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ARTICLE · 08 SEPTEMBER 2015

Energy Efficiency Regulations

Matheson
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New compliance requirements introduced by the European Union (Energy Efficiency) Regulations 2014 (the "2014 Regulations") are now beginning to come into focus for companies falling within the remit of the legislation.

IrelandEnergy and Natural Resources
Robert O'Shea
Robert O'Shea
Pat English
Pat English
Gina Conheady
Gina Conheady
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New compliance requirements introduced by the European Union (Energy Efficiency) Regulations 2014 (the "2014 Regulations"), which came into force on 4 December 2014, are now beginning to come into focus for companies falling within the remit of the legislation. The purpose of the 2014 Regulations is to give effect to the EU Energy Efficiency Directive (2012/27/EU) which identifies measures that must be introduced by EU Member States in order for the EU to meet its binding energy efficiency and emissions targets.

The most significant aspect of the 2014 Regulations for companies in Ireland is the establishment of the "energy audit scheme". Any company that has: (i) more than 250 employees; and (ii) an annual turnover exceeding €50 million or an annual balance sheet total exceeding €43 million, is required to carry out energy audits. The first energy audit must be carried out prior to 5 December 2015. The next audit and subsequent audits must take place withinfour years

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