Article 5 Article 23A amended (flexible reserve)

Article 23A is amended as follows.

After paragraph (3)(b) insert—

“(c)

E is recalculated as soon as reasonably practicable after the UK ETS authority has approved the recalculation under Article 16b(6) of the Free Allocation Regulation of the final number of allowances to be allocated for a scheme year in the 2027-2030 allocation period, and the flexible reserve is updated on the basis of this recalculated E.”.