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Three energy industry compliance changes that you should be aware of

Date May 21st 2020 by in Categories Energy, Ensuring Compliance

Covid-19 has caused much disruption to the business environment as we know it, and this has had an impact on achieving compliance in some regulated areas.

Here’s an update on some of the recent changes to energy legislation that may affect your business:

1. Energy Savings Opportunity Scheme (ESOS)
One of the crucial parts of the assessment process for ESOS compliance is a site visit carried out by a Lead Assessor. Due to social distancing rules, such site visits are rarely possible at present. The Environment Agency have therefore issued the following advice: ‘Where site visits are not currently possible you can continue to complete the ESOS assessment without a site visit where sufficient energy use data and other information for the selected site(s) is available.’ This means that you can continue to complete your ESOS assessment and if required, your site visit can be re-scheduled for a future date.

For help with ESOS compliance contact us today on 03330 433 233 or info@bcrassociates.co.uk.

For more information on ESOS, please refer to our guide

2. Streamlined Energy Carbon Reporting (SECR)
For many businesses, 1st April 2020 will have been the first time that they will have needed to comply with SECR which entails submitting evidence of energy efficiency measures as part of annual business accounts. If your company cannot file accounts with Companies House due to the disruption caused by COVID-19 and you need more time, the Government has granted an additional 3 months to help companies avoid penalties for late filing. N.B. Companies will still need to make an application to request an extension to the deadline. For more information click here. Unfortunately, this does not change the period for which your data needs to be reported on for SECR so it’s worth keeping records up to date so that you have everything ready for your accountant when you do file your accounts.

For advice on SECR compliance contact us today on 03330 433 233 or info@bcrassociates.co.uk.

To check whether or not you are eligible for the legislation, please refer to our guide to SECR.

3. Climate Change Agreement (CCA)
Climate change agreements are voluntary agreements made by UK industry and the Environment Agency to reduce energy use and carbon dioxide (CO2) emissions. In return, operators receive a discount on the Climate Change Levy (CCL), a tax added to electricity and fuel bills. The Climate Change Agreement scheme has been extended by 2 years, now running until 31 March 2023. Whilst not strictly a Covid-19 related amendment, it will give eligible companies extra financial support by guaranteeing access to savings worth up to £300m a year until 2025 which could be welcome in the current economic climate. This extension will also allow new businesses to apply to join and gain vital access to savings as of January 2021.

To find out if you are eligible for this, please refer to the Government website here

For help with any of your energy compliance needs, get in touch on 03330 433 233 or info@bcrassociates.co.uk.


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