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CRC Annual Report Publication: Key Results for Phase 2
The CRC Energy Efficiency Scheme Annual Report Publication (ARP) covering the first 2 compliance years of Phase 2 has been published today.
CRC Annual Report: key results
Key results for Phase 2 to the end of the 2015/16 compliance year show:
- Total revenue through carbon allowance purchases in 2015/16 increased 18.2% to £902,957,350 compared to 2014/15
- Total energy use reported for 2015/16 was 3.2% lower than 2014/15: equivalent to 3,558,208MWh
- Total reported emissions for 2015/16 were 9.7% lower than 2014/15: equivalent to 4,415,594tCO2
- 1,858 participants registered for Phase 2; this is a small reduction in the number of participants when compared with the final year of Phase 1
The key results present some very serious numbers, including a near £1bn revenue stream for the government and some notable improvements in energy usage and carbon impact.
3.2% reduction in annual energy usage
The CRC is due to be scrapped following completion of the 2019 compliance year (in July 2019). The Scheme has been widely criticised by Participants as overly burdensome and costly to administer. Others will argue that the benefit of identifying and reporting annual emissions has brought attention to energy efficiency improvements, as demonstrated through the 3.2% reduction in reported energy use.
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