Colin Nolden, Steven SorrellSteven Sorrell, Friedemann PolzinThe UK market for energy service contracts is expanding, owing in part to the emergence of intermediaries for those contracts in different parts of the public sector. These intermediaries combine a legal framework for establishing contracts with an organisational framework that facilitates contract negotiation and execution. This paper examines the nature and operation of these intermediaries in more detail, including their achievements to date and their similarities and differences. It uses ideas from transaction cost economics to develop a theoretical model of the contracting decision and shows how intermediary organisations can lower the transaction costs incurred by both clients and contractors, thereby increasing the viability of contracting. The paper argues that intermediaries can play an important role in expanding the market for energy service contracts, and hence in delivering cost-effective energy efficiency improvements throughout the public sector.
History
Publication status
- Published
File Version
- Published version
Journal
Energy PolicyISSN
0301-4215Publisher
ElsevierExternal DOI
Volume
98Page range
420-430Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2016-09-19First Open Access (FOA) Date
2016-09-19First Compliant Deposit (FCD) Date
2016-09-19Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC