Tuesday, 3 May 2011

Firms face big fines for poor CRC reporting

The organisations in question are those whose half hourly electricity consumption totals more than 6,000 MWh per year (equivalent to approximately £500,000 annual spend).

The reports are due by the end of July, so participants only have three months to prepare them, yet fresh research by accountancy firm PricewaterhouseCoopers has found that only 21% of organisations questions said that they were even currently reporting their carbon emissions.

The scheme's regulator, the Environment Agency, can implement fines of £5,000 if a company does not submit their report on time, plus £500 for each day that the report is overdue.


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