© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Are You Ready for ESOS?
Posted 17th April 2015

Are You Ready for ESOS?

Nearly three quarters of businesses (73%) have not started their mandatory energy audits to comply with the new ESOS legislation by the deadline of 5 December 2015.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Are You Ready for ESOS?
Image

Are You Ready for ESOS?

Nearly three quarters of businesses (73%) have not started their mandatory energy audits to comply with the new ESOS legislation by the deadline of 5 December 2015.

According to a new poll, conducted by Energy Live News, 61% of businesses surveyed have not yet appointed a lead assessor, with a minority of only 27% of businesses already ESOS compliant.

Under the new initiative large organisations in the UK* need to comply with the Regulations by measuring and reporting on energy use for a full 12 months across their sites or risk heavy fines of up to £50,000 plus extra charges of £500 per day (for up to 80 days).

The survey reported that 52% of organisations are citing lack of time and resources as the biggest barrier and 27% admitting identifying and collating data as the main challenge to complying with the scheme.

Darryl Mattocks, Managing Director of Enistic, energy management specialists, commented: “We are working hard to help organisations meet their ESOS obligations with as little pain as possible. Our Easy ESOS scheme is designed to take the pressure off. Starting with a free, no obligation scoping meeting, we can discuss the organisations energy consumption, available data, building portfolio, any industrial processes and transport in order to produce a tailored approach, time frame and fixed price for compliance.”

The poll also found that over half of the businesses surveyed have not yet appointed a lead assessor. This is amid concerns around supply and demand – with fewer than 500 lead assessors available for over 10,000 businesses who fall within ESOS.

Darryl Mattocks said: “The pressure on the limited number of lead assessors available to work on ESOS means that organisations really shouldn’t wait to act. The months from now until 5 December will fly by.”

According to the government, businesses could save £1.9 billion on energy bills, citing calculations that investing £15,000 a year on energy efficiency measures as recommended by the assessment could lead to bill savings of more than £56,000 per year.

Darryl commented “A monitoring and targeting campaign can identify significant energy savings for organisations averaging 28% but in some cases up to 45%. So the work in complying with the Regulations can bring opportunities to make some real cost savings.”

Categories: Legal


You Might Also Like
Read Full PostRead - Eye Icon
Audit Red Flags: 5 Signs You Need an IRS Audit Lawyer
News
22/04/2024Audit Red Flags: 5 Signs You Need an IRS Audit Lawyer

Tax season can be a time of elevated stress. An IRS audit raises that stress exponentially, even if you’re confident in your return filing. While IRS audits sometimes result from random selection, often the process can be more targeted. Knowing certain a

Read Full PostRead - Eye Icon
Going Beyond Zero Trust: How Far Should Organisations Go to Protect Their Information?
Innovation
18/06/2024Going Beyond Zero Trust: How Far Should Organisations Go to Protect Their Information?

Organisations are under extreme pressure when it comes to protecting data. The range of cybersecurity threats is constantly evolving as the world becomes increasingly reliant on technology.

Read Full PostRead - Eye Icon
8 Common Mistakes to Avoid When Building Your First App
Innovation
20/05/20248 Common Mistakes to Avoid When Building Your First App

The app market is developing faster than before. With over 23 million applications in the App Store and Google Play, you may only wonder how many people are creating them.

Read Full PostRead - Eye Icon
Antal Acquires Smart Moves
M&A
27/05/2015Antal Acquires Smart Moves

Antal Acquires Smart Moves

Read Full PostRead - Eye Icon
Money-Making Magic: Discovering Exciting and Profitable Investment Ventures
Finance
19/07/2023Money-Making Magic: Discovering Exciting and Profitable Investment Ventures

Investing has always been a gateway to financial growth and security. Even so, it doesn't have to be all about numbers and charts. Investment ventures not only generate significant returns – they bring excitement and thrill to the table.

Read Full PostRead - Eye Icon
Seven Contracts Every Startup Should Be Aware Of
Legal
07/06/2023Seven Contracts Every Startup Should Be Aware Of

Starting a business is a challenging and exciting process, with founders expected to have a thorough understanding of numerous different legal processes. Startup founders need to be familiar with the different types of contracts they require to ensure their bu

Read Full PostRead - Eye Icon
Immigration & EU Membership Top the List of Business Issues
Finance
22/04/2015Immigration & EU Membership Top the List of Business Issues

Research from MakeItCheaper.com suggests that business owners are more concerned with the issues of EU membership and immigration above all else. With 17 days to go until the UK general election, business owners have said what they would like to see addressed

Read Full PostRead - Eye Icon
The Role of Fintech and Brexit
Finance
30/08/2019The Role of Fintech and Brexit

Brexit and business have become reluctant synonyms since 2016. Once the EU referendum was over, thoughts immediately turned to the ways in which a departure from the European Union would affect the economy. Today, three years on, the picture may not be any cle

Read Full PostRead - Eye Icon
Dole Acquires Chile’s TucFrut Farms
Finance
10/10/2016Dole Acquires Chile’s TucFrut Farms

Dole Food Company announces the acquisition of the TucFrut farms and packing facilities in the Molina and Linares areas of Chile. The TucFrut property, located 140 miles South of Santiago



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow