Watchdog says more than 2,700 organisations registered as participants ahead of the deadline, while a further 400 are in the pipeline
The Environment Agency has expressed confidence that the vast majority of those organisations required to register for the government's Carbon Reduction Commitment (CRC) managed to do so ahead of yesterday's deadline.
According to the latest figures obtained by BusinessGreen.com, as of late yesterday afternoon 2,731 organisations had registered with the Environment Agency as full participants in the scheme, while a further 11,320 had registered as information declarers.
The Agency also revealed that an additional 400 organisations had contacted the watchdog ahead of the deadline and were in the process of finalising their registration documents. As a result, these firms are unlikely to be fined for failing to meet the deadline.
A spokeswoman for the agency said that those organisations already registered as participants accounted for more than 90 per cent of the electricity consumption expected to be covered by the scheme.
She added that once the final 400 organisations have completed their registration documents, "we expect that participant registrations will be complete - subject to final checks on meters and coverage".
Under the rules of the CRC, organisations that use more than 6,000MWh of electricity a year must register as participants in the scheme and provide annual information on their energy use. Meanwhile, all organisations with a half-hourly electricity meter have to register as an information declarer, confirming they do not use enough energy to qualify for the scheme.
Those organisations that miss the deadline for registering as participants risk an initial fine of £5,000 and additional fines of £500 for each day they fail to register, up to a maximum of £45,000.
Those that fail to register as information declarers will face smaller fines of £500 for each energy meter they fail to declare.
Concerns remain that several hundred information declarers may have missed the deadline, but the high registration rate for participants will come as a relief to the government, which had faced criticism from businesses concerned that large numbers of organisations would miss the deadline.
Attention will now turn to the next phase of the scheme, which is scheduled to kick off next April when organisations are required to report their annual emissions and the government begins selling emission allowances to organisations covered by the scheme.
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