The legislation requires all large enterprises based in the European Union - with at least 250 employees, or annual revenues over €50 million and an annual balance sheet of over €43 million - to comply with the national energy audit obligation, including calculating their total energy consumption and identifying saving opportunities across their estate, every four years.
Fines of up to €1 million
Organisations with multiple operations across Europe must meet the legislative requirements of every Member State they operate in. All 28 countries have their own specific audit requirements, often only available in local language, which makes achieving compliance difficult. DNV GL has previously warned that 45,000 businesses risk fines of up to €1 million, if they fail to comply with Article 8 of the EU EED, by 5th December 2019.
New tool uses uses algorithm
To help companies attain compliance with the EU EDD more easily, DNV GL’s new tool automatically calculates energy balances and energy saving opportunities, using an algorithm to calculate average energy use in case of missing data, and allow for easy benchmarking. Today, energy audits rely on manual reports, often carried out by different auditors across multiple sites, which can have an impact on consistency. Using the new tool, best practices can be identified and shared across multiple sites, maximising the value of the energy audit.
To limit global temperatures rising by well below 2°C as set out in the Paris Agreement, DNV GL recommends that several technology measures like efficient cooling are put in place including increasing global energy efficiency improvements by 3.5% per year within the next decade. To enable this, the process of becoming as energy efficient as possible needs to be made as easy and cost effective as possible. "By switching from manual processes when conducting audits, DNV GL helps companies to improve consistency and reduce time spent on audits to save money. With only 1 month left to meet the EU’s energy audit deadline, it’s vital that companies act now to avoid fines and non-compliance. Our new tool takes our extensive expertise and deep knowledge of the regulatory variations for all 28 Member States and combines this with our proprietary algorithm to make life easier for our customers,” commented Prajeev Rasiah, Executive Vice President North Europe, Middle East & Africa at DNV GL. (HCN)
