The CRC Energy Efficiency Scheme (Revocation and Savings) Order 2018
Posted on July 24, 2018 at 4:37 pm
Commencement: 1st October 2018
Amends: The CRC Energy Efficiency Scheme Order 2013
Mini Summary of the 2013 Regulations
The CRC Energy Efficiency Scheme (CRC), formerly the carbon reduction commitment, is designed to promote energy efficiency and reduce carbon emissions in the UK. CRC targets emissions that are not included within Climate Change Agreements (CCA) or the EU Emissions Trading System (EU ETS).
This Order revokes The CRC Energy Efficiency Scheme Order 2013 and makes provision for the early closure of the CRC Energy Efficiency Scheme.
The current phase, which applies to emissions from relevant energy supplies from 1st April 2014 to 31st March 2019, will be the final phase of the CRC Scheme.
Participants who qualified for the current phase or for the previous phase (2010-2014) will still be required to comply with their obligations as usual. For the current phase, participants are required to monitor their supplies of electricity and gas from 1st April 2014 to 31st March 2019, and to annually purchase and surrender sufficient allowances to cover the related emissions. The surrender for the final year is due by the last working day of October 2019.
The Administrator will still be required to maintain the Registry, were participants details and reports are stored, until March 2022. After this date, the Registry will close. A record of the Registry and a list of participants must be kept until the end of March 2025 to facilitate any outstanding activities relating to the current phase.
The Environment Agency administers the scheme for the UK and regulates the scheme in England. The Scottish Environment Protection Agency, Northern Ireland Environment Agency and Natural Resources Wales regulate the scheme in their own countries.
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