In June, the DECC will introduce the Energy Savings Opportunity Scheme (ESOS) - the UK's response to a new energy efficiency directive from the European Union.
The aim is to help to EU meet its target of reducing energy consumption by 20 per cent by 2020. More than 7,000 businesses across the UK will be required for the first time to produce detailed reports on their energy use - or face a possible fine.
Under the ESOS scheme any company with more than 250 employees, a turnover of more than £41.5 million or an annual balance sheet total of more than c. £35 million will now be affected - 10 times as many as before. Exact details, including penalties for non-compliance, will be revealed by DECC in June.
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