GDDM is delighted to offer our specialized Regulatory Compliance and Reporting Service designed specifically for energy companies operating in the United Kingdom. Our comprehensive solution ensures full compliance with the UK's Energy Act 16, providing expert guidance and support in navigating the complex regulatory landscape, mitigating risks, and streamlining reporting processes.
Our process’ has been proven with national and multi-national organisations.
Regulatory Gap Analysis: Our team of regulatory experts will conduct a thorough assessment of your company's current compliance status, identifying gaps and areas of concern in relation to data holdings.
Compliance Action Plan: Based on the gap analysis, we will develop a tailored compliance action plan to address identified issues, providing a clear roadmap for achieving and maintaining full compliance with the Energy Act 16.
Policy and Procedure Development: We will assist in the creation and revision of company policies and procedures, ensuring they align with the regulatory requirements.
Compliance Monitoring and ISP Reporting: Acting as your companies ISC, efficiently managing reporting obligations, and demonstrate a proactive approach to regulatory compliance.
Regulatory Updates and Interpretation: We provide ongoing updates on any changes or amendments to the Energy Act 16, as well as expert interpretation of the regulatory requirements to ensure your company remains fully compliant. Attending industry specific meeting’s, as well as representing you to the NSTA.
By partnering with GDDM for your regulatory compliance and reporting needs, your energy company can expect:
Assurance of full compliance!
Reduced risk of non-compliance penalties and reputational damage, these can be up to £1 Million per well.
Streamlined reporting processes and improved operational efficiency.
Enhanced employee awareness and understanding of regulatory obligations.
Proactive management of regulatory changes and updates.
A strong foundation for fostering a culture of compliance within your organization.
Stay ahead of the regulatory curve with GDDM's industry-leading regulatory compliance and reporting Service. Contact us today to learn more about how our customized compliance solutions can help your energy company navigate the complex regulatory landscape with confidence.