Energy Savings and Opportunities Scheme
What is ESOS?
ESOS is a government initiative administered by the Environment Agency as a mandatory assessment scheme for certain organisations in the UK. Businesses must complete audits of their energy consuming processes to identify cost effective energy saving measures once every four years.
Why was ESOS introduced?
It was developed in order to comply with the The EU Energy Efficiency Directive and is designed to incentivise large businesses to implement energy saving measures which reduce carbon emissions and energy cut costs. ESOS phase 2 is being introduced with a deadline to comply of 5th December 2019. Companies who are required to be, but are not compliant by this deadline will be fined.
Who needs to comply?
Organisations need to comply with ESOS if they meet the following criteria:
Employ 250 people or more
Annual turnover of £44,845,000
Annual balance sheet of £38,566,700
Overseas company with more than 250 people at UK registered establishment (paying UK income tax)
How can we help?
If you have any questions about ESOS, are currently in the process of registering for phase 2 of the legislation and would like our help, or are unsure whether your business is required to comply. Get in contact with our compliance experts today to ensure you don’t get fined before the deadline of 5th December 2019.