Issue details

KD 3879 CRC Forecast Purchasing of Allowances for 2014/2015

In April 2014, the Council has the opportunity to purchase its Carbon Reduction Commitment (CRC) Energy Efficiency Scheme allowances for 2014/15 a full year in advance at a reduced price (£15.60 as opposed to £16.40) for each tonne of carbon emitted. Based on estimated emissions of 18,439 tonnes, buying CRC allowances a year in advance at the lower price will achieve a saving of approximately 5% which is equivalent to approximately £14,000.


Decision type: Key

Reason Key: Expenditure > £500,000;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 06/02/2014

Decision due: 7 Mar 2014 by Cabinet Member for Environment & Sustainability

Department: Place

Contact: Andrew Whelan, Performance & Quality Manager Email: Tel: 020 8379 4561.

Part 1 & 2 (Para 3): Part 1.