Manchester City may have a 4 point advantage over United in the Premier League, but when it comes to energy efficient businesses Sir Alex Ferguson’s club is once again at the top of the table.
Today the Environment Agency published its first ‘Energy Efficiency Performance League Table’, ranking over 2,000 UK businesses signed up to the CRC (Carbon Reduction Commitment). The scheme set up in 2007 and passed into law in 2010 aims at reducing the UK’s carbon emissions by 1.2 million tonnes per year by 2020. The CRC currently only applies to companies with an annual business electricity consumption of 6,000MWh a year – according to the legislation, any company meeting the criteria must provide regular ‘footprint reports’ to the Environment Agency.
A number of other prominent UK institutions and businesses ranked alongside Manchester United at the top of the energy efficiency table, including Center Parcs, British American Tobacco, The Department for International Development and the Department of Energy and Climate Change.
According to the latest version of the scheme, companies will have to buy emission allowances equating to the energy use as of next year. These allowances will initially be auctioned by the government and a treasury estimate suggests that this could raise £1bn a year, going up to £3.4bn by 2014-15. The funds were due to be invested back into businesses to help further reduce emissions, but the latest coalition budget suggested that this money would instead ‘be used to support the public finances’.
To help aid companies reduce their business electricity rates, the government has suspended allowance payments for 2011 and has urged companies to invest in energy saving measures. Alongside the use of smart electricity meters, companies have also been encouraged to conduct a full scale energy audit and implement an energy management strategy.