On July 6th, 2021 the Department for Business, Energy, & Industrial Strategy (BEIS), launched a consultation: 'Strengthening the Energy Savings Opportunity Scheme'.

The Energy Savings Opportunity Scheme (ESOS) is a mandatory energy assessment for large undertakings. It identifies cost-effective and energy-efficient opportunities that support businesses in reducing their energy costs and emissions and simultaneously increasing competitiveness.

By 2030 ESOS is expected to reduce UK businesses' energy costs by £1.6bn.

ESOS reporting is compulsory for any UK organisation with:

• 250+ employees
• or an annual turnover in access of £44m and balance sheet in excess of £38m

ESOS reporting will likely be more stringent and detailed, resulting in increased fees from energy consultancies to cover the additional time, workload, and analysis.

OEM will not be charging any additional fees to ESOS contracts that are signed before the consultation takes effect.

Are you prepared for ESOS Phase 3? Enquire today.

Last updated: September 2021