ESOS Phase 3
The Energy Savings Opportunity Scheme (ESOS) is a mandatory requirement for all large enterprises in the UK. The deadline for submission of Phase 3 reports is now 5th June 2024.
The scheme requires a survey and audit of energy usage and reporting of energy data for buildings, transport, and industrial processes over a 12-month period. All surveys have to be undertaken by a qualified Lead Assessor.
ESOS is designed to help businesses reduce carbon emissions, identify potential cost saving measures and how to implement them.
To find out if your business is eligible, you can download our ESOS fact sheet.
The point of ESOS
ESOS is not meant to tax industry but to help businesses become more energy efficient and energy aware. The overall aim is to reduce consumption and therefore carbon emissions, your Lead Assessor’s report will identify potential cost saving measures and how to implement them. Taking action on the results of the audit is not compulsory.
How is Phase 3 different from previous phases?
Phase 3 requires an increase in auditing as areas of significant energy consumption have increased to 95%.
This will include data collection, site surveys, report writing, portfolio extrapolation and a sign off presentation to a director. Half the number of Lead Assessors are available to complete the compliance sign-off, increasing pressure on the market.
What are the sanctions for non-compliance?
The financial penalty can be up to £50,000 with an additional £500 per day.
Unlike with previous ESOS phases where the Environment Agency has been lenient, late submission of phase 3 compliance will likely receive enforcement action with penalties.
How can Control Energy Costs help?
We ensured compliance for over 40 large companies under Phases 1 & 2, so are well-placed to assist any business with Phase 3. If you would like to check whether your business is compliant, please get in touch on 01737 556631 or email [email protected].