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CRC scheme: is your business ready?

2 Mins

UK organisations using large amounts of energy had until the end of September to register with the carbon reduction commitment (CRC) energy-efficiency scheme.

EDF Energy’s energy-reduction team spoke to our sister title Financial Management about what this means for businesses around the country.

The basics

What should firms be doing now? Firms classed as “large non-energy-intensive organisations” (ie you have a half hourly meter and use more than 6,000 MWh of electricity) will have to report carbon emissions every year as a legal duty. You had to register before the end of September, however, so if you haven’t yet done so, check the Department for Energy and Climate Change’s website. Actual trading won’t start until April 2011, but there’s much that needs to be done beforehand.

What does the registration process entail? Companies need to have collected information about the number of sites they have, the type of energy they use and their total energy consumption for the first benchmark year of 2008. Large firms will also have to decide how they want to report this data: as a group or as separate entities. Many companies seem to be deciding to report all subsidiaries as separate entities, as it accomodates possible acquisitions or disposals better.

The video

Watch Siobhan Hyland, regulation and compliance analyst at EDF Energy, speak to Ruth Prickett of Financial Management about the CRC Energy Efficient Scheme below.

 

 

For further information on the CRC scheme, check the user guide guide on the Department for Energy and Climate Change’s website, or visit EDF Energy’s dedicated CRC site.

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