August 16, 2010, 4:11 pm
With only 48 days now left in which to register with the Environment Agency for the CRC EES, it has become apparent that a large proportion of landlords and commercial property owners that may be affected by the scheme have yet to register with the Environment Agency. Registration for the scheme ends on the 30th September.
Qualification is based on your 2008 electricity consumption – If you have what is known as a Half Hourly Electricity Meter on the Settled Market you have to take some sort of action under the scheme. If you or your tenants consumed over 6,000MWh (equates roughly to an annual spend of circa £500k) of electricity you will be a full participant, which will involve the purchase of allowances for every tonne of CO2 you or your tenants emit and the ranking of your business in a public league table. (Your ranking may affect future lettings of your space as you will be compared to other landlords). Even those that have not used 6,000MWh of electricity will still have to register with the Environment Agency and produce an Information Disclosure.
Failure to meet the registration deadline for full participant will mean an immediate £5,000 fine plus £500 for every day after. Failure to provide the Information Disclosure can result in a fine of £500.
The CRC EES received significant press through the Daily Telegraph on the 10th of August:
