Businesses that are proactive in pursuing energy savings could recoup the initial cost of complying with the new Energy Savings Opportunity Scheme (ESOS) regulations, according to property and energy agency, Savills Energy.
Savills believes that the majority of businesses who qualify for ESOS will be able to recover their compliance costs within two years, with more ambitious companies able to transform compliance into a cost saving measure.
A recent survey in the third annual edie Energy Management report revealed that almost 60% of companies who will be liable to take part in the Energy Savings Opportunity Scheme (ESOS) haven’t started work on the required assessment, according to a new survey. In addition, just 30% of businesses recognised that the service would help their company become more energy efficient.
“ESOS is an opportunity for businesses to reduce energy costs and increase revenue, provided a structured approach towards compliance is taken at the beginning of the process,” explained Stuart Campbell, a director at Savills Energy.
He continued: “We’re keen to show the 70% of businesses who don’t believe that ESOS will identify savings that they are highly achievable, provided the right advice is sought at the outset. With the deadline fast approaching, and taking into account that the compliance process itself can often take up to three months to complete, we have invested in a number of key appointments and partnerships to ensure we can ease the journey for UK businesses to achieving greater energy efficiency.”