CRC Energy Efficiency Scheme: conversion factors
Table of conversion factors under the CRC Energy Efficiency Scheme.
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Compliance requirements
Organisations which participate within the CRC are required to monitor their energy use, and report their energy supplies annually. The Environment Agency바카라 사이트檚 reporting system applies emissions factors to calculate participants바카라 사이트� carbon dioxide (CO2) emissions on the basis of this information.
Participants must purchase and surrender allowances for their emissions. Allowances can either be bought at annual fixed-price sales, or traded on the secondary market. One allowance must be surrendered for each tonne of CO2 emitted.
In the current phase, participants have the option of buying allowances in advance in the lower price 바카라 사이트榝orecast sale바카라 사이트� at the start of a compliance year, or in a higher price 바카라 사이트榗ompliance sale바카라 사이트� after the end of the year.
For the current phase, the following prices have been announced:
| CRC Scheme Year | Forecast Sale Price | Compliance Sale Price |
|---|---|---|
| 2014/15 | 拢15.60 | 拢16.40 |
| 2015/16 | 拢15.60 | 拢16.90 |
| 2016/17 | 拢16.10 | 拢17.20 |
| 2017/18 | 拢16.60 | 拢17.70 |
| 2018/19 | 拢17.20 | 拢18.30 |
At Budget in March 2016, HMT announced the decision to close CRC following the 2018 to 2019 compliance year, with no purchase of allowances required to cover emissions for energy supplied from April 2019.
Further guidance
Official guidance on all aspects of complying with the CRC Scheme is available from the Environment Agency webpages.
Updates to this page
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Annual update to CRC Energy Efficiency Scheme: Table of Conversion Factors
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Updated conversion factors.
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updated conversion factors
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Correct forecast sale price for 2015/16 updated
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First published.