Utilitywise plc New ESOS customers

TIDMUTW

Utilitywise plc

29 October 2015

29 October 2015

Utilitywise plc

("Utilitywise" or the "Group")

New ESOS customers

Utilitywise PLC (AIM:UTW), the leading independent utility cost management consultancy, is pleased to announce that, to date, it has signed up more than 150 new clients to its ESOS ("Energy Savings Opportunity Scheme") compliance service. These clients are new to Utilitywise since the launch of the service, and include well-known brands such as Which?, Zoopla Property Group and DNV GL (Det Norske Veritas Limited). The last two months in particular have seen strong customer on-boarding, with 71 organisations signing up to begin the process.

Utilitywise launched the service last year, to help qualifying businesses comply with the scheme. ESOS is a mandatory energy assessment scheme, originated by the EU, for organisations in the UK that meet the qualification criteria:

   --     More than 250 employees OR 
   --     A turnover of more than GBP38,937,777 AND 
   --     An annual balance sheet total of more than GBP33,486,489 

Qualifying organisations must carry out ESOS assessments every four years. These assessments are audits of the energy used by their buildings, industrial processes and transport, to identify cost-effective energy saving measures.

Ashley Guise, Managing Director of Utilitywise's Corporate Division, commented:

"There are nearly 14,000 businesses that should have started on the road to ESOS compliancy by 5(th) December, but by our calculations less than 5% of those eligible have committed to starting the process.

"Utilitywise has recently completed the scheme itself and the provision of this service both broadens the scope of our client base and our service provision, whilst demonstrating our familiarity of the changing regulatory landscape.

"Just as importantly, with the right partner in place, initial compliance activities can be the first investment on the path to energy savings and cost reduction for businesses, through implementation of the energy efficiency measures identified."

More information can be found on the Utilitywise website at:

http://www.utilitywise.com/products-services/compliance-and-accreditations/esos/

Contact details:

 
 Utilitywise plc                     0330 303 0233 
 Geoff Thompson (CEO) 
 Jon Kempster (CFO) 
 
 Redleaf Communications              020 7382 4730 
 Rebecca Sanders-Hewett/ Richard 
  Gotla/ David Ison/ Susie Hudson 
 

About Utilitywise

Utilitywise is a leading independent utility cost management consultancy based in North Tyneside. The Group has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from single site SME's to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise has over 27,000 customers.

Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 29, 2015 03:01 ET (07:01 GMT)