Paragraph 5 Early action

(1)

Sub-paragraphs (2) to (6) apply only to the first phase.

(2)

“Early action” is the average of these percentages—

(a)

the percentage which the amount during the first year of the phase of—

(i)

electricity and gas supplied measured by automatic meters; and

(ii)

electricity supplied which is a dynamic supply,

bears to the amount of all electricity and gas supplied during that year, excluding the supply of electricity measured by a settled half hourly meter required to be installed and the supply of gas measured by a daily meter required to be installed;

(b)

the percentage which certified CRC emissions during a year of the phase bears to all CRC emissions in that year.

(3)

Where under sub-paragraph (2)(a)—

(a)

all of the electricity is measured by a settled half hourly meter required to be installed; and

(b)

all of the gas supplied is measured by a daily meter required to be installed,

the percentage under sub-paragraph (2)(a) is 50%.

(4)

In sub-paragraph (2)(a) “automatic meter” means—

(a)

in respect of electricity—

(i)

a settled half hourly meter not required to be installed; or

(ii)

a non-settled half hourly meter;

(b)

in respect of gas—

(i)

a daily meter not required to be installed; or

(ii)

an hourly meter.

(5)

In sub-paragraph (2)(b), “certified CRC emissions” means—

(a)

CRC emissions or emissions calculated in an equivalent way to the calculation of CRC emissions; and

(b)

where a certification in respect of such emissions is valid on the last day of the relevant year of the phase.

(6)

In sub-paragraph (5), “certification” means certification under—

(a)

the Carbon Trust Standard Rules version 1.0 dated June 2008^f1; or

(b)

such other rules concerning the certification of emissions which the administrator and the participant agree.

Annotations

Footnotes

f1: These rules are made by the Carbon Trust Standard Company and are available at: http://www.carbontruststandard.com/LinkClick.aspx?fileticket=k3Ji2d698p4%3d&tabid=159&mid=561&language=en-GB . The Carbon Trust Standard Company Limited may be contacted at: 6th Floor, 5 New Street Square, London EC4A 3BF or at [email protected].