Regulation 3 Regulation 9 amended (annual volumes of allowances)

in the opening words after “+ BF)” insert “+ T”;

for sub-paragraph (a) substitute—

“(a)

AC for the calendar year is the base for that year determined in accordance with paragraph (10)(a) multiplied by—

(i)

in the case of a calendar year up to and including 2025, the 2021-2025 hospital and small emitter reduction factor calculated in accordance with article 21(2) of the Trading Scheme Order^f1;

(ii)

in the case of a calendar year from 2026 up to and including 2030, the 2026-2030 hospital and small emitter reduction factor calculated in accordance with article 21(3) of the Trading Scheme Order;”;

in sub-paragraph (b) before ““AFA”” insert “in relation to a calendar year corresponding to a scheme year^f2 in the 2021-2025 allocation period,”;

after sub-paragraph (b) insert—

“(ba)

in relation to any other calendar year, AFA is zero;”;

for sub-paragraphs (c) to (e) substitute—

“(c)

IC for the calendar year is the number of allowances determined in accordance with paragraph (10)(b);

(d)

RFS for the calendar year is the number of allowances determined in accordance with paragraph (10)(c);

(e)

NER for the calendar year is the number of allowances determined in accordance with paragraph (10)(d);”;

after sub-paragraph (f) insert—

“(g)

T for the calendar year is the number of allowances determined in accordance with paragraph (10)(e).”.