SECR is new industry legislation which came into effect in April 2019 to replace the Carbon Reduction Commitment scheme (CRC).
As the name suggests SECR has been introduced to make the process of carbon and energy reporting simpler and bring it to more businesses who are not covered by existing schemes. It will help contribute to the governments Clean Growth strategy by enabling businesses to improve their energy efficiency by 20%, by 2030.
It aims to extend the benefits of carbon and energy reporting to an estimated 11,900 businesses. Far more than were required under the previous CRC scheme. The framework is intended to encourage implementation of more energy efficient measures, supporting organisations in improving productivity and reducing carbon emissions, to deliver both economic and environmental benefits. It puts more emphasis on organisations to take responsibility for how they measure and report on their carbon emissions.
If you are on a half-hourly or pass-through contract and your business has the ability to modify your electricity demand in response to system operator signals, then we can advise you on the best solutions to optimise your electricity usage. Through efficient balancing and identifying opportunities in your consumption patterns, we can help your business mitigate rising energy costs and reduce carbon emissions.
Companies who meet two or more of the following criteria:
If you have any questions or would like to find out more about how SECR may affect your business, whether you were previously required to comply with the CRC scheme or not, get in contact with our compliance experts today for free and impartial advice