# The Greenhouse Gas Emissions Trading Scheme (Amendment) Order 2020, Article 11: Article 20 amended (cap for scheme years)

Extent: E+W+S+N.I.

(1) Article 20 is amended as follows.
(2) For paragraph (1) substitute—
“(1) The number of allowances created in a scheme year may not exceed the sum of—
(a) the base for the scheme year multiplied by—
(i) if the scheme year is in the 2021-2025 allocation period, the 2021-2025 hospital and small emitter reduction factor;
(ii) if the scheme year is in the 2026-2030 allocation period, the 2026-2030 hospital and small emitter reduction factor; and
(b) the balance of allowances in the new entrants' reserve on 1st January in the scheme year (see article 34G for the new entrants' reserve).”.

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Source: https://www.legislation.gov.uk/uksi/2020/1557/article/11 (the official version)
Page: https://openlegislation.uk/greenhouse-gas-emissions-trading-scheme-amendment-order-2020/article-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.