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Businesses Required to Comply With ESOS Regulations by December 2015

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Businesses Required to Comply With ESOS Regulations by December 2015

Reviewed: 4th June 2015

One major grumble shared by large organisations across the UK is the amount of so-called 'red tape' they have to continually hurdle. Unfortunately, there is a little more by way of ESOS – which stands for The Energy Savings Opportunity Scheme (ESOS). However, to dismiss this mandatory scheme as an unnecessary expense would be imprudent considering the significant potential savings further down the line.

"It is, in fact, a real opportunity for your business to recognise tangible financial savings through energy efficiency," says Julie Palmer, Partner at BTG Green.

These aforementioned savings could translate into a substantial reduction in bottom line costs. In fact, The Department of Energy & Climate Change (DECC) states that 'an ESOS audit can identify potential cost savings more than 13.5 times greater than the cost of the audit'.

So having established that savings are abound, how do you know whether your organisation needs to comply? The answer is related to key criteria. You'll need to give your Facilities Manager an urgent prompting if your company is in the private or third sector and:

  • Your company has 250+ employees, and/or
  • Your company turnover is over £42.5m, and
  • Your company balance sheet is over £36.5m

And you'll need to act fast. Thousands of organisations have already begun their route to compliance which involves a Lead Assessor examining the current energy efficiency of your current activities. In recent weeks, the Environment Agency sent out reminders to those it believes must comply by the December deadline.

It reads:

"ESOS is a mandatory energy assessment scheme for large organisations in the UK. It aims to help organisations identify cost-effective energy efficiency opportunities that can both help reduce carbon emissions and save money.

"This is a reminder that, if your organisation is covered by the scheme, you need to complete your ESOS assessment and notify your compliance to us on the ESOS page on GOV.UK by 5 December 2015.  Complying with ESOS may take your organisation time so it is important to act now to understand your responsibilities and determine what you need to do to comply."

For more information on ESOS compliance and to ascertain whether your organisation meets the criteria, visit BTG Green for a free review. ESOS does not apply to the public sector or organisations subject to an insolvency procedure. Our extensive office network comprises 55 offices across the UK with a partner-led service offering immediate director advice.


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