Companies slow on energy audits

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How to save money on energy

By 5 December, all large UK companies (over 250 staff or turnover exceeding £38m) must conduct and report energy-efficiency audits

The time-consuming nature of running a business means it’s all too easy for directors to push certain tasks to the back of their minds. But there’s one crucial piece of upcoming legislation that three-quarters of UK firms are overlooking – leaving them liable to hefty fines.

By 5 December, all large UK companies (over 250 staff or turnover exceeding £38m) must conduct and report energy-efficiency audits to the Environment Agency as part of the ESOS [Energy Savings Opportunity Scheme] assessment.

According to a recent Energy Live News poll, 73 per cent of businesses have yet to do so – risking £50,000 fines plus extra £500 per day charges.

What are the benefits of energy assessment? Businesses that invest £15,000 a year on energy efficiency could save up to £56,000 annually.

gov.uk/energy-savings-opportunity-scheme-esos

About author

Christian Koch

Christian Koch

Alongside his work for Director, Christian has written features for the Evening Standard, The Guardian, Sunday Times Style, The Independent, Q, Cosmopolitan, Stylist, ShortList and Glamour in an eclectic career which has seen him interview everybody from Mariah Carey to Michael Douglas through to Richard Branson with newspaper assignments including reporting on the Japanese tsunami and living with an Italian cult.

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