Spanish companies at risk of €69,000 fines for ignoring ‘secret’ EU energy saving law

HUNDREDS of Spanish companies are at risk of facing €69,000 fines for unwittingly ignoring ‘secret’ EU laws.

Firms have until December 5 to meet the new regulations aimed at saving energy.

But a recent survey has found that awareness of the Energy Savings Opportunity Scheme is ‘worryingly low’ and many of the 16,000 European companies due to be affected are unaware that the scheme even exists.

“This new EU-backed scheme is not to be trifled with as the Environment Agency plans to crack down hard on any companies that try to slip through the net,” said BTG Green survey worker Julie Palmer.

“Feigning ignorance won’t save anyone from significant fines.”

Companies with more than 250 employees or an annual turnover of 50 million must appoint an independent assessor to identify energy savings.