Energy efficiency measures for large firms could see 1.9 billion net benefit for UK
Proposals for new energy saving assessments for larger firms in the UK have been published today by the Department of Energy and Climate Change (DECC). These assessments, required by the new Energy Savings Opportunity Scheme (ESOS), will enable companies to identify opportunities to save money on energy bulls through improved energy efficiency and could benefit the UK by £1.9 billion.
Under the scheme, which is being developed as part of the UK’s implementation of the EU Energy Efficiency Directive, large enterprises will be required to undertake ESOS assessments to identify cost-effective ways to invest in energy efficiency, helping reduce energy bills and increase competitiveness.
Organisations who take up energy efficiency recommendations will face lower energy bills – on average, an enterprise taking up recommendations from energy savings assessments will invest £15,000 per year in energy efficiency measures and benefit from bill savings of £56,400 per year.
Energy and Climate Change Minister Greg Barker said: “Effective energy efficiency means cutting out waste and increasing profits. These new energy saving assessments will help our largest firms identify where money can be saved by installing energy efficiency measures.”
The new scheme will complement other Government initiatives aimed at helping businesses make investments to improve energy efficiency, such as the non-domestic Green Deal, Electricity Demand Reduction, and Enhanced Capital Allowances for energy-saving plant and machinery.
For more information, visit the DECC webpage.