The UK ETS is a ‘cap and trade’ system, aimed with reducing the total greenhouse gas emissions from energy intensive industries. Emissions are converted into tradable allowances, with the capped emissions reducing each year to provide an economic incentive for installations to decarbonise.
The UK ETS was introduced by the UK Government for UK installations post-Brexit. Phase 1 was launched in January 2021. It replaces the EU ETS.
The UK ETS applies to energy intensive industries where stationary installations have a combined thermal input capacity of greater than 20 MW thermal, made up of units greater than 3 MW thermal.
Swan Energy has been involved with the UK ETS (formerly EU ETS) since its inception and delivers 100% compliance for our clients. We are experts in Greenhouse gas legislation and carbon reporting and have extensive knowledge and experience in the operation of Emissions Trading Systems.
Swan Energy ensures you are fully compliant with all the aspects of the UK ETS or the EU ETS, relieving hassle and the risk of mistakes. We offer peace of mind that all the obligations and requirements of the scheme are met and are a trusted partner and adviser. We shield our clients from the complexities of the reporting process and take the headache out of compliance.
Our UK ETS compliance and reporting service is always tailored to your needs and can include:
We support over 90 UK installations with their mandatory energy reporting.
Average cost of Carbon. Data from January 2023 – July 2023.
We have Lead Verifiers for a UKAS accredited verification body for the UK ETS working as part of the team. This means that as well as preparing reports for verification, we fully understand the requirements to meet the verification standard.