© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Are You Ready for ESOS?
Posted 17th April 2015

Are You Ready for ESOS?

Nearly three quarters of businesses (73%) have not started their mandatory energy audits to comply with the new ESOS legislation by the deadline of 5 December 2015.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Are You Ready for ESOS?
Image

Are You Ready for ESOS?

Nearly three quarters of businesses (73%) have not started their mandatory energy audits to comply with the new ESOS legislation by the deadline of 5 December 2015.

According to a new poll, conducted by Energy Live News, 61% of businesses surveyed have not yet appointed a lead assessor, with a minority of only 27% of businesses already ESOS compliant.

Under the new initiative large organisations in the UK* need to comply with the Regulations by measuring and reporting on energy use for a full 12 months across their sites or risk heavy fines of up to £50,000 plus extra charges of £500 per day (for up to 80 days).

The survey reported that 52% of organisations are citing lack of time and resources as the biggest barrier and 27% admitting identifying and collating data as the main challenge to complying with the scheme.

Darryl Mattocks, Managing Director of Enistic, energy management specialists, commented: “We are working hard to help organisations meet their ESOS obligations with as little pain as possible. Our Easy ESOS scheme is designed to take the pressure off. Starting with a free, no obligation scoping meeting, we can discuss the organisations energy consumption, available data, building portfolio, any industrial processes and transport in order to produce a tailored approach, time frame and fixed price for compliance.”

The poll also found that over half of the businesses surveyed have not yet appointed a lead assessor. This is amid concerns around supply and demand – with fewer than 500 lead assessors available for over 10,000 businesses who fall within ESOS.

Darryl Mattocks said: “The pressure on the limited number of lead assessors available to work on ESOS means that organisations really shouldn’t wait to act. The months from now until 5 December will fly by.”

According to the government, businesses could save £1.9 billion on energy bills, citing calculations that investing £15,000 a year on energy efficiency measures as recommended by the assessment could lead to bill savings of more than £56,000 per year.

Darryl commented “A monitoring and targeting campaign can identify significant energy savings for organisations averaging 28% but in some cases up to 45%. So the work in complying with the Regulations can bring opportunities to make some real cost savings.”

Categories: Legal


You Might Also Like
Read Full PostRead - Eye Icon
Should Your Company be Issuing 1099 Forms to Independent Contractors?
News
27/06/2022Should Your Company be Issuing 1099 Forms to Independent Contractors?

As soon as your small business starts outsourcing its tasks to independent contractors is the moment you need to consider tax compliance. Independent contractors aren’t supposed to use the same tax forms as employees, but they may not always need certain for

Read Full PostRead - Eye Icon
Changing the Appearance of Your Business: A Guide
News
28/01/2021Changing the Appearance of Your Business: A Guide

With the new year in full swing and with the long-awaited vaccine on the horizon, it is safe to say that life as we know it will be upon us in no time! Many people use this time of year to make changes to certain aspects of their lives, and this is undoubtedly

Read Full PostRead - Eye Icon
Cyber Crime Targeting Law & Education
Innovation
02/10/2019Cyber Crime Targeting Law & Education

Cyber crime is proving to be the biggest threat for the majority of businesses in the modern era, with legal firms proving to be the most at-risk, according to CySure CEO Joe Collinwood. So, how can businesses, legal or not, help ensure their cyber security is

Read Full PostRead - Eye Icon
The Evolution of Financial Compliance: 5 Must-Have Tools for the Modern Era
News
23/09/2024The Evolution of Financial Compliance: 5 Must-Have Tools for the Modern Era

Staying compliant with the ever-changing regulations landscape is difficult, to say the least. As the global economy becomes more interconnected, financial institutions face increased scrutiny from regulators and customers alike.  Fortunately, there are m

Read Full PostRead - Eye Icon
Fourth Annual Major Purchase Consumer Study Provides Insights Across 13 Categories
Finance
14/09/2015Fourth Annual Major Purchase Consumer Study Provides Insights Across 13 Categories

Even with the increasing influence of digital technology on retail habits, the in-store experience is important in all major purchase decisions, with an overwhelming majority of shoppers buying in person.

Read Full PostRead - Eye Icon
Global Company with a Homegrown Heart
Legal
16/02/2022Global Company with a Homegrown Heart

We take a closer look at ParrisWhittaker in light of it being named Most Outstanding Maritime Litigation Firm 2021 – Bahamas by Acquisition International magazine.

Read Full PostRead - Eye Icon
Acquisition International Announces the Winners of the 2023 Worldwide Finance Awards Programme
News
11/08/2023Acquisition International Announces the Winners of the 2023 Worldwide Finance Awards Programme

United Kingdom, 2023 – Acquisition International Magazine has unveiled the winners of the 2023 Worldwide Finance Awards.

Read Full PostRead - Eye Icon
An International Presence
Leadership
07/03/2017An International Presence

As part of the 2017 Global Mobility Awards, Duarte Ornelas Monteiro received the Most Outstanding for Cross border investment award.

Read Full PostRead - Eye Icon
Critical Value of Hotlines In Helping Staff ‘Speak Up’ About Wrongdoing
News
05/07/2023Critical Value of Hotlines In Helping Staff ‘Speak Up’ About Wrongdoing

Whistleblowing hotlines and multi-channel approaches are crucial to the successful implementation of an organisations’ whistleblowing policy.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow