Monday 1st April 2019 will see the end of the current CRC Energy Efficiency Scheme and the commencement of the new streamlined energy and carbon reporting (SECR) framework. This new framework has been designed to simplify energy and carbon reporting for business and industry in the UK.
What is SECR?
The SECR framework is one of many changes that are occurring as a result of the Clean Growth Strategy which aims to reduce carbon emissions whilst helping the UK economy to grow.
The SECR framework has been built using existing mandatory reports on greenhouse emissions under the Companies Act 2006 and Energy Saving Opportunity Schemes (ESOS) Regulations 2014 to reduce duplication and unnecessary reporting making the process simpler and more aligned for businesses.
The government hopes that this reporting framework will help to encourage energy efficiency measures to be installed or undertaken to help reduce carbon emissions and business costs.
Who is impacted by SECR?
It is estimated that 11,900 companies in the UK will be impacted which is an increase from 4,000 affected by the CRC Energy Efficiency Scheme. These companies are:
- Those defined in the Companies Act 2006 who are required to report mandatory greenhouse emissions
- Large UK registered companies that meet at least two of following criteria – 1) over 250 employees, 2) over £36 million annual turnover, 3) annual balance sheet higher than £18 million
- Large Limited Liability Partnerships (LLPs) already obligated under ESOS Regulations
- Large unregistered companies that operate under Unregistered Companies Regulations 2009
Some exemptions apply to the above list so it is worth checking whether your business meets the criteria and will need to carry out this reporting.
What will you need to report?
Businesses will need to report on their energy use including a breakdown on electricity, gas and transport as well as greenhouse gas emissions. They will also be required to detail any energy efficiency measures or steps that have undertaken in the previous year.
The report timing will be in line with the director’s report or annual report for the financial year and will start on or after 1 April 2019. Electronic reporting is currently voluntary as there is no mandatory requirement for these reports to be submitted.
What can Enerteq do to help?
One of the goals of this reporting is to encourage energy efficiency and carbon reduction, which is where Enerteq can help. We can help you to find ways of reducing your energy consumption through improved energy efficiency which could also reduce your overheads. Contact Enerteq today on 01423 815299 or click the button below and we’ll be happy to offer some advice.