Incentives are now available in the form of “Energy Credits”, under the Energy Efficiency Obligation Scheme (EEOS)
This is for Activities that generate verifiable energy savings such as upgrading to new A Rated Windows, we are registered under this scheme and can pass these saving back to you in the form of discounts off your new Windows.
The Department of Communications Climate Action & Environment is responsible for drafting and implementing policy measures to help Ireland reach a target of a 20% improvement in energy efficiency by 2030. This represents a primary energy saving of 31,925GWh.
Core functions are:
To improve the energy efficiency of the economy – a more energy efficient economy means less reliance on imported fossil fuels used, supports domestic competitiveness and reduces Ireland’s CO2 emissions.
To reduce the number of households experiencing, or at risk of, energy poverty – alleviating the burden of energy poverty on such households will improve health outcomes, support domestic employment and lead to a more equitable society.
The Energy Efficiency Obligation Scheme (EEOS)
The Energy Efficiency Obligation Scheme (EEOS) is being implemented pursuant to the Energy Efficiency Directive 2012, Article 7. The Directive imposes a legal obligation on Member States to achieve new savings each year from 1 January 2014 to 31 December 2020 of 1.5% of the annual energy sales to final customers of all energy distributors and all retail energy sales companies by volume, averaged over the most recent three-year period prior to 1 January 2013. The target is cumulative, which means that it is based on incremental annual savings that deliver a total volume of savings at the end of the obligation period in 2020.
Ireland has chosen to effect the provisions of Article 7(9) of the Directive, opting to combine alternative policy measures and an energy efficiency obligation scheme to meet the national target. Obligated parties under the EEOS are energy distributors and retail energy sales companies that have market sales in Ireland of greater than 600 GWh final sales in any relevant year, regardless of the sector they supply.
Obligated parties’ targets are allocated according to their proportion of energy market sales volume in Ireland. Member States are obliged to put in place measurement, control and verification systems to verify savings by obligated parties. The positions against targets for each year are to be achieved, audited and finalised by 31 March of the following year. The target allocated to obligated parties is 550 GWh PPE, which is sub-sectoralised as 75% non-residential, 20% residential and 5% energy poverty residential. The minimum achievement for the period 2014-2016 is Year 1 60%, Year 2 75% cumulative and Year 3 90% cumulative. From Year 4 onwards, the minimum cumulative achievement will be 95% cumulative.
Obligated parties can choose to achieve energy savings independently or through partnerships with service providers in the market. The scheme permits the exchange of validated savings between obligated parties in certain circumstances. Obligated parties can buyout up to a maximum of 30% of their total cumulative target, whether or not they have achieved their minimum cumulative target. For any portion of the minimum annual target not achieved, exchanged or bought out, a penalty will be imposed. The price of buyout and penalty will be set and published by the Minister and reviewed as appropriate.
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