![]() C2.1 Worked example of identifying areas of significant energy consumption Some businesses may opt to audit more than 95% of their total energy consumption in order to get the most benefits from the scheme. In determining which energy consumption to deem ‘de minimis’, businesses will want to consider where ESOS can have maximum potential for their organisation. For instance they could exclude particular assets, types of fuel, or activities. Businesses have flexibility to determine this. One of the key decisions that organisations will need to take is in determining their areas of significant energy consumption. Identifying areas of significant energy consumption However, ESOS participants and the UK as a whole will only realise this benefit (which more than offsets the cost of complying with ESOS) if they implement the cost-effective recommendations identified in ESOS audits and engage with their lead assessor to ensure that they have access to the information and staff they need to develop meaningful recommendations. (Data from the Energy Security Bill factsheet: Powers to strengthen the energy savings opportunity scheme.) The changes to the scheme being introduced from the third compliance period onwards are estimated to lead to an additional 28TWh across all participants over 2024-2037, which equates to an estimated £1.12 billion in energy bill savings for participants over that period. There is significant potential to decrease energy consumption across all sectors, and yet opportunities to improve energy efficiency are often under-exploited. It also constitutes an integral part of the UK’s climate change mitigation effort, which also includes the CCA scheme, and the UK ETS. Optimising energy use leads to improved profitability and increased competitiveness. Full details can be found in the final stage ESOS impact assessment.) (Figure calculated on basis of NPV (2015 to 2030). The scheme is estimated to have already delivered £1.6bn net benefits to the UK, with the majority of these being directly felt by businesses as a result of energy savings. This appendix provides additional information for participants on the approaches they might take to comply with Energy Savings Opportunity Scheme ( ESOS) in order to help them maximise the benefit to their organisation.ĮSOS energy audits have the potential to increase your business profitability and competitiveness by identifying cost-effective savings which, if implemented, will improve energy efficiency.
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