Chemicals company identifies over £1.9m savings through ESOS
Last updated: 15th November 2018
At a time when energy and compliance managers in large organisations are preparing for ESOS Phase 2, possibly without much enthusiasm, it is worth remembering what it’s really all about.
The objective of ESOS, and indeed all other energy regulation, is to reduce energy consumption and greenhouse gas emissions. Anything that can be done to deliver reductions is beneficial to both businesses and the environment, regardless of the regulations. But did ESOS phase 1 achieve this objective? Well, a game of two halves, as they say.
An analysis by DECC estimates that the first phase of ESOS will actually reduce energy consumption by 3TWh each year, with businesses saving over £250m on their energy bills. Whilst this is not to be sneezed at, this amount is a drop in the ocean compared to the estimated £2.2bn total savings identified and could obviously be massively increased if businesses progressed a greater number of improvement projects.
Those companies that committed to implementing the opportunities identified will obviously benefit the most. JRP Solutions worked with one such company, a speciality chemicals and sustainable technologies company, and identified over £1.9m savings. The cost of implementing these projects was predicted to be £1.5m, with an average payback of 0.8 years.
This saving goes straight onto the bottom line and it’s difficult to see what improvements could be made in procurement, manufacturing methods or any other working practice to achieve a similar level of savings.
We are working with this client to implement key improvement opportunities and to help in the delivery of their 2025 Sustainable Business Plan.
There are very good financial and environmental reasons for organisations to really commit to ESOS Phase 2 and to make sure that it is not just a box ticking exercise.
If you would like more information about any of the above please don’t hesitate to contact email@example.com or call 0800 6127 567.
N.B. The information contained in this entry is provided by the above supplier, and does not necessarily reflect the views and opinions of the publisher
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