With just a week to go before the deadline, thousands of organisations look set to fail to register for the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme (see figure).
CRC registration closes on 30 September. Companies and public sector bodies that fail to make any effort to register face the threat of significant financial penalties.
By 20 September, only 2,431 full participants in the emissions trading scheme had registered. This is 60-80% of the 3,000-4,000 expected by scheme regulator the Environment Agency.1
Much more worryingly, only a little over half (8,297) of the expected 15,000 organisations required to make an information disclosure had registered.2
Last week, energy and climate minister Greg Barker rejected calls to extend the deadline (ENDS Report, September 2010).
The Agency has said it will not rush to prosecute companies that fail to register. However, it is important that organisations contact the agency and show they are making every effort to register.
Participants that fail to register could be fined £5,000 with a further £500 per day until registration is completed. The names of organisations that fail to register will be published. Information declarers face a £500 fine for each half-hourly electricity meter they fail to register.
The alternative explanation is that the estimated number of organisations covered by the CRC made by the government and agency were inaccurate. Last month, the agency revised downwards its estimate of participant numbers (ENDS Report, August 2010).