BPIE: Europe's buildings under the microscope - PU Europe
BPIE: Europe's buildings under the microscope - PU Europe
BPIE: Europe's buildings under the microscope - PU Europe
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Energy performance requirement: minimum level of energy performance that is to be achieved to<br />
obtain a right or an advantage: e.g. right to build, lower interest rate, quality label [CEN standard - En<br />
15217 “Energy performance of <strong>buildings</strong> – “methods for expressing energy performance and for <strong>the</strong><br />
energy certification of <strong>buildings</strong>”]<br />
Energy service company (ESCO): a natural or legal person that delivers energy services and/or o<strong>the</strong>r<br />
energy efficiency improvement measures in a user’s facility or premises, and accepts some degree of<br />
financial risk in so doing. The payment for <strong>the</strong> services delivered is based (ei<strong>the</strong>r wholly or in part) on <strong>the</strong><br />
achievement of energy efficiency improvements and on <strong>the</strong> meeting of <strong>the</strong> o<strong>the</strong>r agreed performance<br />
criteria [ESD, 2006/32/EC]<br />
Final energy: Energy supplied that is available to <strong>the</strong> consumer to be converted into useful energy (e.g.<br />
electricity at <strong>the</strong> wall outlet). (Intergovernmental Panel on Climate Change, IPCC)<br />
Gross floor area: The total area of all <strong>the</strong> floors of a building, including intermediately floored tiers,<br />
mezzanine, basements, etc., as measured from <strong>the</strong> exterior surfaces of <strong>the</strong> outside walls of <strong>the</strong> building<br />
Heat pump: a device or installation that extracts heat at low temperature from air, water or earth and<br />
supplies <strong>the</strong> heat to <strong>the</strong> building [EPBD, 2002/91/EC]<br />
Internal gross area: A term used in <strong>the</strong> United Kingdom, defined in <strong>the</strong> RICS Standard, for <strong>the</strong> area of a<br />
building measured to <strong>the</strong> internal face of perimeter walls at each floor level<br />
Internal rate of return (IRR): A rate at which <strong>the</strong> accounting value of a security is equal to <strong>the</strong> present<br />
value of <strong>the</strong> future cash flow. [<strong>Europe</strong>an Central Bank]<br />
Living floor space/area: total area of rooms falling <strong>under</strong> <strong>the</strong> concept of rooms [OECD Glossary of<br />
statistical terms]<br />
Nearly zero energy building: a building that has very high energy performance, as determined in<br />
accordance with Annex I of <strong>the</strong> EPBD recast. The nearly zero or very low amount of energy required<br />
should be covered to a very significant extent by energy from renewable sources, including energy from<br />
renewable sources produced on-site or nearby [EPBD recast, 2010/31/EC]<br />
Net floor area: A term used in <strong>the</strong> ISO standard to express <strong>the</strong> Interior Gross Area less <strong>the</strong> areas of all<br />
interior walls<br />
Net present value: The net present value (NPV) is a standard method for <strong>the</strong> financial assessment of<br />
long-term projects. It measures <strong>the</strong> excess or shortfall of cash flows, calculated at <strong>the</strong>ir present value at<br />
<strong>the</strong> start of <strong>the</strong> project<br />
Payback time: <strong>the</strong> length of time required to recover <strong>the</strong> cost of an investment<br />
Primary energy: Energy from renewable and non-renewable sources which has not <strong>under</strong>gone any<br />
conversion or transformation process<br />
Public building: building owned or occupied by any public body<br />
Regulated energy: energy used in <strong>the</strong> home for heating, cooling, hot water and lighting<br />
Residential building: A structure used primarily as a dwelling for one or more households. Residential<br />
<strong>buildings</strong> include single-family houses (detached houses, semi-detached houses, terraced houses (or<br />
alternatively row houses) and multi-family houses (or apartment blocks) which includes apartments/flats<br />
Third-party financing: a contractual arrangement involving a third party — in addition to <strong>the</strong> energy<br />
supplier and <strong>the</strong> beneficiary of <strong>the</strong> energy efficiency improvement measure — that provides <strong>the</strong> capital<br />
for that measure and charges <strong>the</strong> beneficiary a fee equivalent to a part of <strong>the</strong> energy savings achieved<br />
as a result of <strong>the</strong> energy efficiency improvement measure. That third party may or may not be an ESCO<br />
[ESD, 2006/32/EC]<br />
130 | <strong>Europe</strong>’s <strong>buildings</strong> <strong>under</strong> <strong>the</strong> <strong>microscope</strong>