Energy Performance Guarantee Scheme from Eon and Self Energy
A new scheme has been launched by Eon in conjunction with self energy to allow business owners to invest into green technologies without the upfront investment required.
If you want to invest into new renewable energy sources such as solar panels or small wind turbines but thought the costs were too high or you just haven’t got the funds right now then the new energy performance guarantee scheme from Eon and self energy may be just what you are looking for.
What is the Energy Performance Guarantee Scheme ?
Previously announced last year as part of Eon’s sustainable energy solutions division was a scheme that’s approved by BEEP (buildings energy efficiency programme) that would deliver energy efficient projects to the public sector.
Now the private sector can take part in this win win investment programme and for any business it really is a no risk decision.
How it works
Under the guidance of this partnership high energy users deploy energy efficiency measure whatever they may be and Eon pay all the upfront costs. The business only pays back the investment from the savings made through the energy efficiency measures installed over a fixed contract period. And if no savings are made then Eon pick up all the costs.
From next month the new energy efficiency scheme (CRC) comes into force whereby users of electricity with half hourly metering will need to monitor their CO2 emissions and purchase carbon allowances to “repay” the amount of CO2 their organisation generates. And this scheme is not only limited to those businesses that fall under the new regulations so it’s a good idea to have a look into this scheme if you emit large amounts of CO2 or simply want to reduce the amount of “brown” energy your business uses.
Contract Lengths
Of course Eon want to see this money repaid and the contract lengths will need to be negotiated and they have stated that some of the most ambitious projects could see contracts lasting up to 25 years although these will be the exceptions.
Steps to Getting the Performance Guarantee Scheme
Initially you will have energy analysis undertaken on your business to review your premises and facilities to identify where potential cost savings could come from and all opportunities to reduce consumption. In many cases there will be actionable steps you can take from this to reduce your consumption without any investment at all. So the analysis section is a “must have” and worth while exercise.
Next is a detailed analysis of where the energy is being used in a business to get an agreement on the plan for an optimum route to achieve consumption reductions and savings.
Once the strategies for reduction have been agreed a project management team will finalise your contract and commence the installation of any monitoring technologies required and then start to implement the strategies for cost reduction.
The final phase is the guarantee element whereby the monitoring systems will show where the savings are being made from the initiatives implemented.
You’ll also hopefully have a small (or large) cultural change from the methods outlined above so that in general changes in behaviour are developed. More information can be found with self energy or Eon’s sustainable energy website.
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