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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: local waste


    Sustainable practice – social goals

    By Freccia Benn – (4 min read)

    Sustainability is a big word. We all know the dictionary definition, yet in daily usage, it has taken on a wider meaning. In fact, it can refer to almost any activity or goal likely to benefit the environment. In terms of doing business, sustainability can mean recycling your waste, or reducing vehicle journeys. One aspect that is often overlooked, however, is how business goals can be used to promote social outcomes.

    In 2015, the UN introduced its Sustainable Development Goals – 17 aims for countries, both rich and poor, to promote prosperity while protecting the planet. The ethos was that economic success need not come at a cost to the environment. However, it also went a step further, calling for sustainable business to end poverty. The UN goals include a commitment to work towards a world with no poverty; decent work and economic growth, and reduced inequalities.

    While it may be easy to assume that in the UK, a developed nation and the fifth highest performing economy in the world, we are all well-heeled, in fact, poverty is on the rise. According to the Joseph Rowntree Foundation’s most recent report, UK Poverty 2018, 4.1 million children and four million workers are living in poverty, a rise of 500,000 in the last five years. The UK is clearly not a land of milk and honey for all.

    Recycling enterprises have always been well-placed to drive socially conscious business. At the dawn of recycling in the UK, Friends of the Earth and others spearheaded paper recycling and, for many years, a thriving community sector drove multi-material recycling schemes.

    Today, social businesses such as Greenstream Flooring in Wales continue to challenge preconceptions. Since 2011, Greenstream has saved 500,000 tonnes of used office carpet tiles from landfill or incineration, selling them for business reuse or donating them to low-income families and organisations that would not otherwise be able to afford them. It also provides training and volunteering opportunities to help people back into work.

    The breadth of socially-centred enterprise extends from the Reuse Network’s members, which collect, refurbish, sell and donate goods to low income families and the public, to used wood from the construction centre – sourced through the National Community Wood Recycling Project. Social enterprise businesses such as Manchester’s Emerge provide recycling services, confidential data shredding, and food redistribution through the FareShare programme.

    With a stronger focus on corporate social responsibility, wider business is also reflecting the need for greater social obligations. Reconomy, for example, recently launched its social value programme to build community relationships. In practice, this means ‘breaking barriers’ for ex-offenders and the homeless, and ‘supporting change’ in wider industry. 

    In today’s uncertain climate, it is encouraging to see that social goals still have value in business. In the words of Ellen Petts of Greenstream Flooring, “Basically, we like helping people. We have to earn money to do it, but it all goes into helping people.”

    For further information, please contact:

    Freccia Benn

    Co-Founder

    0203 876 0324

    Share

    Five things every landfill site operator must know

    By Travis Benn – (4 min read)

    There are over 500 landfill sites dotted around the UK, and the majority of them – more than 450 – produce renewable energy through landfill gas capture technology installed on site. Although the site itself will be owned by a waste management firm or local council, the gas capture equipment belongs to an energy company, which leases a part of the site for 20-25 years, generates electricity from the gas, and earns an income from exporting the gas to the National Grid.

    Typically, the landfill operator receives a percentage of the gas income as a royalty payment, in return for allowing the energy company to operate from the site so, in theory, the inclusion of landfill gas equipment on a site is a win-win situation. The energy company gains an income, the site makes a valuable contribution to the country’s renewable energy portfolio, and the landfill owner benefits from a top-up payment. However, calculating royalty payments is a specialist task, which often results in mistakes.

    Unlike a traditional firm of chartered accountants, Accounting for Energy’s auditors have a background in renewable energy. We specialise in recovering lost revenues for operators of landfill and other renewable energy-producing sites and regularly encounter the same types of discrepancies at sites across the country. We have produced a quick guide for operators on the five most commonly overlooked issues with royalty payments.

    1. Equipment updates
    Upgrading or replacing or installing new equipment is common in any business – especially over a period of 20-25 years. However, if the new technology is larger, or more efficient, than the kit in place at the time of the agreement, then it may produce additional income. If this is not declared, the landfill operator may lose out (this would also apply to other types of renewable energy-producing sites).

    2. Historical discrepancies
    Where royalty underpayments have passed under the radar for more than six years, claiming the funds may prove significantly more difficult.

    3. Undisclosed income
    Energy companies do not always disclose all of the income generated – this can happen for a wide variety of reasons, including (but not limited to) situations where the royalty accountant has not received all income data from its operations team, and / or where information has been incorrectly classified. In these cases, the landfill owner will be unaware of the additional sums owed.

    4. Reduced royalty fees
    In some cases, the energy company may sell the energy produced to a sister company which, in turn, sells it to end consumers at full market price. In this case, it will pay out a reduced royalty fee based on the initial – below market value – sales price.

    5. A badly-drafted lease
    The landfill gas lease may have been poorly drafted, allowing the energy company to interpret its royalty payment obligations in a way that is not in accordance with accepted industry standards, and which has negative implications for the landfill operator.

    Where site owners are uncertain of their own arrangements, specialist auditors can help. At Accounting for Energy, for example, we conduct audits on behalf of landfill operators, free of charge. Where a discrepancy is found, outstanding fees are settled, with the energy company typically footing our bill. If payments are up to date and correct, no fee is incurred.

    For further information, please contact:

    Travis Benn

    Co-Founder

    0203 375 6144

    Share

    Year in Review 2018

    By Accounting for Energy – (3 min read)

    As the year draws to a close, we take a look back on some of the blogs we have brought you this year…

    Spotlight On…
    We started the year by showcasing some work we have done with a client who saw a 56 per cent increase in wind farm income following our audit. We also highlighted how as one of the biggest landowners in the country, this client is seeking to ‘green’ their organisation. We have had another great year of helping organisations to get the best deals on their land rent payments and we have more stories like this to share with you in 2019.

    Conwy Borough Council lead the way
    This forward-thinking Welsh council is the embodiment of excellent waste management, as they have bucked the trend with a scheme that increased recycling rates, made big saving and cut residual waste. Conwy’s recycling efforts are definitely a leading example for local authorities.

    Plastics, plastics, plastics
    Plastics has been a buzzword this year with zero waste initiatives growing rapidly on both a micro and macro level. We sought to keep you up to date with all that was happening though articles like our Carrots and Sticks piece where we looked at worldwide incentives to help behavioural change around waste such as the Plastics Pact, as well as legislative efforts such as the ambitious targets set by the Scottish government. With this week’s announcement on the government’s Resources and Waste Strategy, and hopefully more clarity on Brexit, we will continue to keep you informed with developments within the Energy from Waste sector.

    Coverage in Materials Recycling World
    We were interviewed for this popular trade magazine back in the summer. It is the first piece of coverage we have had, and as the UK’s leading independent provider on land rent payments, we plan to build on this in 2019.

    Green Brexit Pledge
    In the early Autumn, it looked like we were making firm progress with our departure from the EU, and this ‘Green Brexit’ pledge felt like a stepping stone towards certainty. In this article guest writer Paul Spackman outlined how the Agriculture Bill, and the Environment Bill which was announced this week as a draft, will help shape the UK’s agriculture and energy sectors after leaving the European Union and Common Agricultural Policy (CAP) on 29 March 2019. However while we now have detail of what the government proposes, such as a new green watchdog with statutory powers after Brexit, we have no more clarity than we did when this article was published on the details of Brexit.

    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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