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The Climate Change Levy (CCL) is an environmental tax charged on the energy that businesses use. A means of encouraging businesses to be more energy efficient in how they operate, the CCL aims to reduce the overall emissions that businesses produce.
In simple terms, the more energy efficient your business is, and the less carbon-emitting energy you use, the less CCL you’ll pay.
You can find more information on the CCL in our Help & Support page here.
Streamlined Energy and Carbon Reporting (SECR) is a piece of legislation that makes it mandatory for large businesses, including charitable organisations, to report their energy and carbon emissions, along with efficiency measures taken throughout the year, on an annual basis.
Read more about SECR here, or visit the UK Government’s full guidance on Environmental Reporting, including SECR here.
Introduced in 2011, REMIT provides a regulatory framework for wholesale energy markets that prohibits market manipulation and insider trading. The regulation makes these offences easily detectable and strengthens the registration and reporting processes of those participating in wholesale energy products.
Should your organisation fall under the scope of the REMIT regulations, then you need to register as a market participant with the relevant national regulator (in the UK, this is Ofgem) and where applicable you’ll also need to report the relevant contractual information.
You can find more information about REMIT in our Help & Support section, or on the Ofgem website.