Promoting a New Corporate Culture of Energy Efficiency

Western Mail (Cardiff, Wales), May 27, 2010 | Go to article overview

Promoting a New Corporate Culture of Energy Efficiency


Byline: Mike Batt

ENERGY efficiency is the building block for a low-carbon economy.

Yet it remains a forgotten resource for many organisations. Organisations in Wales waste on average between 10-20% of the energy they buy. And this annual pounds 8.5bn in wasted energy costs across the entire UK economy is financially impacting on the public and private sectors at a time when they can least afford to be throwing money down the drain.

Carbon reduction in Wales has to become part of the corporate DNA where every opportunity for cost and carbon savings through greater energy efficiency is seized upon.

The new Carbon Reduction Commitment Energy Efficiency Scheme (CRC), which came into force last month, will be an important legislative tool in making energy efficiency a boardroom priority.

However many of the organisations affected in Wales remain unaware and unprepared for the financial, compliance, audit and carbon management implications of these new regulations.

The CRC applies to any public or private sector organisation with an annual electricity bill of approximately pounds 500,000 or more.

From April 2011, affected organisations will have to purchase carbon allowances from the Government, at around pounds 12 for every tonne of carbon emitted each year. Participants will also need to submit self-certified evidence packs of energy use and carbon emissions.

Failure to comply will result in annual fines of around pounds 40 per tonne of CO2. It is therefore imperative that organisations act now in order to identify and harness every opportunity to cut energy consumption through greater energy efficiency.

Early action will minimise upfront CRC payments and maximise the opportunity to obtain an annual payment for improved carbon performance. Achieving the Carbon Trust Standard certification and voluntary installation of automatic meter-reading equipment are two early action metrics that will increase the opportunity to receive greater repayments in the introductory phase of the scheme.

Compliance with the CRC will not only carry cost implications but will also influence corporate reputation with customers, employees, partners and investors. An annual league table will be published to show the performance of CRC participants in terms of their efforts to reduce carbon emissions. …

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