New energy regulations may provide boost to businesses

It is nearing the end of the first month of the new energy disclosure regulations on office buildings and, combined with the latest requirement for reports on all general lighting, businesses appear to be benefiting from favourable legislation.

These initiatives may help SME owners to weigh up exactly where they stand in regards to rates and costs.

Since the beginning of November the Commercial Building Disclosure scheme has called on office building owners to be fully transparent about energy rates and hold a Building Energy Efficiency Certificate (BEEC) if attempting to sell or lease space of more than 2,000 square metres.

The Tenancy Lighting Assessment keeps a record of lighting efficiency and the kind of systems that are installed.

With lighting typically the largest source of power usage in an office, business owners and managers may start to reap the financial rewards of greater disclosure and the ability to make informed decisions about the office space they choose to rent.

In July 2012 the next increase in network prices kicks in and, along with the implementation of the carbon tax, tenants are likely to notice a significant impact on their bottom lines.

Savvy owners may wish to make an electricity comparison between their current rate and those available at the advice of a switching service.

Posted by Charlie Moore