It is now 6 months until 5 December, the final deadline for phase two of the Energy Savings Opportunity Scheme (ESOS).By this critical date, the thousands of businesses required to comply with ESOS, must have completed the following actions:
- Select and appoint an ESOS Lead Assessor, who is legally required to approve your final audit. You may also want to use their expert support throughout the compliance process.
- Collect, verify and record 12 continuous months of accurate business-wide energy consumption data, including buildings, processes and transport activities. This 12-month period must include 31 December 2018.
- Use this information to identify areas of significant energy consumption to be assessed for energy saving opportunities.
- Complete your audits and get sign off from your Lead Assessor
- Present the ESOS findings to your senior management and gain the legally required Director sign-off . This also provides an opportunity to discuss how you might implement the proposed energy saving opportunities.
- Make your final ESOS submission to the regulator by the final deadline of 5 December 2019.
Who is eligible?
ESOS applies to large, mainly private sector organisations (with more than 250 employees, or a turnover of more than 50 million Euros and a total balance sheet asset value of more than 43 million Euros). Any business that qualified for ESOS Phase One is likely to qualify again but must use fresh data.
3 reasons why you should fast-track your ESOS compliance
At this proximity to the deadline, you will probably need additional help to meet the deadline for the following reasons:
1. Collating all the complex data is not a quick job
Gathering the required business-wide energy information is a time-consuming process. You'll need to check the original information sources, such as meter readings, delivery notes, mileage logs and supplier invoices, which take time, perseverance and patience. Prompt action means that any inevitable data gaps or inaccuracies can be remedied, and all information verified before submission.
2. Your ESOS Lead Assessors may be unavailable
The compliance process must be verified by an ESOS Lead Assessor and you may struggle to find one at this point in the process. You may also need to pay premium rates for the short deadline. These problems occurred in the phase one compliance cycle, when limited availability of assessors caused last-minute bottlenecks and non-compliance issues for many participants. Act now to avoid fines for non-compliance and the reputation damage from breaching environmental legislation.
3. You could miss out on energy cost savings
The biggest benefit of speedy ESOS completion is that it gives you rapid insight to implement the recommended energy efficiency opportunities and save money. From more than 150 ESOS audits completed by Inprova Energy assessors in phase one, we identified opportunities to reduce total energy consumption between 5 and 20%. Implementing these recommended actions could, therefore, deliver up to £20 cash back on every hundred pounds spent on energy. At a time of rising energy costs, ESOS provides a great way to exploit energy efficiency opportunities and tackle cost pressures.
Many ESOS participants will also be eligible for the Streamlined Energy and Carbon Reporting (SECR) scheme, scheduled to start on 1 April 2019. If you're unsure whether your organisation will be impacted by the introduction of SECR, try our free online SECR Qualification Checker Tool. This will require companies to report on the energy efficiency actions they have undertaken during the financial year.
Contact Inprova Energy for expert help with ESOS compliance. Phone us on 0330 166 4444.