Our consultants will review your EPC portfolio and the status of your tenancies. We will guide you through the most appropriate route to compliance and ensure any sites which fall within PRS exemptions are reported to the BEIS register.
We will then assess your level of risk and provide a detailed roadmap of improvements to ensure you achieve compliance and mitigate obsolescence risk – assisting you in delivering these improvements too, should you require.
The Minimum Energy Efficiency Standards regulations pose significant risks of obsolescence and building devaluation – our work mitigates this risk and protects building and asset value.
The Minimum Energy Efficiency Standards (‘MEES’) was introduced in March 2015 under the Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015, to specifically tackle energy inefficiency in the UK’s poorest performing building stock.
The wider aim is to contribute towards the UK’s longer-term national carbon reduction targets – through a restriction on the granting and continuation of tenancies where the property has an Energy Performance Certificate Rating of F or G.
The risks to properties with EPC ratings that are below the MEES threshold, which tighten over time, include:
- Significantly reduced ability to market some properties unless they are upgraded
- The valuation of impacted properties will be affected – which will also have implications for secured lending
- Rent reviews on F and G EPC-rated properties will be affected
- There may also be implications for dilapidations assessments
The difference between achieving one EPC rating and the next can be influenced by a number of factors which are often marginal. Our team of Chartered Engineers, Chartered Energy Engineers, Chartered Energy Managers, ISO 50001 Lead Auditors and ESOS Lead Assessors will guide you through the requirements of MEES and provide you with the necessary insight and assistance to address any risks for your portfolio.