A guide to the CRC Energy Scheme: what is it and how does it work?
The CRC is a mandatory emissions trading scheme administered by the Environment Agency (EA). In operation since 1 April 2010, it applies to large businesses and public sector organisations in the UK. It aims to incentivise both the private and public sectors to increase energy efficiency as part the UK’s wider commitment to reduce emissions at a national and international level.
The rules on participation in the scheme are complex; however, the basis is the energy consumption of an organisation as a whole, rather than at specific sites. Through various reporting and evidence-keeping obligations, participants are required to measure their energy consumption and report on this to the EA before buying sufficient allowances from the EA to cover that consumption. There are significant financial penalties for failing to participate.
The scheme is divided into seven phases and each phase is then divided into annual reporting years (ARYs) that run from 1 April to 31 March the following year. Organisations to which the scheme applies must register as a participant at the start of the relevant phase and there will be two fixed-price sales of allowances for each ARY. Participants are required to keep an evidence pack including all the information used to determine whether they must participate and all the information used to compile each annual report. The EA will publish information about the participants’ energy efficiency after each ARY…
Click on the link below to read the rest of the Walker Morris briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
What’s coming up: the major cases, government policy changes, and litigation and dispute resolution legislation to look out for in 2015
We know that it is important for businesses to be aware of upcoming legal and regulatory changes, so that they can plan ahead. View Walker Morris’s summary of some of the key upcoming decisions in major cases, changes to government policy and forthcoming legislation relating to litigation and dispute resolution in an easy-to-use table by clicking the link below: http://www.walkermorris.co.uk/whats-coming
The answer is yes, if they were not created as part of a genuine attempt to settle an existing dispute.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.