CRC Energy Efficiency Scheme
What is the CRC Energy Efficiency Scheme?
The CRC Energy Efficiency Scheme is a mandatory emissions trading scheme administered by the Environment Agency. Organisations that are required to comply with CRC will be expected to purchase an allowance for each tonne of CO2 they emit. Initially the cost will be £12 per tonne CO2 (tCO2). The aim is for CRC to provide a regulatory incentive to improve energy efficiency in large public and private sector organisations.
Will you be affected by CRC?
It is estimated that around 5,000 public and private sector organisations will be required to fully participate in the CRC Energy Efficiency Scheme. Your organisation will be included in CRC if:
- At any point between 1st January 2008 and 31st December 2008 your organisation had at least one half hourly meter (HHM) settled on the half hourly market.
- Your organisations 2008 annual electricity supply through all HHMs was at least 6,000 MWh.
As of April 2010 companies that qualify under CRC will need to register as a participant using the online registry system. Some of the tasks required to comply with CRC include: on-line registration, calculation of annual carbon footprint, maintaining an evidence pack, completing an annual carbon footprint report. Other actions may include taking steps to obtain the Carbon Trust Standard and installing voluntary AMR (Automatic Meter Reading) across the site. WERG can help your organisation understand CRC, its financial and regulatory implications and guide you through the CRC process.
