CRC Scheme Ends
The existing CRC scheme ends on 31st March 2019
31st Mar 2019 The Government has recently published their response to a consultation on the introduction of a new reporting framework, due to come into effect from 1st April 2019 and which is called “Streamlined Energy & Carbon Reporting” (SECR).
This page provides essential information and aims to remove any confusion that is likely to exist in the early stages as the full details of this legislation are being finalised.
Find out if you qualify for SECR, with the SECR Qualification Tool:
SECR Qualification Checker Tool
UK Quoted Company (MGHG)
OR
UK listed company with two of the below:
The information above is subject to change since a final SECR Guidance document is expected to be published by the UK government in January 2019.
The existing CRC scheme ends on 31st March 2019
31st Mar 2019SECR is due to commence from 1st April 2019 and will apply to all Large Undertakings.
1st Apr 2019CRC reporting for the 2018/19 year due by 31st July 2019
31st Jul 2019Actual reporting will be required following your organisation's first full financial year commencing on or after 1 April 2019. This means your first SECR report will only be due on or after 1st April 2020.
*At the earliest depending on when your financial year runs.
1st Apr 2020Organisations will need to include electricity, gas and transport energy and carbon emissions information in their annual company/directors reports.
A narrative will be required within the annual report to provide an overview on energy efficiency measures that have been undertaken during the previous financial year.
An energy intensity metric will also need to be included. These reporting requirements make it essential for organisations to have accurate and timely energy/ emissions data.
No financial payment based on emissions is planned, unlike CRC.
SECR does not replace ESOS; it complements it.
The latest response from BEIS to us includes the following changes to SECR policy:
Unsure whether you need to comply with SECR? Use our online SECR qualification checker tool to check.
Energy & Carbon Management. All Rights Reserved