New scheme for UK energy management

A new scheme has been launched in the UK, designed to help businesses save at least £250 million in energy costs by 2016.

The Energy Savings Opportunity Scheme (ESOS) is expected to help reduce business energy costs by a total of £1.6 billion by 2030. ESOS is a mandatory energy assessment and energy saving identification scheme for large undertakings and their corporate groups. Under the scheme, which applies throughout the UK, businesses will be required to look closely at their energy usage to identify cost-effective energy savings.

Welcoming the development, Tim Rotheray, director of the Combined Heat and Power Association (CHPA) and a founding member of the Alliance for Energy Management (AfEM) said: “Energy management has the potential to deliver tens of billions of pounds in savings while increasing the profitability and competitiveness of the UK’s businesses, and this new scheme should help facilitate these investments. However, with an increasing array of tax and regulations on big energy consumers, it is increasingly difficult for businesses to understand how they can reduce their energy costs in the most cost effective way.

"Our analysis shows that energy efficiency could save UK businesses and industry more than £11 billion by 2020. If we are to fully unlock this potential we need to put the consumer at the centre of policy and bring these various policies and tax strands together to make one synergistic system.”

ESOS is the UK government’s response to the EU Energy Efficiency Directive.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...