The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2023
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Change 1
3 Regulation 9 amended (annual volumes of allowances)
(1) Regulation 9 is amended as follows. (2) In paragraph (1)— (a) in the opening words after “+ BF)” insert “+ T”; (b) for sub-paragraph (a) substitute— (a) AC for the calendar year is the base for that year determined in accordance with paragraph (10)(a) multiplied by— (i) in the case of a calendar year up to and including 2025, the 2021-2025 hospital and small emitter reduction factor calculated in accordance with article 21(2) of the Trading Scheme Order; (ii) in the case of a calendar year from 2026 up to and including 2030, the 2026-2030 hospital and small emitter reduction factor calculated in accordance with article 21(3) of the Trading Scheme Order; ; (c) in sub-paragraph (b) before ““AFA”” insert “in relation to a calendar year corresponding to a scheme year in the 2021-2025 allocation period,”; (d) after sub-paragraph (b) insert— (ba) in relation to any other calendar year, AFA is zero; ; (e) for sub-paragraphs (c) to (e) substitute— (c) IC for the calendar year is the number of allowances determined in accordance with paragraph (10)(b); (d) RFS for the calendar year is the number of allowances determined in accordance with paragraph (10)(c); (e) NER for the calendar year is the number of allowances determined in accordance with paragraph (10)(d); ; (f) after sub-paragraph (f) insert— (g) T for the calendar year is the number of allowances determined in accordance with paragraph (10)(e). . (3) In paragraph (9) in the table omit the 5 rows whose first entries are “2026”, “2027”, “2028”, “2029” and “2030”. (4) For paragraph (10) substitute— (10) For the purposes of paragraph (1), for a calendar year referred to in column 1 of the following table— (a) the base is the number of allowances set out in the corresponding entry in column 2; (b) IC is the number of allowances set out in the corresponding entry in column 3; (c) RFS is the number of allowances set out in the corresponding entry in column 4; (d) NER is the number of allowances set out in the corresponding entry in column 5; (e) T is the number of allowances set out in the corresponding entry in column 6. Column 1 Calendar or scheme year | Column 2 Base | Column 3 IC | Column 4 RFS | Column 5 NER | Column 6 T 2021 | 155,671,581 | 57,856,572 | 4,098,497 | 3,024,907 | 0 2022 | 151,437,134 | 56,273,432 | 4,098,497 | 3,024,907 | 0 2023 | 147,202,686 | 54,690,292 | 4,098,497 | 3,024,907 | 0 2024 | 92,062,882 | 36,825,153 | 2,255,107 | 1,664,388 | 23,316,495 2025 | 86,742,014 | 34,696,806 | 2,255,107 | 1,664,387 | 13,323,712 2026 | 79,059,690 | 31,623,876 | 2,255,107 | 1,664,387 | 9,992,784 2027 | 70,127,996 | 28,051,198 | 2,255,107 | 1,664,387 | 6,661,856 2028 | 53,498,502 | 21,399,401 | 2,255,106 | 1,664,387 | 0 2029 | 50,918,572 | 20,367,429 | 2,255,106 | 1,664,387 | 0 2030 | 49,320,164 | 19,728,066 | 2,255,106 | 1,664,387 | 0 .
3 Regulation 9 amended (annual volumes of allowances)
(1) Regulation 9 is amended as follows. (2) In paragraph (1)— (a) in the opening words after “+ BF)” insert “+ T”; (b) for sub-paragraph (a) substitute— (a) AC for the calendar year is the base for that year determined in accordance with paragraph (10)(a) multiplied by— (i) in the case of a calendar year up to and including 2025, the 2021-2025 hospital and small emitter reduction factor calculated in accordance with article 21(2) of the Trading Scheme Order; (ii) in the case of a calendar year from 2026 up to and including 2030, the 2026-2030 hospital and small emitter reduction factor calculated in accordance with article 21(3) of the Trading Scheme Order; ; (c) in sub-paragraph (b) before ““AFA”” insert “in relation to a calendar year corresponding to a scheme year in the 2021-2025 allocation period,”; (d) after sub-paragraph (b) insert— (ba) in relation to any other calendar year, AFA is zero; ; (e) for sub-paragraphs (c) to (e) substitute— (c) IC for the calendar year is the number of allowances determined in accordance with paragraph (10)(b); (d) RFS for the calendar year is the number of allowances determined in accordance with paragraph (10)(c); (e) NER for the calendar year is the number of allowances determined in accordance with paragraph (10)(d); ; (f) after sub-paragraph (f) insert— (g) T for the calendar year is the number of allowances determined in accordance with paragraph (10)(e). . (3) In paragraph (9) in the table omit the 5 rows whose first entries are “2026”, “2027”, “2028”, “2029” and “2030”. (4) For paragraph (10) substitute— (10) For the purposes of paragraph (1), for a calendar year referred to in column 1 of the following table— (a) the base is the number of allowances set out in the corresponding entry in column 2; (b) IC is the number of allowances set out in the corresponding entry in column 3; (c) RFS is the number of allowances set out in the corresponding entry in column 4; (d) NER is the number of allowances set out in the corresponding entry in column 5; (e) T is the number of allowances set out in the corresponding entry in column 6. Column 1 Calendar or scheme year | Column 2 Base | Column 3 IC | Column 4 RFS | Column 5 NER | Column 6 T 2021 | 155,671,581 | 57,856,572 | 4,098,497 | 3,024,907 | 0 2022 | 151,437,134 | 56,273,432 | 4,098,497 | 3,024,907 | 0 2023 | 147,202,686 | 54,690,292 | 4,098,497 | 3,024,907 | 0 2024 | 92,062,882 | 36,825,153 | 2,255,107 | 1,664,388 | 23,316,495 2025 | 86,742,014 | 34,696,806 | 2,255,107 | 1,664,387 | 13,323,712 2026 | 79,059,690 | 31,623,876 | 2,255,107 | 1,664,387 | 9,992,784 2027 | 70,127,996 | 28,051,198 | 2,255,107 | 1,664,387 | 6,661,856 2028 | 53,498,502 | 21,399,401 | 2,255,106 | 1,664,387 | 0 2029 | 50,918,572 | 20,367,429 | 2,255,106 | 1,664,387 | 0 2030 | 49,320,164 | 19,728,066 | 2,255,106 | 1,664,387 | 0 .
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