All participants are required to register for the CRC by the end of September 2010. However, the scheme administrators have indicated that the process of checking identities will need to be carried before any organisation can successfully register for the scheme, and participants should allow at least two weeks for this to happen.
In order for participants to register for the CRC, the group structure will need to be identified on 31st December 2008 and verified through the use of the Companies Act tests. Information on all mandatory and voluntary half hour meters during 2008 will also need to be submitted to the scheme administrators, together with information on total electricity supply.
Participants should aim to register before the end of August 2010, to enable the scheme administrators to complete registration checks before the 30th September deadline and avoid any subsequent late application fines.
The environment agency has overall responsibility to enforce the carbon reduction commitment in its capacity as the scheme administrator. Regional regulators will be tasked with carrying out the necessary audit of 20% of participants each year.
The Carbon Reduction Commiment will operate on the basis of participiants recording and reporting their own emissions to the scheme. As such, their level of emissions will not necessarily be subject to any verification. However, 20% of all particpants will be audited annually; via a rolling programme of desk-based audits that will be carried out throughout the year.
Organisations will be required to provide evidence pack's that will include:
The details of the organisation
Annual energy consumption throughout the organisation
Details of early action metric throughout the organisation
Details of growth metric throughout the organisation
As above for all significant subsidiaries
Structural records, data records and special events
Both public and private sector organisations must make an information disclosure under CRC if they had one or more half hour electricity meter at any time during 2008.
Annual reporting for the Carbon Reduction Scheme will fall in line with the financial year compliance cycle, from April to March, as opposed to the original reporting that was based on calendar year reports from Januaury to December.
Organisation within the Carbon Reduction Commitment will be required to maintain an evidence pack, and a source list of all emissions included in the CRC.
Additional rules will apply to the reporting on the generation of renewable energy, exporting power from your own energy generation and the use of combined heat and power.
At the end of each reporting year (March 31) you will be required to submit your report by the end of July. At this point he will also be required to surrender allowances that will be equal to your level of emissions, where 1 allowance wil be equal to 1 tonne of CO2.
The carbon reduction commitment scheme is based on audits rather than verification. As such, you will not be required to verify your commission's statement, which differs from exiting EUETS schemes. However, the audit process wl cover 20% of al participants each year.