|Policy status:||In Force|
|Date Ended:||To be closed in 2018/2019|
|Policy Type:||Regulatory Instruments>Other mandatory requirements, Regulatory Instruments>Monitoring, Economic Instruments>Market-based instruments>GHG emissions trading|
|Agency:||Department of Energy and Climate Change (DECC)|
The CRC Energy Efficiency Scheme (CRC Scheme) is designed to improve energy efficiency and cut emissions in large public and private sector organisations. The CRC affects large public and private sector organisations across the UK, together responsible for around 10% of UK greenhouse gas emissions. Participants include supermarkets, water companies, banks, local authorities and all central government departments. Qualification for the scheme is based on electricity usage. For Phase 2, organisations will qualify if, during the qualification year, they consumed over 6 000 megawatt-hours (MWh) of qualifying electricity through settled half-hourly meters. Organisations that meet the qualification threshold must register using the CRC Registry, which is administered by the Environment Agency. Qualifying organisations have to comply legally with the scheme or face financial and other penalties. Organisations that participate in the CRC are required to monitor their energy use, and report their energy supplies annually. The Environment Agency’s reporting system applies emissions factors to calculate participants’ carbon dioxide (CO2) emissions on the basis of this information. Participants must purchase and surrender allowances to offset their emissions. Allowances can either be bought at annual fixed-price sales, or traded on the secondary market. One allowance must be surrendered for each tonne of CO2 emitted. The allowance price in Phase 1 has been set at GBP 12 per tonne of CO2.
Last modified: Wed, 28 Sep 2016 11:12:51 CEST