According to the government, mandatory reporting of energy use and carbon emissions for businesses “is important in driving uptake of low carbon and energy efficiency measures, particularly at Board level.”
Yet the UK’s current energy and carbon reporting requirements – the Climate Change Levy (CCL), Climate Change Agreements (CCAs), CRC energy efficiency scheme, Energy Savings Opportunity Scheme (ESOS), Mandatory Greenhouse Gas Reporting etc – are seen by many as cumbersome and don’t seem to be encouraging widespread energy savings.
As a result, the government has already announced plans to simplify some of the current schemes – for example, abolishing the CRC at the end of March 2019.
A framework to drive greater energy reduction
It’s also currently consulting on simplifying and amending the energy and carbon reporting framework in order to more successfully drive:
- Reducing bills through action on energy efficiency
- Reducing the administrative burden of compliance
- Raising awareness of energy efficiency
- Improving transparency for investors
What’s good to see is that businesses seem positive about these proposed changes, with 87% saying they believe a new framework will drive a nationwide reduction in companies’ energy use, bills and carbon emissions.
Lower costs identified as benefit
The research, carried out by Censuswide on our behalf, also identified the biggest benefit as reduced energy costs – cited by 58% of those surveyed – followed by increased energy efficiency (54%) and reduced red tape and reporting (45%).
Interestingly, 92% of business decision makers also say they intend to participate in the consultation and provide their opinion on the new reporting framework before it closes in January.
£2bn in potential energy savings
It’s the kind of engagement that could see UK businesses coming closer to achieving the £2 billion in energy efficiency savings the government estimates is possible.
For the many businesses we work with, we find savings of 20% are generally achievable – and sometimes more – when implementing a holistic energy management strategy.
Share your views by 4 January
The Streamlined Energy and Carbon Reporting (SECR) Consultation closes on 4 January 2018.
Your views are sought on:
- Who should report – based on size of business or volume of energy used?
- What should be reported – energy, emissions, intensity metric, energy savings opportunities, energy efficiency action taken?
- How should information be reported – in annual reports and electronically to Companies House?
You can find out more and submit your views here, where you’ll also find details of consultation workshops and webinars happening this month.
If you need any further advice or support, or want to discuss implementing an energy efficiency strategy now, we are here to help. Either drop us a line to nBS@npower.com, or talk to your Client Lead if you’re an existing customer.