After a thorough consultation process conducted by The Department for Business, Energy and Industrial Strategy (BEIS) involving 101 key stakeholders, the UK government has decided to extend the new entrant deadline for the Climate Change Agreement (CCA) scheme.
Companies eligible to apply for the scheme can now do so up until 30 November this year after an overwhelming majority of respondents responded in favour of pushing it back by two months from the end of September.
First established in 2001, the CCA incentivises energy and carbon savings through setting energy-efficiency targets whilst also helping to reduce energy costs in sectors with energy-intensive processes by providing a significant discount to Climate Change Levy (CCL)
The current targets provide the basis on which organisations can make improvements to the energy-efficiency of facilities included in agreements over an eight-year period, ensuring their contribution to UK-wide goals, in return for savings worth nearly £300m annually.
As it has been agreed to change the baseline year from 2008 to 2018, companies already in the scheme will need to recalculate their energy consumption data and bring it up to date. We can assist with that process whilst also checking the eligibility of companies who wish to join the scheme for the first time.
CCAs are not intended as a straightforward subsidy for energy-intensive industries and are designed to encourage businesses to unlock additional energy efficiency potential. Our energy auditing process helps to identify areas where those possible savings can be made.
Also, by analysing consumption against throughput units, we are able to accurately monitor a client’s progress towards targets, allowing for more accurate budget forecasting.
If you would like to speak with one of our team about CCAs, please give us a call on 01225-867722.
Source: Energy Management