Regulation 2 Interpretation

In these Regulations—

• “eligible process” means a relevant process or activity or a combination of relevant processes or activities as described in the Schedule to these Regulations carried out at an installation or site which, when taken alone or together within the business sector to which the installation or site belongs, meets the energy intensity criteria specified in regulation 3;

• “energy costs” means the actual cost of energy, including all taxes except deductible VAT, purchased or generated by the operator of the installation or site or by a business sector;

• “import penetration ratio” means the value of imports as a percentage of the value of total sales in the United Kingdom (the latter to include the value of exports);

• “installation” means any installation that is covered by paragraph 51 of Schedule 6 to the Finance Act 2000^f1 by virtue of the Climate Change Agreements (Energy-intensive Installations) Regulations 2006^f2;

• “production value” means turnover, including subsidies, directly linked to the price of the product, plus or minus the changes in stock of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale;

• “site” means a site on which there is an installation or part of an installation.