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LATEST MARKET UPDATE: Gas and Power prices are largely trading at parity with last week’s levels, despite some significant price swings at the front of the pricing curve. The bout of low pressure has seen reduced wind output, increasing demand for gas-fired power generation and stretching a European gas system which is struggling to attract global LNG. Winter prices have also been volatile with concerns over gas storage levels being partially offset by positive supply news surrounding the potential completion of the Nordstream 2 gas pipeline. Prices further out have been softer, as renewed coronavirus fears in the wake of the delta variant have weigh on global oil markets.

ESOS Phase 3: Make sure you're ahead

We are now over halfway to ESOS Phase 3 deadline. The deadline for Phase 3 is 2023, which may seem far away now, but it is easy for this to slip through the cracks and become a forgotten task, leaving you to scramble to complete the report as the deadline fast approaches. Taking a proactive approach to your ESOS report will help you avoid penalties and reap the benefits of energy efficiency and operational changes sooner.

We have identified five steps to follow to ensure you are on track to submit your ESOS report on time.

Step 1: Make sure you have a lead assessor: Your ESOS reporting cannot be completed without being overseen by a Lead Assessor. They are trained individuals who have the authority to pass your ESOS. They can be employees or external contractors, as long as they are a member of an approved professional body register, the companies that are classed as as such can be found hereBased on the last phases, lead assessors get taken quickly, so we recommend finding your organisation’s one immediately. By leaving this to the last minute, you are at risk of not submitting on time and receiving a fixed penalty of up to £50,000. Something your business definitely wants to avoid; if there ever was an incentive to complete your ESOS, make it this! We have a wide selection of ESOS accredited lead assessors who can support a range of sectors and disciplines and offer UK wide coverage.

Step 2: Measure your total energy consumption: You need to measure your total energy consumption, including business travel and industrial processes. Measuring your consumption is key when completing ESOS as you need to ensure you have data backed reasoning when implementing energy efficiency projects for any chance of this reduction. By measuring your consumption, you will be able to demonstrate the success of these energy efficiency projects as your consumption reduces. 

As part of eEnergy PLC, we have access to MY ZeERO. MY ZeERO can transform your understanding of your energy consumption and create a portfolio of smart and efficient buildings to identify energy efficiency opportunities and then create a data backed plan that will reduce your consumption.

Step 3: Audit areas for significant energy consumption: When reporting, you are allowed to leave out 10% of your consumption by categorising it as ‘de minimis’ (too minor to consider), but you must audit the rest of your consumption, it has to meet this criteria to be classed as compliant. When determining what to class as ‘de minimis’ it would be beneficial to look at your lowest areas of consumption and class them, so that when it comes to the remaining 90%, this can demonstrate great reduction. For example, if travel emissions are your smallest carbon emitter, include this in your ‘de minimis’.

Step 4: Identify ways to improve through energy efficiency projects: Now that you understand your energy consumption, you can create a plan that is guaranteed to bring down your consumption. Not all energy efficiency methods have to cost money; simple things such as behavioural changes and maintenance checks can really make a difference in your consumption.

Carrying out an energy audit is also a free step towards eliminating energy waste and making your business more energy efficiency.By carrying out an energy audit you can identify your highest areas of consumption and identify a plan to help reduce this. At Utility Team, we can carry out energy auditing for your business by assessing your day-to-day consumption and look at the main energy-using systems to identify reduction opportunities, so you can focus on other tasks

Step 5: Notify the environment agency: You will need to let the environment agency know you have completed your energy audit for your ESOS compliance so it can begin to be reviewed, so your business can begin receiving the financial benefits, such as finding opportunitities to reduce your organisations consumption, resulting in lower energy bills.  To submit your ESOS, you can follow this link which leads you to the online site where you can notify the agency.

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How can Utility Team help?
Working with an expert to ensure your compliance is done correctly is just as important as carrying it out. ESOS offers your business an opportunity to create long-term energy, cost, and carbon savings ahead of the deadline, but by using us as your energy consultancy, we will go beyond the compliance and take action on your targets for carbon reduction. 

Once your ESOS is complete, we don’t stop there. We will continue to support your business energy by constantly monitoring your consumption to develop more ways to bring this down. To find out how we can help, please speak to one of our advisors on 02476 997901 or email enquries@utilityteam.co.uk

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