All European Union (EU) member states till 2020 had an obligatory target for energy efficiency. One of instruments for countries to achieve national energy efficiency goals is obligation for large companies (LC) and large electricity consumers (LEC) to implement certified energy management system or perform energy audit. In this study the Latvian case study of obligation for LC and LEC where examined. The analysis was carried out using a theory-based policy analysis method combined with evaluation criteria from the EU legislative assessment guidelines The Better Regulation Agenda – efficiency, effectiveness, relevance, coherence, added value, validity, complementarity, coordination, equality, sustainability and acceptability. To evaluate energy efficiency policy measures, it is also important to understand energy efficiency measures that will realistically meet the set company and national targets. AHP and TOPSIS analyzes were performed to evaluate these measures not only from energy efficiency but also from environmental, climate, engineering-technical, economic, and social aspects. The results allow us to assess the fate of existing policies and to draw conclusions on the improvements needed to meet energy efficiency and climate goals in the future.