Article 45 Article 18 amended (preliminary allocation to new entrants)I1
United Kingdom
Article 18 is amended as follows.
In paragraph 1(a)—
for “relevant period multiplied” substitute “relevant allocation period multiplied”;
omit “and in this point “benchmark for the relevant period” means the benchmark for the relevant allocation period (as defined in Article 16(12)) set out in Annex 8”.
In paragraph 7—
in the words before point (a) omit “(except as provided in paragraph 1(a))”;
in point (b) for “2026-2030 allocation period” substitute “2027-2030 allocation period or, where the start of normal operation of a new entrant is before 1st January 2027, a period consisting of the 2026 allocation period and the 2027-2030 allocation period”.
After paragraph 7 insert—
“8.But in paragraph 1(a) of this Article and in Articles 19 to 22, as those Articles apply for the purpose of this Article, “relevant allocation period” means the allocation period containing the scheme year for which the preliminary annual number of allowances is to be calculated.”.