SECR

Preparing for change

SECR Landing Page Request

  • Find out if you meet the qualifying criteria

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11,900

organisations across the UK will need to comply

Simply fill in the form below to receive your free SECR guide

SECR Guide Download

  • This field is for validation purposes and should be left unchanged.

By submitting this form you agree for us to hold the data you have entered on our database. Your information may be used to keep you informed of the products and services of Inspired Energy plc. Your data will never be passed on to third parties without your permission.

STREAMLINED ENERGY AND CARBON REPORTING

SECR will be the new instrument for organisations to collect, measure and report on their carbon emissions. It is scheduled to replace the CRC Energy Efficiency Scheme (CRC) and comes into force from the 1st April 2019.

The Department of Business, Energy and Industrial Strategy (BEIS) recognised that the range of energy efficiency policies can create complexity and add administrative burdens to those that qualify. In 2016, the UK government announced reforms to improve the tax and reporting regime.

SECR will replace the CRC and is being promoted as a less complicated reporting framework based on existing mandatory requirements for reporting Greenhouse Gas emissions.

More information

Large, unquoted companies and LLPs are the target of the Government’s proposals. The changes will see over 7,900 companies now being required to report on their carbon emissions for the first time.

More information

Revenue generated from the sale of allowances in the CRC scheme (set to be abolished in March 2019) will continue via an increase in the Climate Change Levy (CCL) rate, a non-commodity charge found in utility bills.

 

SECR FRAMEWORK OBJECTIVES

Reduce the overall administrative burden on participants

Improve incentives to save energy by improving energy efficiency

Drive behaviour changes by raising awareness of energy efficiency with decision makers

Boost the importance of energy efficiency in relation to organisational reputation

Increase transparency for investors so that companies can be held to account

We anticipate a transitional period which will require organisations who qualify to review and make changes to how they collect data, report and demonstrate energy efficiency changes.

Get in touch today and find out how our compliance team can help your business adapt to change

SECR – WHO WILL NEED TO COMPLY?

SECR will replace the CRC Energy Efficiency Scheme which comes into force from April 2019. It is important to note qualifying criteria is changing.

Qualifying Companies

Who is exempt?

Organisations that aren’t registered as companies, such as some charities and public sector organisations, subject to location. It is also important to note that ‘not-for-profits’ organisations such as Universities or NHS Trusts may be eligible.

UK subsidiaries, who meet the eligibility criteria, but are covered by a parent group’s report (unless the parent group is registered outside the UK).

Companies where it is impractical to collect and publish the reporting data, or (only in exceptional circumstances) where this would prove ‘seriously prejudicial’.

Companies that use less than 40,000 kWh of energy during the reporting year.

Landlord / Tenant Responsibilities

In the case of landlord/tenant relationships, the party responsible for consuming the energy is responsible for reporting it, even if not directly responsible for purchasing the energy.

If you’re not sure whether your organisation will be affected by SECR get in touch on 01772 689 250.

Timings

For a company with a financial year beginning:

Compliant documents for SECR are required to be included in the first set of accounts published following:

For a company with a financial year beginning:

Compliant documents for SECR are required to be included in the first set of accounts published following:

 

Legislative COMPLIANCE

Helping clients to comply with their legislative obligations through energy efficiency initiatives and reporting tools.
Discover more about our Legislative Compliance services here:

Unsure whether you comply with SECR? Click here to find out…

or call our optimisation team on 01772 689 250