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    What We Do

    At Accounting for Energy, our vision is to build a mutually beneficial, rewarding marketplace
    for landowners who have renewable energy projects on their land.

    That’s why all our services help to increase transparency in this new and largely unregulated
    industry – while equipping and empowering landowners and the other people we help with
    the insights they need to benefit fully from their renewables projects.

     

     

  • Tag Archives: efw


    Landowners and waste management companies make small wins from Budget

    By Travis Benn – (3 min read)

    Philip Hammond’s budget announcement last week could be described as underwhelming and non-eventful, but with the impending uncertainty of Brexit, he is clearly trying to leave himself some space to tackle whatever changes our EU departure will bring next year. There were some positives which will leave landowners with a few extra pennies in their bank, and a new tax that has been well received by waste management companies.

    Tax

    While there were no changes to the rate of tax, Hammond is fulfilling the Conservative manifesto to raise the personal allowance to £12,500 and the higher taxpayers’ threshold to £50,000 (currently £46,351) in April 2019,  which is one year earlier than planned. This is good news for self-employed farmers as their allowance will increase by £650 which is nearly double the increase we saw at the beginning of this tax year, which we outlined here.

    Landowners will also be able to deduct two per cent of the cost of any new non-residential structures and buildings off their profits before tax.

     

    Staffing

    Landowners with small farms who employ apprentices will see some relief as Hammond promises to halve the apprenticeship levy contributions for smaller businesses from 10 per cent to five per cent.

    On the other hand the National Minimum Wage will increase by five per cent to £8.21 (currently £7.83), which has been described as ‘more than the sector expected’ by the NFU.

    Plastic Packaging Tax

    We have written about developments in plastic reform, and targets that have been set by the Circular Economy Package, and under the Plastic Pact managed by WRAP, and it seems the government is listening to the advice. Hammond says that producers of plastics will be taxed if packaging contains less than 30 per cent of recycled plastics.

    This has received a mixed response in the waste management community, but overall it is seen as a step in the right direction, with the Environmental Services Association’s (ESA) Executive Director, Jacob Hayler, saying it is the ‘most effective way’ to ensure the right incentives are in place for recycling, rather than to penalise Energy from Waste.

    On the waste front Hammond also committed to give £10m to dumped waste, and made a commitment to reform the Packaging Producer Responsibility.

    These commitments have been made against the backdrop of ‘austerity coming to an end’,  which is a step in the right direction, but it is caged in ambiguous and cautious tones. Until there is clarity on what sort of Brexit deal we will get, all of this is subject to change, and if for example we are left with a no-deal EU exit, we could be discussing the terms of a completely new budget next spring.

    For further information, please contact:

    Travis Benn

    Co-Founder

    0203 375 6144

    Share

    Renewable energy offers financial opportunities for waste and energy companies

    By Accounting for Energy – (3 min read)

    BEIS figures declared 2017 the greenest year so far, with pre-Christmas figures showing renewable electricity generation up by 5% year-on-year. But what does this mean for investors and operators? And how does the financial case for renewables stack up against traditional fossil fuels?

    In the past, renewables faced two major barriers when it came to investment – appetite, and cost. Many investors were put off by what they perceived to be the uncertainty of renewables projects. Energy storage, and transmission and siting challenges were often listed as problems and, quite simply, backers were more comfortable with the familiarity of fossil fuels. Thankfully, change has come. These days, green finance is not only becoming routine, but research by HSBC shows that 68% of global investors are planning to increase their low carbon investments.

    Capital costs for renewables sometimes seem high. However, the majority of the finance is called for at the build stage and, once up and running, plants are extremely cheap to operate. If costs are assessed over the lifespan of the facility, wind and solar offer one of the most cost-efficient options for energy generation. Add to this the fact that capital costs for hardware such as photovoltaic modules (which dropped by 80% in 10 years) have fallen solidly year on year, and the investment looks much more appealing.

    Where fossil fuel technologies operate within an established array of infrastructure and skill, renewables – which tend to be smaller scale, decentralised operations – are relatively new technologies which also require connecting up to wider infrastructures. A growing army of expertise and rapid advances in equipment are overcoming these challenges and helping to make renewables a viable financial proposition.

