Foray Motor Group
Large businesses are now required to report on all electricity, gas and transport fuel. SECR effectively replaces the CRC Energy Efficiency Scheme but there is no requirement to purchase carbon allowances under SECR.
Any UK company which satisfies two of the following criteria:
Electricity, gas and transport fuel. There is a mandatory intensity metric to demonstrate year on year performance. You will also need to declare any activities related to energy efficiency.
Reporting must be filed in your annual Director’s Report as a part of your disclosure obligations.
Given the complexity of reporting and measuring efficiency, a cost will be provided once we have collated all electricity, gas and transport fuel data.
It will apply to any financial year beginning on or after 1st April 2019. In other words, if your next filed accounts are due on 1st September 2019, your first SECR will be due on 1st September 2020.
Very few, these are:
We ensured compliance for over 40 large companies under ESOS (SECR effectively replaces ESOS), so are well placed to assist any business with compliance. If you would like to check whether your business will be required to comply, please get in touch. We would be happy to offer an opinion.