James Kirkup, Harry Wallop and Louise Gray
August 11, 2010
Companies that fail to register their energy use by next month will be hit with fines that could reach £45,000 under the little-known rules.
- A d v e r t i s e m e n t
Those that do participate in the Carbon Reduction Commitment (CRC) initiative by declaring their energy use will face charges for every ton of greenhouse gas they produce.
These payments are expected to average £38,000 a year for medium-sized firms, and could reach £100,000 for larger organisations.
Surveys have shown that thousands of businesses are unaware they are supposed to be taking part, or even that the scheme exists at all.