    According to a report from the World Economic Forum, solar and wind have already achieved parity with fossil fuels in more than 30 countries. Ten years ago, solar generation cost around $600 per MWh, compared with $100 for coal and natural gas. Today, solar has reduced its costs to $100, with wind at $50 – half the cost of established fossil fuels.

    At some point in the 2020s, newly installed renewable projects are expected to undercut the cost of producing electricity from traditional plants, at which point there is likely to be an even faster swing to clean energy.

    This could be the incentive needed to drive change in the UK which, despite making impressive inroads to carbon reduction, is still falling short of its legally-binding climate change targets.

    To check whether your land rent payments are accurate, get in touch with our specialists auditors today.

    Share

    Energy from waste review – revenues and capacity in 2017

    By Freccia Benn – (2 min read)

    Energy from waste is an important piece in the renewable energy jigsaw, but just how much is the UK producing and, more importantly, what is the value to the UK economy?

    Continue reading

    Share
  • Testimonials

    • “We found your report informative and easy to read, it was good to see how the wind farm is performing
      and we were pleased with the results of the audit”

       

      Mark Charles,

      Exeter

      Share
    • Sara James,

      Durham

      Share
    • Martin Roberts,

      Peterborough

      Share
    • Tracy Maria,

      Cumbria

      Share
    • David Terrence,

      Devon

      Share
    • “In every instance Accounting for Energy have identified and recovered shortfalls in rent for my clients. Not only do the landowners receive back payments but they are also keen to show developers that they are being held to account.”

       

      Chris Thyer MRICS FAAV

      Land Agent, GSC Grays

      Share
    • “We don’t have comparable leases in renewable energy meaning there are few examples to draw from, so it’s always good to have checks and balances in place. We would recommend Accounting for Energy for their diligence.”

       

      Ali Walker

      Property Co-ordinator, Bath and Wells Diocese, Church of England

      Share
    • “The information provided by the turbine owner seemed to be comprehensive. The issue comes with knowing if all the data is complete and the audit was able to identify areas that we should have been receiving royalties on.”

       

      Ben Ardern

      Financial Controller, Dewlay Cheesemakers

      Share
    • “I worked with Travis on a set of arbitral proceedings to recover unpaid royalties on behalf of the landowners of a large renewable energy site. I was very inspired by his passion for his industry and his tireless commitment to getting the best results.”

       

      Sarah Bishop,

      Commercial Disputes Solicitor

      Share
    • “Travis is the go-to person for renewable energy landowner royalty payments. He gets into the details of a case, and is very tenacious in identifying and recovering any monies owed to landowners.”

       

      Grant Jones,

      Chartered accountant, solicitor and practicing arbitrator

      Share
    • “I would recommend Accounting for Energy because they are clearly experts in this area, and they were good to work with. It was an easy
      decision to get them on board because we really didn’t have the expertise or the time to be trawling through the lease and power purchase agreement.”

       

      Nick Kenyon,

      CEO, Dewlay Cheesemakers

      Share
  •  

    Before Accounting for Energy, Freccia was a successful entrepreneur in the healthcare space. When Travis told her about the challenges in the renewables sector, she was convinced that they could use their combined expertise to help landowners.

    Fuelled by her passion for business and making a difference to landowners, Freccia then developed her ideas for Accounting for Energy’s services, strategy and pricing in a way that would best serve their clients.

    She is now responsible for all the business’ operational activities and client services, and her passion for helping landowners in the UK continues to drive her work.

     

     

    “With the threat of climate change to our planet looming, my mission is to develop a business that helps build the infrastructure of the renewable energy market. I also want to make sure those who are invested in it receive fair returns. As this is still a new industry, we are able to help to avoid the pitfalls of other more established industries and by doing so, help the wider green economy.”

