The third phase of the Energy Savings Opportunity Scheme is already underway with the compliance period running from 6th December 2019 until 5th December 2023, when mandated organisations are required to notify compliance to the Environment Agency.
Although it may be tempting to put off compliance until later down the line, it is never too early to start identifying energy and cost-saving opportunities.
By implementing your ESOS recommendations and reducing consumption now, you will reap the financial benefits earlier, giving your bottom line a boost when you need it most.
ESOS will also support your organisation’s sustainability initiatives (including ESG and net zero), by identifying opportunities for carbon reduction, as well as improving your SECR narrative for those required to disclose.
Many of the energy-saving opportunities can be implemented at a relatively low cost, such as staff engagement programmes to help drive efficient behaviour.
We recently worked with a national retail chain who chose to implement our Interactive Profile Alerts service to monitor their site energy consumption and report irregular usage patterns.
A combination of automated alerts and calls to their highest priority sites has resulted in over £34,000 annualised cost savings.
Eligible organisations must review their total energy consumption, including buildings, industrial processes and transport, conducting audits to identify energy saving opportunities.
We can help assess your needs and find the most appropriate route to compliance – your three main options are:
At Inspired Energy, we have supported hundreds of clients in meeting their ESOS compliance during phase 1, phase 2 and now into phase 3. The time and cost involved in energy compliance schemes like ESOS and SECR can mean organisations see it as a burden – but we can help you turn ESOS into a revenue positive exercise, having already identified over £96m of annualised saving opportunities in the previous phase.
By Inspired Energy plc