{
  "url": "https://openlegislation.uk/carbon-accounting-20132017-budgetary-period-regulations-2015/regulation-3",
  "json_url": "https://openlegislation.uk/carbon-accounting-20132017-budgetary-period-regulations-2015/regulation-3.json",
  "legislation": "uksi/2015/775",
  "legislation_title": "The Carbon Accounting (2013–2017 Budgetary Period) Regulations 2015",
  "legislation_url": "https://openlegislation.uk/carbon-accounting-20132017-budgetary-period-regulations-2015",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Crediting and debiting of carbon units as a result of the operation of the EU ETS during the 2013–2017 budgetary period",
  "text": "(1) It is the duty of the Secretary of State to calculate whether an amount of carbon units is to be credited to or debited from the net UK carbon account as a result of the operation of the EU ETS during the 2013–2017 budgetary period.\n(2) Calculations under this regulation are to be performed annually, and must be performed—\n(a) in respect of 2013, by 31st March 2015; and\n(b) in respect of any other year of the 2013–2017 budgetary period (“Year X”), by 15th March in Year X+2.\n(3) In order to determine whether carbon units are to be credited or debited in respect of 2013, the Secretary of State must calculate whether the total amount of carbon units surrendered by operators of installations in the United Kingdom in respect of 2013 is greater or less than the annual allocation.\n(4) In order to determine whether carbon units are to be credited or debited in respect of Year X, the Secretary of State must calculate whether the total amount of carbon units surrendered by operators of installations in the United Kingdom in respect of Year X is greater or less than the annual allocation.\n(5) If the amount of carbon units surrendered is greater than the annual allocation, an amount of carbon units equal to the difference is to be credited to the net UK carbon account in respect of the appropriate year.\n(6) If the amount of carbon units surrendered is less than the annual allocation, an amount of carbon units equal to the difference is to be debited from the net UK carbon account in respect of the appropriate year.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/775/regulation/3",
    "retrieved_at": "2026-10-28T23:41:40.864735+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}