Regulation 4 Regulation 9 amended (annual volumes of allowances)

(1)

Regulation 9 is amended as follows.

(2)

In paragraph (1)—

(a)

in the opening words—

(i)

for “The volume” substitute “Except as otherwise provided in these Regulations, the volume”;

(ii)

for “((AFA) + IC + RFS + NER)” substitute “(AFA + IC + RFS + NER + BF)”;

(b)

in sub-paragraph (d) for “the flexible share referred to in Article 16a(2)(b) of the free allocation regulation, and” substitute “4,098,497 allowances^f1;”;

(c)

in sub-paragraph (e) for the words from “is the total number of allowances” to the end substitute “means 3,024,907 allowances^f2;”;

(d)

after sub-paragraph (e) insert—

“(f)

BF means—

(i)

if part of the volume of allowances to be auctioned in the calendar year has been brought forward to increase the volume of allowances auctioned in a previous calendar year in accordance with measures authorised under regulation 12(1)(b)(i), the volume of allowances brought forward;

(ii)

in any other case, zero.”.

(3)

Omit paragraphs (4) to (6).

(4)

In paragraph (9) in the table in the row whose first entry is “2028” for “4,364,195” substitute “4,365,195”.

Annotations

Footnotes

f1: One-tenth of the 40,984,970 allowances referred to in Article 16a(2)(b) of EUR 2019/331 (the flexible share).
f2: Approximately one-tenth of the 30,249,066 allowances referred to in article 34G(1) of S.I. 2020/1265 (the new entrants’ reserve).