     

    Freccia Benn
    Co-Founder

     

    0203 876 0324

     

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  • Our Clients

    Our Clients

    • “We found your report informative and easy to read, it was good to see how the wind farm is performing
      and we were pleased with the results of the audit”

       

      Mark Charles,

      Exeter

    • “Job well done”

       

      Sara James,

      Durham

    • “Early non-payment discovered so very happy with outcome”

       

      Martin Roberts,

      Peterborough

    • “Excellent service. The review has given me peace of mind”

       

      Tracy Maria,

      Cumbria

    • “We found the report very thorough and really interesting and were pleased
      that the payments have been corrected and appreciate your help with this very much”

       

      David Terrence,

      Devon

    • “In every instance Accounting for Energy have identified and recovered shortfalls in rent for my clients. Not only do the landowners receive back payments but they are also keen to show developers that they are being held to account.”

       

      Chris Thyer MRICS FAAV

      Land Agent, GSC Grays

    • “We don’t have comparable leases in renewable energy meaning there are few examples to draw from, so it’s always good to have checks and balances in place. We would recommend Accounting for Energy for their diligence.”

       

      Ali Walker

      Property Co-ordinator, Bath and Wells Diocese, Church of England

    • “The information provided by the turbine owner seemed to be comprehensive. The issue comes with knowing if all the data is complete and the audit was able to identify areas that we should have been receiving royalties on.”

       

      Ben Ardern

      Financial Controller, Dewlay Cheesemakers

    • “I worked with Travis on a set of arbitral proceedings to recover unpaid royalties on behalf of the landowners of a large renewable energy site. I was very inspired by his passion for his industry and his tireless commitment to getting the best results.”

       

      Sarah Bishop,

      Commercial Disputes Solicitor

    • “Travis is the go-to person for renewable energy landowner royalty payments. He gets into the details of a case, and is very tenacious in identifying and recovering any monies owed to landowners.”

       

      Grant Jones,

      Chartered accountant, solicitor and practising arbitrator

    • ““I would recommend Accounting for Energy because they are clearly experts in this area, and they were good to work with. It was an easy
      decision to get them on board because we really didn’t have the expertise or the time to be trawling through the lease and power purchase agreement.”

       

      Nick Kenyon,

      CEO, Dewlay Cheesemakers


  • Testimonial with bg

    • “We found your report informative and easy to read, it was good to see how the wind farm is performing
      and we were pleased with the results of the audit”

       

      Mark Charles,

      Exeter

      Share
    • Sara James,

      Durham

      Share
    • Martin Roberts,

      Peterborough

      Share
    • Tracy Maria,

      Cumbria

      Share
    • David Terrence,

      Devon

      Share
    • “In every instance Accounting for Energy have identified and recovered shortfalls in rent for my clients. Not only do the landowners receive back payments but they are also keen to show developers that they are being held to account.”

       

      Chris Thyer MRICS FAAV

      Land Agent, GSC Grays

      Share
    • “We don’t have comparable leases in renewable energy meaning there are few examples to draw from, so it’s always good to have checks and balances in place. We would recommend Accounting for Energy for their diligence.”

       

      Ali Walker

      Property Co-ordinator, Bath and Wells Diocese, Church of England

      Share
    • “The information provided by the turbine owner seemed to be comprehensive. The issue comes with knowing if all the data is complete and the audit was able to identify areas that we should have been receiving royalties on.”

       

      Ben Ardern

      Financial Controller, Dewlay Cheesemakers

      Share
    • “I worked with Travis on a set of arbitral proceedings to recover unpaid royalties on behalf of the landowners of a large renewable energy site. I was very inspired by his passion for his industry and his tireless commitment to getting the best results.”

       

      Sarah Bishop,

      Commercial Disputes Solicitor

      Share
    • “Travis is the go-to person for renewable energy landowner royalty payments. He gets into the details of a case, and is very tenacious in identifying and recovering any monies owed to landowners.”

       

      Grant Jones,

      Chartered accountant, solicitor and practicing arbitrator

      Share
    • “I would recommend Accounting for Energy because they are clearly experts in this area, and they were good to work with. It was an easy
      decision to get them on board because we really didn’t have the expertise or the time to be trawling through the lease and power purchase agreement.”

       

      Nick Kenyon,

      CEO, Dewlay Cheesemakers

      Share

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