The economics of cogeneration and the relationships between the cogenerator and the public utility were the main subjects of discussion. The general experience is that the public utility is paying the cogenerator at least (and many cases, well above) the avoidable cost of the production of that kWh with new capacity. Other relevant points to make are that Spain is the only country in Europe where a public utility is operating as an ESCO and that anyone willing to get a standarized third financing contract should ask for it for the D.G. XVII of the E.C.