COMPLIANCE DEADLINE FOR THIRD COMPLIANCE PERIOD: 31 DECEMBER 2022
Energy Saving Opportunity Scheme (ESOS)
ESOS is a UK scheme encouraging large organisations to save energy and money through energy efficiency.
Implementing recommendations from an ESOS audit could reduce an organisation’s annual energy costs by 20% or more.
ESOS Phase 3 Compliance is a mandatory Government energy efficiency scheme targeted at all large UK companies.
The qualification date for ESOS Phase 3 is fast approaching.
UK businesses have until December 2023 to comply, but the key date for assessing whether or not you qualify is 31st December 2022.
The reference period for your ESOS report should be a 12 month period to include the qualification date of 31st December 2022, but which ends before the deadline of 5 December 2023.
If your company meets the conditions for ESOS on that date, you must comply.
What is ESOS?
Launched in 2014, ESOS is a mandatory energy assessment scheme and is the UK Government’s response to the implementation of Article 8 of the EU Energy Efficiency Directive – designed to support energy efficiency measures in the UK’s commercial and industrial sectors.
The Criteria for ESOS
The scheme affects organisations that employ at least 250 people – or those that employ less than 250 people – but who achieve an annual turnover in excess of £44m and an annual balance sheet in excess of £38m.
It’s now in its third phase and companies are being urged to adhere to the compliance deadline of 31st December 2022.
The Road to Compliance
- The consultancy starts with an initial assessment which leads to a full review of available energy data across an organisation’s site.
- Using energy monitoring equipment, the system tracks an organisation’s energy consumption remotely, minute by minute and identifies driving factors affecting energy efficiency.
- Our team then conduct an energy audit to identify cost effective energy efficiency and energy management opportunities.
- SMARTech energy consultancy prepare an Energy Management Survey report which substantiates the audit, it’s findings and recommendations.
- Our team prepare a report of compliance to the Environmental Agency.
Energy Savings Opportunity Scheme (ESOS) and Streamlined Energy and Carbon Reporting (SECR) – What’s the difference?
ESOS is separate to the new streamlined energy and carbon reporting (SECR) framework which came into force on 1 April 2019 through The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018.
Many of the organisations who meet the criteria of ESOS will also have SECR obligations which apply to all quoted companies, large unquoted companies and large limited liability partnerships and require disclosure in annual reports of energy, emissions and energy efficiency action taken.
Systems in place to collect and audit energy use to meet ESOS obligations and progress with implementation of ESOS recommendations can help organisations to meet SECR requirements.
More information on the eligibility criteria
You must take part in ESOS if your undertaking is part of a worldwide corporate group which includes another UK undertaking that meets either of the above conditions.
The benefits of going through ESOS Compliance
- Adhere to legislative requirements
- Failure to comply with ESOS could result in civil penalties.
- Meet CSR and Environmental commitments
Our experience has shown that going beyond the mandatory environmental compliance makes for a compelling business case.
Are you looking to reduce energy bills?
Implementing effective cost energy saving projects can reduce an organisation’s annual energy costs by 20% or more and with the need to protect the environment, together with rising energy costs – the offer of a financial return further contributes to an organisation’s sustainability objective.
Energy Efficiency as a Service
SMARTech energy have made reducing energy consumption and adhering to environmental legislations very simple.
Energy Efficiency as a Service is the CapEx free solution to implementing energy audits required for legislation purposes – such as ESOS and SECR.
Contact our team on 01225 635 660 or through our contact us page for more details.
Why choose SMARTech energy?
As an approved ESOS Lead Assessor, our experience has shown that significant energy savings can be identified through the ESOS process. For more information on how we can make your organisation compliant and identify cost savings, contact us now.
Talk to us to see how we could help you save money
Contact us to book your free energy consultation
Download our latest customer Case Studies
Download our latest customer product brochures
We would be delighted to discuss how we can be of assistance.
If you have a questions or would like more information then please complete this form and we will be in contact.