BEIS has laid out guidance for the closure of the Carbon Reduction Commitment Scheme (CRC). The final compliance year for CRC was 2018 – 2019, with the final allowance surrender deadline of 31 October 2019.
For the majority of CRC participants there are no further requirements other than maintaining your contacts on the CRC registry until 31 March 2022.
Although the activity required of participants is now over, the CRC Regulators may conduct audits up until 31 March 2025.It is vital therefore that participants retain their evidence packs until this date.
The CRC registry will be available until 31 March 2022 should any participant need to make changes to any Phase 2 Annual Reports. From 1 April 2022 the CRC Registry will no longer be available to make amendments.
The CRC closure regulations allow for refunds up until 2025 BEIS is strongly recommending that any refund requests to be submitted as early as possible so that it is easier for to find the relevant supporting evidence required for a request to be successful.
Excess allowances will only be considered for refund where either:
- A Participant has surrendered allowances commensurate to their reported emissions, but a reporting error is subsequently discovered by the participant or as a result of audit by the scheme administrator. As a result, the participant has surrendered to their cancellation account surplus allowances; or
- An organisation has registered for participation in the CRC Scheme in error, and subsequently surrendered allowances.
Refunds for excess allowances held in your account will not normally be considered.