How we approach compliance
We understand that keeping up to date with the latest legislations can be difficult and not every energy legislation is applicable to every business. Our experts have a comprehensive understanding of current policies and are here to keep you informed, guide you through the legislation and help make the necessary changes for your business to remain compliant and avoid any unnecessary fines for non-compliance.
Here are the key legislations that you need to be aware of:
Energy savings opportunity scheme (ESOS)
Phase III of the Energy Savings Opportunity Scheme is due on 5th December 2023 and there have been some changes to the requirements this time around. At this point we have a good idea of what these changes are likely to be but they have not passed through the Court of Law just yet.
Watch this space for an update on ESOS legislation soon!
Targeted Charging Review (TCR)
TCR is the latest energy regulation introduced by Ofgem which will impact the cost of your electricity quotes. Ofgem have decided that there needs to be a change to the way that the Transmission and Distribution Networks recoup the cost of maintenance and where historically sites could avoid paying for electricity in peak periods, they will now be charged a fixed cost which will be included in forecasting on your electricity quote from April 2022.
Streamlined energy and carbon reporting (SECR)
SECR is one of the many energy-focused initiatives which has followed on from the Paris Climate Agreement and the UK’s initial commitment to reducing carbon emissions by 80% by 2050. As of 1st April 2019 certain businesses are required to disclose energy consumption and greenhouse gas emissions (GHG) as part of their Annual Directors Report.