Refund Scheme Launched For SMEs That Undergo Energy Audit

16th April 2018

This scheme enables businesses to benefit from up to €5,000, which in some cases covers all costs related to the energy audit.

The Energy and Water Agency has launched a refund scheme for small and medium-sized enterprises when they undergo an energy audit.

This scheme enables businesses to benefit from up to €5,000, which in some cases covers all costs related to the energy audit. Businesses with energy consumption exceeding 75,000kWh are eligible to participate in this scheme; this includes restaurants, hotels and factories, amongst others.

The scheme is open until the end of next year or until the funds are exhausted.

During a press conference, Minister for Energy and Water Management Joe Mizzi, explained that such energy audits made businesses aware of their energy consumption and gave recommendations to reduce it.

Such recommendations do not necessarily require further investment, but in some cases, there might be the need for minor adjustments in existing operations or simply more attention, Mr Mizzi said.

Mr Mizzi said that through these audits, the country would continue to move forward on the right track to reach its 2020 energy efficiency targets.

During the press conference, Malta Business Bureau (MBB) CEO Joe Tanti said that seeing such schemes take off and the industries start reaping benefits, the MBB is further encouraged to continue in its endeavours.

MBB was part of the consultation process, together with the Energy and Water Agency.