During the introductory phase (April 2010 to March 2013) the cost of carbon allowances is set at £12 per tonne of C02.
The Government confirmed the charges for the CRC Energy Efficiency Scheme when they published their Response and Policy Decisions in October 2009.
The charges for all participants are as follows:
The Environment Agency has been appointed as the administrators of the CRC scheme in England and Wales*. They will have contacted you because your business had at least one Half-Hourly meter settled on the Half-Hourly market in December 2008, which means you’ll need to register with the CRC scheme and/or participate fully.
Between now and 2020, the scheme aims to reduce CO2 emissions by approximately 4 million tonnes each year, through improved energy efficiency. The scheme forms an integral part of the Government’s overall objective to reduce greenhouse gas emissions by at least 80% by 2050, compared to 1990 levels.
The CRC Energy Efficiency Scheme (CRC) is designed to be revenue neutral to the Exchequer. Subject to administration costs, businesses will get back the money they paid for their previous year’s CO2 allowances plus or minus a bonus or penalty depending upon their performance in a national league table.