Examples of CRC Scheme in a sentence
In the latter case the infrastructure owner operates trains through a separate division on the samecommercial basis as other operators.
Transition) (Constant Price)Total Benefit(Present Value)LowOptional OptionalOptionalHighOptionalOptionalOptionalBest Estimate [-58]Description and scale of key monetised benefits by ‘main affected groups’These measures would result in a reduction of energy savings attributable to the CRC Scheme and an associated reduction in emissions covered by the Scheme.
These related mainly to the cost impact of the CRC Scheme overall rather than the two measures assessed in this IA.
Direct costs to business of participation in the CRC Scheme are mainly driven by the cost of allowances.
Figures in Table 4 present the joint impact of these measures on the CRC Scheme NPV.
The first phase of the CRC Scheme ran from April 2010 to March 2014 and the second phase commenced in April 2014 and is due to end in March 2019.
The review was welcomed by industry, with particular support for simplification of the business energy landscape, particularly the abolition of the CRC Scheme and the move to a single tax, the CCL.
The CRC Scheme generally does not apply to small businesses, given the eligibility requirement that organisations use over 6GWh of qualifying electricity in a specified year.
The CCC also recommended that if the CRC Scheme is abolished then an alternative annual energy and emission reporting mechanism be introduced UK- wide with board sign off, that public sector action was also required and that the CCL rates should be increased to reflect the CRC Scheme closure.
The approach to monitoring of this legislation is for the Department for Business, Energy and Industrial Strategy, and the Administrator, to continue to monitor the CRC scheme, including the ongoing activities after the end of the current phase, which is the final phase of the CRC Scheme.