As part of the comprehensive spending review, the Government announced the following changes to the Carbon Reduction Commitment Energy Efficiency Scheme (CRC);
“The CRC Energy Efficiency scheme will be simplified to reduce the burden on businesses with the first allowance sales for 2011-12 emissions now taking place in 2012 rather than 2011. Revenues from allowance sales totalling £1 billion a year by 2014-15 will be used to support the public finances, including spending on the environment, rather than recycled to participant. Further decisions on allowance sales are a matter for the Budget process.”
As soon we have clarity on these changes from the Department of Energy and Climate Change (DECC), we’ll update our website to ensure our customers have the latest and correct information. In the meantime, you can still visit our CRC pages.
Further information on the CRC Energy Efficiency Scheme is available on the DECC website; decc.gov.uk