- Department for Business, Energy & Industrial Strategy
- Part of:
- Energy demand reduction in industry, business and the public sector and Energy efficiency
- 15 June 2015
- Last updated:
- 21 June 2017, see all updates
Table of conversion factors under the CRC Energy Efficiency Scheme.
PDF, 68KB, 1 page
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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|
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.
Official guidance on all aspects of complying with the CRC Scheme is available from the Environment Agency webpages.
Published: 15 June 2015
Updated: 21 June 2017
- Updated conversion factors.
- updated conversion factors
- Correct forecast sale price for 2015/16 updated
- First published.