Energy Efficiency Scheme
The CRC Energy Efficiency Scheme is a new regulatory incentive to improve energy efficiency in large public and private sector organisations.
Organisations have to purchase allowances from the government for each tonne of CO2 they emit and then each organisation is encouraged to reduce its emissions year on year. The success of this reduction will determine its position in a league table which will be published. The scheme was revised in 2011 and it was decided that the payments would not be recycled; the result of this means organisations will need to reduce emissions to keep costs down.
The scheme started in April 2010 and the first league table was published in October 2011. The scheme is currently entering it’s second reporting year which will see the first emissions sale take place this summer. Emissions will cost £12 per tonne of CO2 for the first year; the charge will become an element of the annual budget review thereafter.
MWB Group Holdings PLC registered for the scheme in August 2010 and is currently preparing to report on the year 1st April 2011 – 31st March 2012 for which it will be purchasing allowances in July 2012. The group places considerable importance on energy efficiency and welcomes this scheme as an integral component in its drive for reducing carbon emissions and working towards a more sustainable future.