September 30 sees the deadline for companies and organisations to sign up to the CRC Energy Efficiency Scheme, designed to improve energy efficiency in large public and private sector organisations.
Seen as vital to achieving the UK’s overall target for reducing greenhouse gases by 2050 by at least 80%, compared to 1990 figures, this a mandatory scheme to improve energy efficiency and reduce the amount of carbon dioxide emitted.
Participating organisations – those who have half-hourly electricity supply – will have to monitor their emissions and purchase allowances for each tonne of CO2 they emit. The more CO2 emitted, the more allowances they need to purchase, hence the incentive to reduce emissions and save money by reducing energy bills.
Organisations that are eligible for CRC but fail to register with the Environment Agency will be fined a fixed penalty of £5,000, plus an additional daily fee of £500 per working day up to 80 days.
Participants are said to be able to make savings of £1 billion a year by 2020 by introducing energy efficiency measures.
Recent government information indicates that they’re still many organisations that have yet to register. If you’re one of them and are unsure what to do contact Lulu Consulting to see where we can help out. Email: email@example.com