Carbon Reduction Commitment Energy Efficiency Scheme — changes to the disaggregation rules
The CRC Energy Efficiency Scheme Order 2013 recently came into force with the intention of simplifying the Carbon Reduction Commitment Energy Efficiency Scheme (CRC). Among the changes is one that is particularly likely to be of interest to the private equity community, namely a relaxation of the rules regarding the participation of private sector groups of undertakings in the next phase of CRC, which begins in April 2014.
The order made a number of changes simplifying CRC, most of which are beyond the scope of this article. For private equity, the key change to the scheme is the introduction of a new ability for participants to disaggregate portfolio groups to allow them to participate in the scheme in their own right…
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