Large companies risking huge fines over ESOS

Almost three quarters of large UK businesses are running the risk of five-figure fines by missing the deadline to submit their Energy Saving Opportunities Scheme (ESOS) audit.

The survey, carried out by Energy Live News, found that 73% of companies that are included in the first round of ESOS have yet to start mandatory audits that will need to be in place by the deadline of 5 December 2015.

The research further identified that 61% of businesses surveyed are yet to appoint a lead assessor and only 27% are already ESOS compliant.

The Energy Savings Opportunity Scheme requires large enterprises to conduct mandatory energy audits every 4 years.  So if your organisation (group of companies) employs more than 250 staff and/or your turnover is in excess of 50 million Euros, you are included in the first round of ESOS and need to submit your audit this year.

Duncan Banks, CEO at IU Energy explained: “At least 12 months of audit data needs to be supplied by the above date so our advice is to act now if you haven’t already done so.  We are already working with a number of organisations from regional powerhouses to a multi national plc so we can advise on what is needed to ensure compliance. Furthermore, there is a real shortage of lead assessors so leaving it late could be risky and probably more expensive as we approach the deadline of 5 December.”

If you’d like more information about ESOS, please click here.

If you’d like to receive advice on ESOS please contact Duncan Banks on 01752 262626 for a free initial discussion.