How to make the most out of your ESOS recommendations
Many businesses see ESOS as little more than another burden and cost from central government that they have to comply with. Six thousand organisations are registered for the scheme and there are still approximately 1000 further organisations not yet registered, missing the deadline and facing possible fines. The list of organisations that has been published by the Environment Agency in February offered the names of compliant businesses and provided an interesting insight into those businesses’ approach to energy management. Under 800 of the 6000 organisations have an energy efficient target or benchmark for energy reduction in place.
Most organisations we work with undertook site surveys in order to comply, thereby gaining a better understanding of how to save energy as a result of the scheme. Does this mean that the ESOS has been a success? The success will only be realised if the opportunities identified are turned into energy savings.
We found energy savings opportunities at nearly all the sites we surveyed, many offering attractive payback periods. We identified an average of £100,000 per annum saving opportunity per customer where we supported with ESOS; the majority of opportunities had a payback of less than 5 years.
On average, a business can reduce its annual energy costs by 20% by improving energy efficiency and energy management. Reducing your energy costs is one of the most effective ways for your business to improve its bottom line, by making sure you turn the cost into an opportunity by following up on ESOS and implementing some of the energy conservation measures identified.
With the right partner the investment you have already made in ESOS can be transformed into an action plan to save energy. Not only will this save money but it will ensure that you can demonstrate when ESOS comes around again in 2019 that you have made progress on saving energy.
How do you turn ESOS survey reports into energy savings? Depending on the nature of the surveys completed, more or less effort will be required to turn the savings into identified deliverable savings. Initially a robust and validated business case is required to ensure that the projects are valid and that investment will deliver the expected returns.
• Prioritisation – which projects should be implemented?
• Project managing successful implementation
• Measuring savings
We can help you through each step guiding you on which energy savings opportunities will deliver the greatest return and are most practical for your sites, ensuring you have a robust investment grade proposal to help secure funding, implementation of the project and then ensuring savings are realised and sustained with our data driven analytics and IPMVP standard approach to measurement and verification of savings.
Another consideration is future planning; getting the most value from the surveys is required for compliance in 2019 by completing these early and implementing the energy savings early. Why wait until the deadline to discover you could reduce your energy consumption when you can have a planned, rolling approach to surveys, avoiding that last minute panic we saw in 2015 leading to an extension of the deadline and a last minute rush for many.
Another thing to consider is whether ISO 50001 the right choice? Investing not only in compliance but embedding a continuous best practice approach to energy management in your business.