The article highlights and summarizes the experience of ESCOs in the field of housing and communal services of modern Ukraine and identifies further theoretical and practical prospects for its improvement and development. The main conditions for the development of ESCOs in modern Ukraine are clarified. Ways to increase the level of energy efficiency and energy saving in the field of housing and communal services of modern Ukraine are proposed. The potential of energy saving in modern Ukraine is revealed. Further, prospects for the improvement and development of energy services and ESCOs in the field of housing and communal services of modern Ukraine are identified. The current concept of ESCO is given. The concept of energy service and the essence of the concept of energy service are revealed. ESCOs have been identified - barriers (budgetary, economic, institutional, motivational, technical, financial) that need to be addressed by law. Manifestations of unscrupulous behavior of energy service providers at the stages of implementation of the ESCO mechanism have been clarified. Prerequisites and tools for influencing the unscrupulous behavior of energy service providers are identified. Areas for improving the regulatory framework for ESCOs (access to finance, incentives for investment, coordination of supply and demand, promotion of the ESCO market), recommendations for further steps for each of the identified areas. Models of ESCO mechanism are described (widespread - classical, innovative - deepened partnership, perspective - ESCO - energy management). The content of the project on thermal modernization and energy efficiency measures in the buildings of housing and communal services (project goals, main measures, sources of funding, efficiency) is revealed. Keywords: state regulation, public administration, energy efficiency, energy saving, energy saving (energy efficient) measures, energy service, ESCO, ESCO barriers, ESCO mechanism, housing and communal services, models of ESCO mechanism, thermal modernization projects.