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Some firms should start CRC registration inmediately!

Firms with complex or foreign ownership structures should start registration for CRC energy efficiency scheme immediately

Some firms should start CRC registration inmediately!

Firms with complex or foreign ownership structures should start registration for CRC energy efficiency scheme immediately

Published 08-02-10

Submitted by Envido

With the CRC registration deadline on 30 September, organizations are required to register under the CRC energy efficiency scheme as soon as possible, especially if they have complex company structures, or are owned by entities based outside the UK.

The CRC energy efficiency scheme is a mandatory carbon cap-and-trade scheme targeting energy-intensive organisations not covered by the EU emissions trading scheme, such as local authorities, banks, supermarkets and hospitals. Under the legislation, an estimated 20,000 large public and private sector organisations that use half-hourly electricity meters will have to report to the government. Of these, around 5,000 organisations with annual electricity bills of over £500,000 will have to report on their energy use, purchase carbon credits to cover their calculated carbon emissions, and comply with targets to reduce their carbon footprint.

Maintaining the evidence pack required by the Environmental agency can be a commitment for certain companies

The CRC energy efficiency scheme is intended to be revenue-neutral overall. Although those companies that deliver the deepest reductions in their energy use will receive bonus payments, while those that perform worst will face financial penalties.

A spokesperson from the Environment Agency said: "The basic CRC scheme is simple, but some of the organisations covered by the scheme are complex - and that means that parts of the CRC energy efficiency scheme need to be too."

As recently reported by Envido, a survey produced by green IT consultancy Externus revealed low levels of awareness of the CRC energy efficiency scheme among executives in companies eligible for registration.

>For more information on how Envido can help you implement a comprehensive carbon reduction strategy to ensure you maximise the benefits of the CRC Energy Efficiency Scheme please visit: www.envido.co.uk

About Envido

Envido are the UK's leading provider of energy, carbon and sustainability solutions for private and public sector organisations.

We help our clients reduce their business carbon emissions - helping them to comply with climate change legislation and save money at the same time.

www.envido.co.uk

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Envido

Envido

Envido is a leading UK provider of energy, carbon and sustainability solutions for private and public sector organisations. Our unique 'Opportunity-Technology-Change' solution covers carbon consultancy, programme management, and technology and behavioural change delivery that has already enabled our clients to save millions of £'s and CO2 through improved energy and carbon management. We have examples where clients have made energy savings of greater than 20%. If you want to get the most out of your energy and carbon reduction journey then Envido is the ideal partner. Contact us today for a free consultation. To learn more about Envido's energy, carbon and sustainability solutions, visit: www.envido.co.uk

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