CRC Energy Efficiency Scheme

What is it?

The CRC Energy Efficiency Scheme is a UK Government initiative designed to reduce the emissions from UK companies who are currently excluded from the EU emissions trading scheme.

Qualifying organisations will have to purchase allowances in April 2011 to cover their emissions, set initially at £12/tonne CO2 with all payments recycled by October 2011 to participating organisations according to their place in a performance league table.

Companies at the bottom of the emission reduction league table will be charged 10% of the allowances they have purchased rising to 50% in year 5 of the scheme with the charges recycled to top performing companies.

What will companies have to do?

In order to be compliant with the scheme there are a number of steps companies will have to take:

1. Collect and verify energy usage figures

2. Submit registration information

3. Monitor energy usage from April 2010

4. Purchase appropriate allowances in April 2011

5. Submit evidence pack to verify emissions

There are significant penalties for non compliance with £5,000 + £500 per day for failing to register and £40 per tonne for emissions incorrectly reported.

How can Carbon Statement help?

Companies responding directly to the scheme will have to manage the administrative, technical, legal and financial burden of compliance with the scheme. Carbon Statements’ team of experts can help in any of all of the following areas:

1. Measurement

+ Initial assessment of energy usage

+ Define qualification or exemption from scheme

2. Registration

+ Production and submission of documentation

3. Reporting

+ Ongoing online reporting of energy usage

+ Production and submission of evidence pack

4. Reduction activities

+ Identify areas for emission reduction

5. Allowance purchasing

+ Advise on amount of allowances to purchase

6. Verification

+ Verify emissions reported

+ Support through any audit process

By working with Carbon Statement you will able to relieve the burden of compliance, maximise your position in the league table and avoid the significant costs of inaccurate reporting.

Contact us now on 020 7298 6181 to understand your liabilities and opportunities under the CRC or to download further information click here (PDF)