Developing an environmental strategy for UK film - BFI

Table 4: Climate Change Levy
Day
rate
(p/kWh)
Daytime
consumption
(kWh)
Version 1.0 - 24 -
Night
rate
(p/kWh)
Night time
consumption
(kWh)
Annual
cost
Original tariff 5.24 2,219,000 1.75 364,000 £122,670
Original tariff after
climate change levy
5.67 2,219,000 2.18 364,000 £133,740
Green tariff 5.50 2,219,000 1.83 364,000 £128,660
Saving using green tariff £5,080
NB: At the time of publishing, Good Energy is the only energy supplier who use 100% renewable energy.
Carbon Reduction Commitment: The Carbon Reduction Commitment (CRC) is a new
scheme, announced in the Energy White Paper 2007, which will apply mandatory emissions
trading to cut carbon emissions from large commercial and public sector organisations by 1.1
MtC / year by 2020. The CRC will target up to 5,000 large organisations (whose emissions are
currently not included in the EU Emissions Trading Scheme (ETS) or Climate Change
Agreements). This scheme will include supermarket chains, hotel chains, office-based
corporations, government departments and large local authorities for example. The CRC will
cover all organisations whose electricity consumption is greater than 6,000MWh/yr, equivalent to
an annual electricity bill of ~£500k. During a planned introductory phase (~2009), all allowances
will be sold at a fixed price. From 2013, allowances will be allocated through auctions with a
diminishing number of credits available over time. At the end of each year, company
performance will be summarised in league tables outlining the best and worse performers in terms
of carbon emissions and reduction.
The Government launched a 15 week “Consultation on the implementation of the Carbon
Reduction Commitment” during June 2007.
Draft Climate Change Bill: The draft Climate Change Bill was open for consultation during
2007; the closing date for comments was 12 June 2007. The Government aim to introduce the
final Bill to Parliament during autumn 2007, with a target date for Royal Assent Spring 2008.
The draft Climate Change Bill provides a legal framework in which to manage future emissions
of CO2, provide greater clarity and to invest in delivering the changes needed to move to a low
carbon economy.
The draft Climate Change Bill will:-
• Put into statute the UK's targets to reduce CO2 emissions through domestic and
international action by 60% by 2050 and 26-32% by 2020, against a 1990 baseline;
• Make provisions for five-year carbon budgets, which will require the Government to set,
in secondary legislation, binding limits on CO2 emissions during five year budget
periods, beginning with the period 2008-12. Three successive carbon budgets
(representing 15 years) will always be in legislation;
• Allow emission reductions purchased overseas to be counted towards UK targets
(consistent with the UK’s international obligations);
• Recognise the potential for investing in low carbon technologies abroad as well as action
within the UK to reduce the UK’s overall carbon footprint;