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Firms urged to register for energy scheme as deadline approaches

 

Businesses are being urged to register for a new energy saving scheme to help them save money on their bills.

 

Eligible firms must register for the Carbon Reduction Commitment (CRC) initiative by 30 September or risk an immediate £5,000 fine, and £500 for each day after that. Some experts have warned that fines could reach a maximum of £45,000.

 

Yet recent reports have suggested that two thirds of the estimated 3,500 to 4,000 eligible organisations have not yet registered for the scheme.

 

From April, firms will need to buy permits for each tonne of carbon dioxide emitted. Those organisations which do the most to boost their energy efficiency could receive a 10% bonus, while those that do the least may incur a 10% penalty.

 

Commenting, the Energy and climate change minister, Greg Barker, said: ‘The CRC will encourage significant savings through greater energy efficiency and importantly will make carbon a boardroom issue for many large organisations. My message to businesses today is to register now.’

He added: ‘I understand the original complexity of the scheme may have deterred some organisations and I want to hear suggestions as to how we can make the scheme simpler in the future’.