ESOS (Energy Savings Opportunity Scheme) audits; What Next?
It has become very clear over the last few months that some UK businesses are sitting on millions of pounds worth of Energy Cost Saving that is simply waiting to be realised.
ESOS (Energy Savings Opportunity Scheme) audits, since July 2014, have identified various solutions that could unlock huge savings for clients running into the hundreds of thousands. This takes many forms, from employing LED lighting, HVAC (heating, ventilation and air conditioning) controls and measures, CHP (Combined Heat and Power) and heat recovery systems to Energy Bill Consolidating. It simply depends on the individual nature of the business.
ESOS was implemented to make UK businesses more sustainable by identifying and reducing carbon-based fuel usage across buildings, processes and transport. The ESOS scheme is an opportunity for businesses to lessen usage through efficiencies and changes in working practices, specifically cost-effective energy saving measures. It was/ is a legal requirement for qualifying companies to comply, through measuring and reporting on their carbon-based energy consumption. Businesses and not-for-profit organisations with more than 250 staff or turnover in excess of €50m had to comply with the scheme.
Audits were conducted on behalf of a variety of private sector businesses nationwide, including high street retailers, pharmaceutical, commercial, industrial, and utility companies. The measures identified are expected to reduce electricity and gas consumption by up to 35% with very attractive project economics.
Michael O'Grady at Procuright explains, "ESOS was obviously a mandatory requirement for some organisations, although according to our statistics approximately 1500 businesses didn't go through the audit, but businesses should certainly consider following through on the recommendations made by the Energy Experts. It may seem like the scheme was simply a Governmental paper exercise but we've found that many of the recommendations provide great opportunities for businesses to save both Energy and money."
Michael continued, "Companies have absolutely no obligation to act on the ESOS findings and recommendations. But the case for following through on the suggestions is clearly mapped out in the significant Energy Cost Saving available. This is a chance for organisations to drive change that can have strong long-term corporate and community benefits as well as creating marketing opportunities around corporate social responsibility."
The Department of Energy & Climate Change (DECC) and the Environment Agency estimated that if every participating business, covered by ESOS, reduced their Energy Consumption (which can certainly be achieved in a cost-effective manner) by an average of just 0.7% then they will collectively reduce their Energy bills by over £250 million (The 42 page Government Document can be found here)The savings could be even greater for certain businesses of course.
With the ESOS audit phase now complete, the real benefits are just beginning to emerge as businesses start to implement Energy Cost Savings programmes based on their individual Energy efficiency recommendations.Procuright can help clients implement their ESOS recommendations.
"ESOS was implemented to make UK businesses more sustainable by identifying and reducing carbon-based fuel usage across buildings, processes and transport. The ESOS scheme is an opportunity for businesses to lessen usage through efficiencies and changes in working practices, specifically cost-effective energy saving measures."