The guidance outlines the conditions under which requests for repayment in respect of surplus allowances will be considered, and the process by which participants should make a request.
The CRC Energy Efficiency Scheme Order 2013 (‘the CRC Order’) introduced a mechanism whereby participants that have surrendered more allowances than required (‘surplus allowances’) to their cancellation account may make a request through their account holder to the Secretary of State for Energy and Climate Change (‘DECC’) for the repayment of the balance. DECC may repay the balance to the account holder, subject to a possible deduction of any banking charges incurred during that transaction.
We have produced this guidance to explain:
the conditions under which requests for repayment for surplus allowances will be considered, and
the process account holders must follow to request a repayment
This guidance applies to all CRC participants in the United Kingdom. A repayment request form is included to help with the submission of repayment requests.