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Why should Contracts for Difference matter to UK businesses?
Understanding Contracts for Difference (CfD) is becoming increasingly important for businesses as...
Mandatory reporting and audit obligations
The range of obligations we can support include:
Streamlined Energy and Carbon Reporting (SECR)
Introduced in April 2019, SECR impacts many more businesses than previous schemes. You must comply if your business meets two out of three of the following criteria:
- 250+ employees
- An annual turnover greater than £36 million
- An annual balance sheet total greater than £18 million.
Energy Savings Opportunity Scheme (ESOS)
Organisations with 250+ employees, or with an annual turnover in excess of £44 million, and an annual balance sheet total in excess of £38 million, are required to conduct and submit energy audits to identify energy and carbon-saving opportunities every four years.
Energy Performance Certificates (EPCs)
You will need an EPC if you rent out or sell premises, finish constructing a building, or make changes to the number of parts used for separate occupations that involve providing or extending fixed heating, air conditioning, or mechanical ventilation systems.
Display Energy Certificates (DECs)
All public buildings with a total ‘useful’ floor area of 250+ m² are obliged to have a DEC, reporting energy usage and an A-G rating, plus an advisory report.
Air conditioning inspections (TM44s)
Building owners or managers are legally required to have regular inspections of air conditioning units with 12kW+ capacity. This needs to include a report, highlighting areas for operational improvements.
Best practice accreditation
Securing an international standard in energy or environmental management can bring many benefits for your business, including cost savings, enhanced reputation, supporting continual improvement and even exemption from certain mandatory obligations. Our team can help your business qualify for the following best practice accreditations:
- ISO 50001 is an internationally recognised standard that specifies how businesses should establish, implement, maintain and improve an energy management system. It is an ideal way to embed best practice into your business on an enduring basis. ISO 50001 will also provide exemption from ESOS compliance
- ISO 14001 is another internationally recognised standard that supports effective environmental management by providing a specific framework. ISO 14001 helps businesses drive down costs through a broad focus on environmental factors such as supply chain design and resource efficiency
To find out how we can help, please get in touch.
Energy tax exemptions
If your business utilises energy from a low-carbon source – such as on-site wind, solar, biomass or combined heat and power (CHP) plant – you could qualify for exemption from the Climate Change Levy (CCL). This tax is added to the energy invoices of any commercial business using 1,000 kWh+ per month of metered or un-metered electricity and 4,397 kWh+ per month of piped gas or above.
Expert compliance support
Our team of specialists can support your business to:
- Meet requirements, avoiding penalties for late submissions and incorrect filing
- Save time and hassle, by extracting and collating complex information on your behalf
- Clarify requirements and streamline compliance processes
- Maximise potential opportunities
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