Guidance

Guidance on the CRC repayment mechanism for surplus allowances

The guidance outlines the conditions under which requests for repayment in respect of surplus allowances will be considered, and the process by which participants should make a request.

• From: Department for Energy Security and Net Zero and Department for Business, Energy & Industrial Strategy
• Published: 29 July 2013

Documents

Guidance on the CRC repayment mechanism for surplus allowances

Ref: 13D/174

PDF, 163 KB, 6 pages

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CRC Repayment Request Form

MS Word Document, 48.2 KB

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Details

The CRC Energy Efficiency Scheme Order 2013 (‘the CRC Order’) introduced a mechanism whereby participants that have surrendered more allowances than required (‘surplus allowances’) to their cancellation account may make a request through their account holder to the Secretary of State for Energy and Climate Change (‘DECC’) for the repayment of the balance. DECC may repay the balance to the account holder, subject to a possible deduction of any banking charges incurred during that transaction.

We have produced this guidance to explain:

• the conditions under which requests for repayment for surplus allowances will be considered, and

• the process account holders must follow to request a repayment

This guidance applies to all CRC participants in the United Kingdom. A repayment request form is included to help with the submission of repayment requests.

Published 29 July 2013