Although the Government has announced its proposal to simplify the CRC scheme, it is essential that all participants continue to comply with the existing scheme, in full, as set out in the current legislation.
The CRC remains a mandatory scheme, and organisations who fail to comply will be subject to enforcement action. Participants should continue to fully comply with the scheme and use the introductory phase to gain experience on reporting, complying and surrendering allowances.
WHAT IS CRC EES
Launched in April 2010, the CRC is aimed at improving energy efficiency and cutting emissions in large public and private sector organisations.
The scheme features an annual performance league table that ranks participants on energy efficiency performance. Together with the reputational considerations, the scheme encourages organisations to develop energy management strategies that promote a better understanding of energy usage.
WHO DOES THE SCHEME APPLY TO?
All energy other than transport fuels will be covered, such as electricity, gas, fuel, oil, but it does not apply to those emissions already covered by another agreement such as the CCL (Climate Change Levy) or EU ETS (EU Emissions Trading System).
Organisations are eligible for CRC if they (and their subsidiaries) have at least one half-hourly electricity meter (HHM) settled on the half-hourly market.
Organisations that consumed more than 6,000 megawatt-hours (MWh) per year of half hourly metered electricity during 2008 qualify for full participation and must register with the Environment Agency, who is the administrator for the scheme.
Organisations that do not meet the 6000MWh threshold will have to make an information disclosure of their half hourly electricity consumption during 2008.
HOW DOES THE SCHEME WORK?
The schemel essentially requires you to calculate your annual energy usage, convert this into CO2 emissions and purchase allowances to cover these projected emissions.
RUMM’S can help you with all of this. Contact us for more information.