SustainSuccess participated in the government consultation on on the future of streamlined energy and carbon reporting (SECR). The government’s response was published on 18th July. This is our summary:
The new reporting regime follows the abolition of the Carbon Reduction Commitment (CRC) at the end of the second phase (31st March 2019 – although Annual Reports will still need to be submitted and allowances paid, so the administrative requirements will continue for a few months).
The £700m income that the CRC provided to the government will be replaced through significant increases in the Climate Change Levy (CCL), which are set to rise from 0.583 p/kWh to 0.847 p/kWh for Electricity and 0.203 p/kWh to 0.399 p/kWh for Natural Gas supplies (45% and 67% respectively, note that CCL other fuels such as LPG will also increase, see this link).
The consultation response (available here) has answered a number of important questions about the new reporting regime. However a number of key issues remain unclear, as set out below.