Guidance

CRC Energy Efficiency Scheme: conversion factors

Table of conversion factors under the CRC Energy Efficiency Scheme.

Documents

CRC Energy Efficiency Scheme Order: Table of Conversion Factors

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email correspondence@decc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

Compliance requirements

Organisations which participate within the CRC are required to monitor their energy use, and report their energy supplies annually. The Environment Agency’s reporting system applies emissions factors to calculate participants’ 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 ‘forecast sale’ at the start of a compliance year, or in a higher price ‘compliance sale’ 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 £15.60 £16.40
2015/16 £15.60 £16.90
2016/17 £16.10 £17.20
2017/18 £16.60 £17.70
2018/19 £17.20 £18.30

At Budget in March 2016, HMT announced the decision to close CRC following the 2018-19 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.

Published 15 June 2015
Last updated 21 June 2017 + show all updates
  1. Updated conversion factors.
  2. updated conversion factors
  3. Correct forecast sale price for 2015/16 updated
  4. First published.