CRC Energy Efficiency Scheme Overview & Implementation
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Transcript of CRC Energy Efficiency Scheme Overview & Implementation
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CRC Energy Efficiency Scheme Overview & Implementation
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What is the CRC?
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helps reduce the country’s carbon footprint
encourages improvements in energy efficiency
The CRC
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Key Elements of the SchemeTraditional Cap-and-Trade scheme
6 Steps:
– Forecast emissions
– Purchase allowances
– Monitor/manage emissions
– Purchase additional allowances
– Report emissions
– Receive ‘recycling’ payment
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Enforcement
Deterrent Civil Penalties – fixed and variable
Naming and Shaming
Energy supplier obligations:– HHM lists– Performance statements
Minimum number of criminal penalties
Regulator discretion (EA, SEPA, DOENI)
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CRC Timeline
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Do I Qualify for CRC?
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For calendar year 2008:
– Did you have at least one half-hourly electricity meter (HHM) settled on the half-hourly market?
– Did you consume at least 6,000 MWh of electricity through all your HHMs?
– Did you consume less than 6,000 MWh/ electricity?
– Did you consume less than 3,000 MWh/ electricity?
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Organisational Structure
A
B1 B2 B3 B4
E1
D4
E2
D2D1 D3C3C2C1
KEY
Highest parent organisation
Significant Group Undertakings (SGUs) – those that would be required to participate in their own right if they were not part of Group A
Subsidiaries reported as part of A’s and SGUs overall data
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All Energy Use Emissions
Relevant Emissions
Total Footprint Emissions
Regulated Emissions
CRC Emissions
1. MUST remove all energy use from excluded sources
2. MUST remove 100% of emissions from CCA exempt subsidiaries
3. CAN remove up to 10% of footprint emissions but not Core Sources, or covered by EU ETS or CCAs. Regulated Emissions must be at least 90% of relevant emissions
4. MUST remove all emissions covered by CCAs and EU ETS.
Footprint and Scheme Emissions
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AllowancesLeague Table
Revenue Recycling
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1 allowance = 1 tonne of CO2
Government sale at start of each compliance yearAdditional allowances -- secondary market and ‘safety valve’
3 year introductory phase– 2010-2011: reporting year only−1st sale: April 2011 (for 2011-2012 emissions)
−Fixed price: £12/tCO2 ; no limit
−Allowance ‘banking’
Allowances
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Performance calculated using three metrics during the introductory phase
Mandatory absolute metric
– Reflects change in org’s CRC emissionsEarly action metric
– AMR and CTS coverage Growth metric
– Credit given to organisations that reduce energy intensity
League Table
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Incentive to reduce emissionsLeague Table performance plays key role
– Top placed orgs -- highest bonus rate
– Bottom placed orgs -- maximum penalty rate
– Year 1 maximum bonus/penalty +/-10%
– Year 2 maximum bonus/penalty +/-20%
– Year 5 maximum bonus/penalty +/-50%
Revenue Recycling
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Do I qualify?
Finalise a list of all HHMs settled on the half hourly market
Total electricity consumed through all HHMs (for calendar year 2008)
What should I do now?
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Where can I get help?
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CRC Support
CRC dedicated helpdesk: [email protected]
CRC dedicated webpages: www.environment-agency.gov.uk/crc
- CRC User Guide & Leaflet- CRC Timeline Slides- CRC Guidance Materials- Frequently Asked Questions- Much, much more!