ESOS report: Funding a significant barrier to uptake of energy efficiency recommendations
A recent report on the Government’s Energy Savings Opportunity Scheme (ESOS) has found that over 40% of complier organisations see lack of funding as a barrier to uptake of the energy efficiency measures recommended to them through ESOS.
Posted on 17 October 2017.
The 66-page ‘Interim process and early impact evaluation report’, issued by the Department for Business Energy and Industrial Strategy (BEIS), sets out to answer a number of key questions about ESOS and reports the findings of over 900 interviews with participating organisations.
Whilst the ESOS Impact Assessment estimated a benefit from energy savings of around £2.2bn, an analysis by DECC estimates that ESOS will actually reduce energy consumption by 3TWh each year, with businesses saving over £250m on their energy bills. This amount is a drop in the ocean compared to the estimated £2.2 bn total savings identified and could obviously be massively increased if businesses were able to progress a greater number of improvement projects.
The good news is that funding need not be a barrier to implementation. A unique new energy efficiency funding service has been launched by energy specialists JRP Solutions, in partnership with ethical investment company, Elegen, that will clear the way for organisations to deliver a multitude of energy savings that otherwise would not be achieved.
“This recent report reflects our experience that the greatest barriers to implementing energy saving measures are lack of resources, funding and expertise,” comments Jes Rutter, Managing Director, JRP Solutions. “This new service overcomes all these barriers by providing all the resources needed to deliver an energy saving project or programme – with no upfront costs and with all costs paid from the energy savings achieved!”
The service is unique as there are no risks at all for the client and the savings are guaranteed. There is no upper or lower limit to the project value and the funding isn’t centred around fixed assets. Funding can be used for any energy saving initiative, from training to capital projects no matter how large or small. And finally, there is nothing to pay until the savings have been proved. The energy saved pays for all resources needed to deliver the agreed plan – development knowledge, expertise, implementation, management, tools and equipment. All further savings are shared.
On-going monitoring and service of the projects delivered ensures that energy savings are sustained and where possible further improvements are made.
“We believe this funding service is a real game-changer for energy efficiency,” concludes Jes.
If you would like more information about how this funding service could help you, please call 0800 6127 567 or email email@example.com.