Energy prices & policy

Companies have enough to think about right now without worrying about fulfilling the new Streamlined Energy and Carbon Reporting (SECR) obligation.

Thankfully, the government agrees – and is granting a three-month extension to filing deadlines for any business impacted by the Covid-19 (coronavirus) crisis.

According to the Department for Business, Energy and Industrial Strategy (BEIS): “…businesses are able to apply for an additional three months to file accounts with Companies House to help them avoid penalties as they deal with the impact of Covid-19. Any agreed extension would also apply to SECR disclosures as part of annual accounts filing obligations.”

First reporting date now pushed back to 1 July

While the SECR obligation officially started on 1 April 2019, companies do not have to report anything until the end of their first complete financial year following this date. So 1 April 2020 would have been the earliest deadline.

For any company successfully applying for an extension (visit https://www.gov.uk/guidance/apply-for-more-time-to-file-your-companys-accounts for guidance), this will now be pushed back to 1 July 2020.

At npower Business Solutions (nBS), we’ve been offering guidance and support to many of our customers to help them fulfil their SECR obligations, especially those who currently lack the resources to do so in-house.

SECR impacting 7,000 more companies than CRC

This is often the case for the 7,000 or so companies that are encountering this kind of mandatory scheme for the first time, as SECR applies to many more firms than the Carbon Reduction Commitment Energy Efficiency Scheme (CRC), which ended on 31 March 2019.

In our Energy Management Toolkit, there is a free SECR guide to download.

Free guide: Getting to Grips with SECR

Our guide includes:

  • Details of all the information you need to include for SECR reporting

  • Four ways to make the most of SECR

  • How to drill down for detailed data

  • Getting clear on your Energy Performance Indicators (EnPIs)

  • Why your energy efficiency narrative shouldn’t be an afterthought

  • Getting SECR compliant in six steps

We can also provide hands-on practical help if you need more support via our flexible SECR offering. See here for more on this.

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