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Energy Saving Opportunity Scheme – ESOS Phase 3
ESOS - Energy Saving Opportunity Scheme Phase 3 The Energy Savings Opportunity Scheme (ESOS) has been running since 1 January 2017. If your business qualifies for ESOS then you must comply or face significant penalties. ESOS has been subject to three phases and Phase 3 has a deadline of 5 December 2023. So, with less than a year before the deadline, we take a look at what this means for your business. What is ESOS The ESOS scheme is a mandatory energy assessment and energy-saving initiative that was introduced by the UK Government in 2014. It’s designed to help organisations reduce their energy usage, lower their carbon emissions and save money through energy efficiency measures. Large organisations are required to assess their energy usage every 4 years and use this assessment to [...]
Is the Energy Bill Relief Scheme being extended?
The Energy Bill Relief Scheme (EBRS) is a government scheme that supports organisations with rising energy bills. The scheme aims to help firms struggling with their energy costs and encourage economic growth. There was much concern about whether this scheme would continue beyond its current date of 31 March 2023. But the government have recently announced that the Energy Bill Relief Scheme is not being extended – it will be replaced with a new Energy Bills Discount Scheme. Here we look at the history of EBRS and the transition to the latest discount scheme. What is the Energy Bill Relief Scheme? The EBRS was first published in September 2022 – a chaotic month of political change. The global impact of the war in Ukraine on wholesale gas prices had added to the [...]
The future of business energy
The business energy and broader energy markets have seen the most volatile period in recent memory. The impacts of the post-Covid economic recovery and political hostilities worldwide have made natural gas prices grow by an unprecedented amount. This has a direct effect on the cost of wholesale electricity prices due to the reliance on gas for our power system. More and more businesses across the country are struggling with the impact of rising wholesale energy costs. A recent report commissioned by nPower showed that 80% of companies have energy as a board-level concern, which is now their top concern. So, what does the future hold for business energy? A recap on the business energy market in 2022 At the end of 2021, the government’s focus on energy was its goal of reducing carbon [...]
