Carbon Reduction Commitment: What happens when?
This page summarises what we expect to be happening between now and when the scheme takes effect in 2010, and the basic timings for the Introductory Phase.
We've also shown much of this in diagrammatic form (PDF, 300 KB)
2008
- Qualification year
Organisations with half hourly meters will need to calculate their electricity use for 2008 based on information provided by their suppliers. If their electricity consumption through these meters is greater than 6,000 MWh per annum (organisation with a total electricity bill of £1,000,000 or more are likely to be included), the organisation will be covered by CRC.
2009
- Consultation on draft CRC regulations
The Climate Change Act contains enabling powers to introduce new trading schemes, including CRC. Government plans to issue a detailed consultation on the CRC draft regulations in February 2009.
- Identification of CRC participants
In Summer 2009, the Environment Agency – who will administer the CRC – will contact all UK billing addresses with half hourly meters providing them with Registration Packs. In 2010, all organisations with an HHM will need to provide information on their total half-hourly electricity consumption for 2008 together with a list of your half-hourly meters, assisted by their electricity supplier.
2010
- CRC Scheme begins with three year Introductory Phase
First compliance year (April 2010 - March 2011) is also the preliminary period or ‘Footprint’ Year
2011
- Second compliance year
- First sale of allowances takes place in April.
Allowances will be sold to participants at a fixed price of £12/tCO2. Note that this first sale will be unique, in that it will be for both 2010/11 allowances and 2011/12 allowances. All subsequent sales / auctions will only be for allowances for the year ahead.
2012
2013
- First capped phase begins
Auctioning of carbon allowances begins
Page last modified: 1 December 2008
Page published: 16 July 2008
