Novo Energy’s senior management team are experienced professionals at ensuring compliance with all UK energy regulation for our clients. Novo Energy have successfully managed several large CRC participants and completed several ESOS engagements. Novo Energy’s legal experts are at the cusp of new developments ensuring our clients are aware of all policy changes and updated Government white papers.
Novo Energy advise on the following regulatory mandatory schemes:
ESOS: Energy Saving Opportunity Scheme: Every 4 years
ESOS is a mandatory scheme, introduced by the government to make sure large enterprises are energy efficient. The scheme is managed by the Environment Agency in England, the Northern Ireland Environment Agency, the Scottish Environment Protection Agency, and Natural Resources Wales. Under the scheme, large companies are required to assess their energy usage every 4 years and to find new ways to save energy.
Your company or organisation must comply with ESOS if:
- You have over 250 members of staff, or
- A turnover of over 50 million Euros (£44.1m) or an annual balance sheet of over 43 million Euros (£37.9m)
- You are an overseas company with over 250 employees in the UK
- Your company is part of a larger organisation, which falls into any of the above
SECR: Streamlined Energy and Carbon Reporting: April 2019
SECR is part of a package of changes announced by the government which aims to reduce the burden of the current suite of reporting requirements while further incentivising energy efficiency and reducing carbon emissions.
SECR will replace CRC with a simpler reporting framework that builds on the existing mandatory reporting of greenhouse gas emissions by UK quoted companies and the Energy Savings Opportunity Scheme (ESOS).
The main disclosures will be published in the director’s reports within the financial statements.
Your company or organisation must comply with SECR if:
- You are a quoted company
- You are a large UK incorporated company or LLP that fulfils at least 2 of the following conditions in the financial year:
- Have at least 250 employees.
- Have an annual turnover greater than £36m.
- Have an annual balance sheet total greater than £18m.
Carbon Reduction Commitment Scheme (CRC)
The CRC Scheme is administered by the Environmental Agency and came into force in 2010. The scheme is an important part of the Government’s efforts to reduce carbon emissions by 80% by 2050. It aims to drive cost effective carbon emission reductions through greater energy efficiency, rather than renewable energy or offsetting. The scheme is aimed at large non-energy intensive organisations such as supermarkets, retail chains, hotel chains, large offices and almost all public sector organisations.
Novo Energy: Management and Compliance
Novo Energy provides a fully outsourced compliance solution. Our administration team will develop and maintain your evidence packs ensuring a fully supported Carbon Footprint and Annual Report is submitted. All third-party empirical evidence will be collected by our team. Novo Energy can also assist if your company has faced any enforcement action or penalties ensuring the correct legislation has been applied and appeal forms are submitted correctly.
Novo Energy: Audits and Evidence Packs
Novo Energy offers free energy audit trials for our clients. This prepares you in case of a CRC audit or ESOS audit where up to 25% of participants are randomly chosen. Our senior management team have undertaken many trial audits for UK businesses and our experience enables us to provide you with a real case scenario of what to expect and how to prepare.