Risk and regulation CRC Financial Impact
New government legislation has come at a
time of unprecedented financial pressures.
This is coupled with increasing climate change
concerns. How we go about tackling these
challenges is more important than it has ever
been. The Carbon Reduction Commitment –
Energy Efficiency Scheme (CRC-EES) legislation
aims to reduce carbon consumption within the
UK.
Organisations are eligible for CRC if they have
at least one half-hourly electricity meter settled
on the half-hourly market. Organisations that
consumed more than 6,000 megawatt-hours
per year of half hourly metered electricity during
2008 qualify for full participation.
It is a mandatory carbon dioxide emissions ‘cap
and trade’ scheme that targets emissions from
public and private sector organisations. If you
spend more than £500k a year on energy and
utilities, you are legally obliged to register as a
participant in the scheme.
However, it’s not all doom and gloom. In fact, for
progressive organisations, there are real financial
benefits to be gained if you act now.
We have established an end to end service for
you to conveniently monitor carbon emissions
and reduce energy bills. This is supported by
powerful analytics and benchmarking so that
best practice can be identified and replicated
across your organisation.
You are empowered
We combine international expertise in
sustainability and carbon reduction and provide
an innovative set of information management
and metering technologies whilst retaining
energy supply independence. We’ll make
sure you have all the information you need to
diminish your environmental impact and to
produce savings that go straight to your bottom
line.
What's in it for me?
- You can use the reports generated by
Logica’s aM&T portal as a powerful means
to actively manage your utilities spend. This
way you can achieve up to 15% savings with
benefits being captured immediately. You can
eliminate estimated bills and reduce billing
errors to improve cash flow and prevent
overcharging.
- You can leverage the vast store of information
to make informed decisions about budgeting
and forecasting the correct amount of
allowances to purchase. The allowances,
initially priced at £12 per tonne, are expected
to rise, therefore forecasting allowance
requirements correctly will improve cash
flow stability. Consequently, your money is
used investing in new reduction technologies
instead of paying penalties back into the
CRC-EES.
- The CRC-EES contains performance league
tables ranking all 5,000 organisations, public
and private, and the results will be widely
publicised to promote and champion leading
performers.
- If you are a private organisation, you can
take advantage of the Enhanced Capital
Allowance (ECA) scheme and claim 100%
of first-year capital allowances on your
spending on automated meter reading (AMR)
equipment.
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