Energy Performance Certification (EU)
Across Europe, governments are responding to the complexities of the EU’s Energy Performance in Buildings Directive.
In Sweden we have advised the government on implementation plans. From the UK, we have developed one of the industry’s largest teams of energy auditors and qualified assessors to manage and report on large property portfolios for leading property investors and funds.
From a UK context the impact of the legislation is most keenly felt through an ‘Energy Performance Certificate’ (EPC).
Vendors and / or owners of all commercial properties are required to obtain an EPC on completion of construction / refurbishment works, or at the time of sale, lease or re-lease. Without an EPC transactions will stall. Arguably a property that has no energy rating will also appear unattractive, prompting questions on it’s energy efficiency, especially from tenants who have made commitments to reduce their footprint and seek efficient property.
Our team of assessors at WSP will assess property in terms of the energy efficiency of its fabric and installed systems. They will deliver a certificate rating on its performance. An EPC is renewable every 10 years (or after a building has been modified) and there are fines for non-compliance. At WSP we will also help you determine practical actions to take to improve the performance of your property. We can model your entire portfolio to identify your exposure to inefficient property and assess the relative costs to improve performance and achieve improved yields or more attractive rental income.
The EU’s Directive also requires a Display Energy Certificate (DEC) for all buildings over 1,000 sq m occupied by public authorities or institutions which provide public services, and are frequently visited by the public. These are renewable annually and must be accompanied by an Advisory Report.
In addition buildings with an air conditioning system with an aggregate cooling capacity in excess of 250kW must also have an energy efficiency inspection.