UK businesses could be saving millions of pounds in energy cost savings, research suggests

UK businesses are sitting on millions of pounds worth of energy cost savings that are waiting to be implemented, an energy efficiency auditor has recently revealed, as a result of conducting numerous audits through the ESOS (Energy Savings Opportunity Scheme) scheme.

ESOS was launched by the Government in 2014 to assess the energy used through buildings, industrial processes and transport and identify cost-effective energy saving and carbon reduction measures. Businesses and not-for-profits with more than 250 staff or turnover in excess of €50m had to comply with the scheme.

Ameresco UK conducted audits on behalf of a variety of private sector businesses nationwide, including high street retailers, pharmaceutical, commercial, industrial, and utility companies. The measures identified are expected to reduce electricity and gas consumption by up to 35% with very attractive project economics.

Britta MacIntosh, Vice President, Ameresco UK Operations, said: "Businesses should seriously consider following through on the recommendations made by the energy experts. Many of the recommendations provide great opportunities for businesses to save both energy and money, often without a substantial time or cost commitment. This is a chance for organisations to drive grassroots change that can have strong long-term corporate and community benefits."

"Ameresco UK's ESOS audits have pinpointed various solutions that could unlock huge savings for clients running into the hundreds of thousands, from implementing LED lighting, HVAC, controls, CHP and heat recovery to consolidating utility bills."

Britta MacIntosh continued: "We believe that the Department of Energy & Climate Change (DECC) and the Environment Agency have outlined a compelling business case for ESOS. They've calculated that if businesses covered by ESOS achieved just 5% of the cost-effective energy efficiency potential identified for buildings and industrial processes then collectively they could save more than £250m. However, we believe the savings could be even greater for certain businesses."

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