Aardvark News
Aardvark Carbon Facts - Issue 1
Welcome to CRC Facts - Aardvark's regular series of key updates on the Carbon Reduction Commitment.
The Carbon Reduction Commitment is moving through its final consultation phase and will come into force on 1st April 2010. The threshold for the scheme is using more than 6000MWh of electricity in 2008 through at least one half hourly electricity meter, you may be exempt if you are in a CCA or EUETS scheme.
Did you know?
1. Who Pays the Bills?
The basic rule under CRC is that any electricity consumption counts as your responsibility if your organisation holds the contract with the electricity supplier for that electricity supply. Generally this will be the organisation responsible for paying the bill.
If you purchase electricity through a third party agent who procures energy services on your behalf and pays the bills, you are responsible as the organisation that contracted the agent.
2. The League Table
In the first year, the League Table will only take into account energy saving measures an organisation put in place before the start of CRC.
3. The Liability
As well as the position in the League table, which will be public knowledge, there will be a carbon tax to pay and fines to avoid.
For example - The potential CRC liability for 250,000sqft of commercial office space will be the equivalent of 18p per sq ft
Please see the calculator below for a more detailed assessment of the following energy use and liability based on typical ratios for commercial property.
The tax will be recycled, on the basis of your position in the League Table. However, in April 2011, you will have to pay twice the value shown here.
Getting carbon fit and having a strategy in place for you and your tenants will save money.
The Aardvark team have extensive experience of carbon management for CCA, EUETS and through working with energy intensive organisations and property clients over the last 10 years. We are currently tracking 51,000 tonnes of CO2e emissions from 35,212 sources associated with 1,437 property based assets - bringing down liabilities and making commercial reductions.
Our team can quickly work through liabilities and reduction potential of the CRC on your organisation.
If you think we can help or would like our Guidance Note then please contact either Mark Clayton or Phil Cookson on 01984 624989 or email markclayton@aardvarkem.co.uk or philcookson@aardvarkem.co.uk
In the meantime watch out for Issue 2 of CRC Facts - Reducing the Liability, League Table Positioning and Revenue Recycling
Thursday, 28 May 2009