Carbon Reduction Commitment?
By Michelle Murdoch (International Representative)
Many Organization are seriously taking Carbon Reduction as a joke. According to a press release, Qualifying businesses should have signed up to the Government’s Carbon Reduction Commitment (CRC) by 1st April, but according to the ACCA (Association of Chartered Certified Accountants), many firms are unclear about whether it affects them or not – and what they should do if it does .
Henning continues: “The Government assumes that big business will be predominantly affected, but SMEs ought to check their eligibility so they don’t get caught out and face a hefty £5,000 fine for non-compliance.”
• 1 April 2010 – 31 March 2011 is the first year of compliance, when companies should register for the scheme or make an information disclosure to the administrator. They need to monitor energy supply over this period and collect records for their evidence pack.
• Between April 2010 and the end of September 2010, businesses that meet the electricity consumption criterion must register via the online CRC registry. Those that do not meet the criterion for consumption, but do have an HHM settled on the half-hourly market, must make an information disclosure via the CRC registry.
• 1 April 2010 – 31 March 2011 is the first year of compliance, when companies should register for the scheme or make an information disclosure to the administrator. They need to monitor energy supply over this period and collect records for their evidence pack.
• Between April 2010 and the end of September 2010, businesses that meet the electricity consumption criterion must register via the online CRC registry. Those that do not meet the criterion for consumption, but do have an HHM settled on the half-hourly market, must make an information disclosure via the CRC registry.