Your organisation will be captured by the CRC if its total half hourly metered electricity use is greater than 6,000 megawatt-hours (MWh) between 1 January 2008 and 31 December 2008. This corresponds to annual electricity bills of approximately £500,000. However, to minimise policy overlap, your organisation's emissions covered by a CCA or EU ETS will not be required to be reported in this scheme.
Initial financial implications of the new scheme will be upwards of £50,000 for even a small operation, rising considerably for more complex organisational structures. Although it does not come into force until 1st January 2010, it will affect businesses well before that date. Budgetary commitments will need to be in place for the 2009-10 tax year, so you need to be planning for this now.
The government will be contacting sites with Half Hourly Meters (HHMs) at the beginning of 2009 with an information pack on the CRC and instructions on what to do next, but we recommend that organisations start now to monitor their energy usage to estimate if they are likely to fall within the threshold, and to start immediately to collate their energy bills for 2008, since this will be the baseline year.
We also recommend attending the one day briefing offered at EEF’s Woodland Grange venue.
Sessions will include:
• background to climate change policy and regulation in the UK
• eligibility rules and requirements
• accounting rules and principles
• key aspects of data management and accounting to ensure compliance
• integration with existing accounting and management systems
• opportunities for Q&A in relation to delegates own organisations
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Open course at Woodland Grange:
October 7th 2008 November 4th 2008
£295 +VAT Non Residential, £375 +VAT Residential
Open course at Broadway House, London:
December 3rd 2008
£295 +VAT Non-Residential