LGE’s compliance expertise includes multiple areas which ensure that clients comply with all relevant schemes and reporting guidelines they must comply with. These include:
Energy Savings Opportunities Scheme (ESOS)
ESOS is a mandatory energy audit scheme that states all large enterprises (non-SMEs) must carry out regular energy audits to promote the update of cost-effective energy efficiency measures. All UK businesses that are “large undertakings” must take part in ESOS or face penalties. A business is a large undertaking if the business:
- Employs more than 250 delegates
- Has less than 250 employees but a turnover of more than £44m and a balance sheet in excess of £38m
- Is part of a larger corporate group
There are many complexities within the scheme, but LGE can take care of the entire process of your behalf to ensure a stress-free submission. This includes energy audits, data analysis, site surveys, energy reduction recommendations, action plans, reporting and a post-reporting presentation. Click here for a more detailed look at LGE’s ESOS services.
Streamlined Energy & Carbon Reporting
SECR came into force on 1st April 2019. It is mandatory for all large quoted and unquoted businesses, including LLPs, to report on their energy and greenhouse gas emissions, energy efficiency opportunities/actions and intensity ratio in the director’s or Energy & Carbon Report. You will be affected if you meet two or more of the following criteria:
- Over 250 employees
- Annual turnover greater than £36 million
- Annual balance sheet greater than £18 million
LGE can advise and provide full SECR data process and reporting services. Click here to understand more about LGE’s SECR services.
Climate Change Agreement (CCA) Management
The CCA scheme is a voluntary agreement that contain targets for certain industry sectors to increase energy efficiency or reduce CO2 emissions.
If you hold a CCA, you’re eligible to claim a discount to the Climate Change Levy (CCL) charged on your energy bills — 92% on electricity, 86% on gas.
LGE can assist with every part of the CCA process, from the initial application and benchmarking, to carrying out energy audits and putting a reduction plan in place. From there we can monitor and report the CCA’s progress with energy reviews and review surveys, to ensure you’re receiving the bill reductions you are entitled to. Click here to understand more about LGE’s CCA services.
Energy Intensive Industry Compensation (EIIC) Scheme
As part of the government’s efforts to ensure the competitiveness of the UK’s largest energy consuming industries against parallel industries in other nations, the UK government has introduced compensation for the impact that increasing energy costs can have on their productivity, particularly the impact of costs from renewable policies, such as non-commodity costs like Renewable Obligations (RO), Feed-In-Tariffs (FITs) and Contracts for Difference (CfD).
Compensation is now available of up to 100% RO, FITS and CfD charges, alongside this up to 100% may be possible on the Capacity Marker Supplier Charge (CMSC). 60% of network charges (Balancing Services Use of System, Transmission Network Use of System & Distribution Network Use of System) are also now covered under the British Industry Supercharger scheme.
Those eligible and classed as an Energy Intensive Industry (EII) must have a relevant 4-digit NACE code (similar to a SIC code) and pass the 20% electricity intensity test. LG Energy provide a comprehensive service which evaluates eligibility and completes submissions on behalf of clients to ensure that they benefit from the relevant compensation. Click here to understand more about LGE’s EIIC services.
Taskforce on Climate Related Financial Disclosures (TCFD)
TCFD was created to provide a framework to help showcase how businesses and financial institutions are engaging with, aware of and accountable for their climate risks. Several aspects of TCFD are now part of UK law. Businesses who must comply include:
- Companies who produce a non-financial information statement
- Companies on the Alternative Investment Market of the London Stock Exchange with over 500 employees
- UK companies in neither of the above but do have more than 500 employees and a turnover of £500million or more (including limited-liability partnerships)
LGE aids by helping clients report on the four main areas of the disclosures, which include:
- Governance
- Strategy
- Risk Management
- Metrics/Targets
Successful compliance allows businesses to demonstrate critical engagement with the climate and protect against financial losses from climate catastrophes.
Further Compliance Services
LGE also has experience in offering compliance services for the following schemes:
- UK/EU Emissions Trading Schemes
- Carbon Border Adjustment Mechanism (CBAM)
- Energy Performance in Buildings Directive (EPC/DEC)
- Min-Met Relief
Whatever your compliance needs, LGE has the expertise to help you make it a stressless process. Contact your account manager today or email us at info@lgegroup.com.