The ‘Who, How and What’ of the new Streamlined Energy and Carbon Reporting Scheme (SECR)
From April of 2019 the current phase of the Carbon Reduction Commitment (CRC) ends and from this date will be replaced by SECR, all large companies will have to comply.
The exact criteria for large businesses who must comply is as follows:
– 250+ Employees
– An Annual Turnover of £36m+
– An Annual Balance Sheet of £18m+
Businesses consuming less than 40,000 kWh per annum will be exempt.
Compliant businesses will be required to report on power, gas, fuel (road, rail, air & shipping) and any generation. Greenhouse gas emissions will remain voluntary.
For companies who already comply with CRC, there will be minimal differences in terms of what is required of them. The primary differences are that energy use and efficiency measures will need to be captured and reported on. Including those implemented as part of Energy Saving Opportunity Scheme (ESOS).
The Climate Change Levy (CCL) will be used to recover the cost of implementing SECR. The new legislative change is expected to impact over 10,000 large businesses in the UK. It is imperative, that businesses that are required to comply, start making the necessary arrangements for
collating data as soon as possible to ensure timely responses from inundated suppliers. Utility Team can help customers comply by extending the use of our dedicated Account Management Team to contact each supplier to gather this essential information on your company portfolio.
For further information about SECR or for advice on how best to comply, please contact one of our dedicated Business Development Managers who would be happy to advise and assist. Call 02476 997901 or email firstname.lastname@example.org.
You can also review the government resources on the new legislation here.
Article written by: James Rant, Business Development Manager