CRC Quest For Energy Efficiency

The Carbon Reduction Commitment (CRC) recently was renamed as “The CRC Energy Efficiency Scheme”. This article will look at why energy efficiency should be central to any organisation’s response to the CRC legislation.

It is not always appreciated that, in the short term, the financial implications of the CRC are relatively small. The table below illustrates that for an organisation consuming £1m of gas and electricity in equal measure, the cost of the emissions allowances under the CRC is around £87,000.

Table 1: Illustration of the relative cost of energy and CO2 allowances in the CRC

CRC Impact	Electricity	Gas	Total
kWh	10,000,000	10,000,000
CRC Conversion Factor	0.5410	0.1836
kg CO2	5,410,000	1,836,000
t CO2	5,410	1,836	7,246
Allowances Cost @ £12/t £	£ 64,920	£ 22,032	£ 86,952
Energy price (£/kWh)	0.070	0.030
Approx Energy Cost £	£ 700,000	£ 300,000	£ 1,000,000

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