DECC to refund CRC participants 50 pence per allowance
CRC Energy Efficiency Scheme participants who purchased allowances in the April 2015 forecast sale will receive a refund at 50 pence per allowance.
The administrative error was announced on 1 February 2016. Regulations state that the price for the April 2015 forecast sales was £15.60, whereas the published price for allowances had been set at £16.10. The error is expected to have affected about a quarter of CRC participants.
DECC has written to all affected participants on 1 February 2016 via the payment provider SSCL, with details about the refund. Once bank details have been confirmed, DECC aim to pay the refund within 10 working days.
How Envantage can help
If you are affected by this issue but have not been contacted, you should contact DECC or speak to Envantage for advice.
Envantage manages the CRC compliance process for companies across the UK, including all data management and administration. We are liaising with all our clients to ensure they receive the appropriate refund.
Tel: +44 (0) 161 448 7722
Fax: +44 (0) 161 448 7733
Email Envantage savings@envantage.co.uk
