The Government is today publishing its proposals for an Energy Savings Opportunity Scheme (ESOS) for public consultation.
The new scheme will enable companies to identify opportunities to save money on energy bills through improved energy efficiency and could benefit the UK by £1.9 billion.
Under the scheme, which is being developed as part of the UK’s implementation of the EU Energy Efficiency Directive, large enterprises will be required to undertake ESOS assessments to identify cost-effective ways to invest in energy efficiency, helping reduce energy bills and increase competitiveness.
This scheme is intended to promote the uptake of cost-effective energy efficiency measures by requiring all large enterprises in the UK to undertake energy efficiency audits by December 2015 and every four years thereafter.
The scheme is the Government’s approach to meeting the requirements of Article 8 of the EU Energy Efficiency Directive (2012/27/EU).
In developing this consultation document, officials in my department have worked closely with colleagues across Government and with industry experts. Our proposals aim to provide for a proportionate and better regulation approach, with the objective of yielding net benefits for the UK as a result of additional energy saving.
I will place copies of the consultation in the libraries of both houses. Copies are also available online.
The consultation will close on 3 October 2013. The Government intends to bring forward secondary legislation in spring 2014 setting out the legal framework for the operation of the scheme, so that the UK can meet the 5 June 2014 EU deadline for transposition of the Energy Efficiency Directive.