21 December 2020: Details of a new project by the Mayor of London looking to drive energy efficiency retrofit in the commercial business sector. “The pilot will work with a Business Improvement District (BID) to recruit 15-20 businesses (including SMEs) with the aim of delivering an overall reduction in energy consumption of at least 30 per cent over 3 years across the participating businesses. The businesses themselves will commit to an upfront 10 per cent target for the pilot year, which we will ask them to update with a more ambitious 2024 target, that is appropriate for their buildings based on the findings of an energy assessment carried out as part of the pilot (expected to be in excess of 30 per cent energy savings). Pilot participants will receive free support from technical experts and high profile recognition for those that meet or exceed their targets.”
This is a much-needed project for London, as policies and programmes to promote energy efficiency in business/commercial buildings are all but absent from national government policy – especially since the closure by the then-Chancellor of the Carbon Reduction Commitment (CRC) scheme (see here for details). It should be mentioned that BEIS have been considering an energy efficiency scheme for small and medium sized businesses for sometime (see here) – with an auction type mechanism currently being considered as the route forward.