CRC Energy Efficiency Scheme Consultation

UK ORGANISATIONS in both the private and public sector gave a cautious welcome to governmental proposals to simplify the UK’s energy efficiency Carbon Reduction Commitment (CRC) scheme.

Many companies and organisations are still feeling stunned by the UK government's shock decision to retain any revenue it raises through the CRC, rather than original intention to recycle it to well performing energy efficient participants.

The Department for Energy and Climate Change (DECC) have now published a consultation document summarising plans to hold up the start of the trading portion of the scheme until 2013 allowing more time for participants to make improvements.

The Confederation of British Industry (CBI) welcomed the proposed changes, which were announced at the CBI’s Climate Summit in London yesterday, but the organisation urged the UK government to create a solid policy framework to reassure businesses while boosting investment.

The DECC hopes to keep track of companies and public sector organisations that have increased their energy demand to participant status via a database at the Environment Agency, which will carry records of all energy meter usage. quote John McShane from business energy analysts Saturn Energy reveling that businesses were still dismayed by the UK government’s u turn on the "revenue recycling" part of the scheme, turning the CRC into a "stealth tax".

"Companies already reeling from the effects of other government cuts were relying on receiving money back for their energy saving – now, not only will they be taxed instead, but the government is asking them to lead the recovery,

"The government can't expect companies to grow and invest in a green future if it keeps moving the goalposts," McShane said.

Thursday 18th November 2010

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