The 9,000 big UK businesses directly affected by the new Energy Saving Opportunity Scheme could save UK£250 million between them, or an average UK£27,000 each, if they reduced electricity consumption by just 1%. The total amount is equal to the output of five power stations, at a time when Britain’s grid is under strain. On 26 November 2014, UK Energy and Climate Change Secretary Ed Davey met with over 100 opinion makers from businesses, charities and universities at the Institute of Directors. The gist of what he presented was:
- “Britain’s big firms are spending around £2.8 billion extra each year on inefficient energy technologies – the equivalent output of nearly five power stations;
- Now is the time to seize the opportunity with ESOS – and organisations up and down the country are already gearing up to make changes to save energy, save money and save the environment.
- If business did what business is supposed to do [that is innovate to make money] and act and invest, it will save – and that’s the bottom line.”
The environmental benefits are as important although EcoVaro agrees with Ed Davey for taking a pecuniary approach. Businesses above the threshold of 250 staff and a balance sheet of UK£34 million would have not achieved their status unless they spent their money wisely. The discussion panel
included Rhian Kelly (Director of Business Environment at CBI), and Paul Ekins (Director UCL Institute for Sustainable Resources & Deputy Director of the UK Energy Research Centre). Hugh Jones, Managing Director, Advisory at the Carbon Trust responded to Ed Davey’s remarks by commenting:
- “At the Carbon Trust we have already engaged with hundreds of businesses on ESOS, helping to explain how they can achieve compliance while also making significant energy savings and cutting carbon.
- Businesses often aren’t aware of opportunities in energy efficiency, or they don’t realise how attractive the paybacks can be. By requiring companies to understand exactly how they can make cost-effective investment in energy efficiency, they are far more likely to take action.
- From the interest we have seen so far we expect ESOS to benefit British business by helping companies to reduce overheads and increase competitiveness.
The UK’s Energy Saving Opportunity Scheme ESOS is a gold mine of opportunities for big business, the environment and the population that breathes the air. Measurement of critical energy throughputs is the beginning of the process. EcoVaro
is standing by to help you convert your data to meaningful information.