E.ON has signed a 3-year contract with Deutsche Bank UK to manage its Carbon Reduction Commitment (CRC) compliance for phase one of the Government energy efficiency scheme.
It involves defining the organisational boundaries relevant to CRC whilst ensuring all of the energy consumption data is captured, quantified and reported.
Starting in 2010, E.ON’s consultancy work identified 74 buildings within Deutsche Bank UK as having an energy supply that needed to be reported as part of the CRC.
E.ON is helping Deutsche Bank UK to meet its carbon reduction responsibility by:
- Providing CRC auditing and reporting service
- Removing the administrative burden
- Providing in-depth knowledge of CRC and legislation compliance
- Updating Deutsche Bank on the impact of regulatory changes
- Helping to avoid the penalties of non-compliance
- Saving cost and time.
E.ON gathered energy consumption data, relevant metrics and evidence for all buildings in the Deutsche Bank UK building portfolio.
Each building was then evaluated to determine whether it fell within the Deutsche Bank UK organisational boundary as defined by the CRC.
Furthermore, the eligibility of each building for early actions metrics (AMR meters installed or having Carbon Certification) was undertaken.
The Deutsche Bank estate was fully registered on the Environment Agency Website in 2010.
E.ON is supporting Deutsche Bank through:
- Gathering data and submitting the footprint report in July 2011
- Yearly submission of annual reports in July
- Developing CRC strategic directions and inputs
- Apportioning and budgeting for the CRC allowance costs across the Deutsche Bank UK estate
- Maintaining evidence packs and reporting on building updates quarterly
- Providing expert consultancy and advisory services for CRC including workshops.
Carbon Reduction Commitment
The Carbon Reduction Commitment (CRC) Energy Efficiency Scheme was introduced by the government and became statute in April 2010.
CRC is targeted towards large organisations which used more than 6,000MWh of electricity between January and December 2008 and have at least one half hourly meter. Organisations that meet these criteria are obliged to participate in the CRC.
Demonstrating sustained annual emission reductions is rewarded with a higher position in the league table and a decrease in the number of CRC allowances to be purchased.
Published league tables will rank participating organisations by highlighting year on year energy savings compared with other participants and the proportion of Early Action Measures implemented.
During the introductory four year phase which started in April 2010, CRC allowances will be sold at a fixed price of £12 per tonne of CO2.
For inaccurate data and failing to keep records up to date an organisation will be charged the proposed penalty of £40 for every tonne of CO2 it emits.