Analysis from WSP Environment & Energy reveals that 7,500 businesses are expected to miss the 30 September deadline for Carbon Reduction Commitment Energy Efficiency Scheme (CRC) registration.
Under CRC, more than 20,000 organisations have to register with the Environment Agency by the end of September this year. 5,000 of these organisations have to make a full registration, while 15,000 lower energy users have to make an information disclosure.
WSP Environment & Energy forecasts that, even with a late upsurge in registrations, around 7,500 of those 20,000 obligated businesses will miss the deadline. 1,500 of these will be full registrants.
David Symons, Director at WSP Environment & Energy, comments:
'Despite the initial clamour around CRC, many companies remain unsure about the extent of their obligations, and our forecasts show that there will be a significant shortfall in registrations.
'Those businesses which are well-organised are finding that CRC registration is not a complicated exercise. However, our findings indicate that a lack of awareness and engagement among participants could prevent thousands of companies from complying with the scheme on time.
'The Environment Agency is committed to supporting companies who make an effort. But with fines of £5000 for missing the registration deadline, and further penalties of up to £500 per day, the costs of non-compliance could be significant.
WSP will update its predictions as the Environment Agency provides further news on CRC registrations.
For further information on CRC, please visit http://www.wspenvironmental.com/crcees