Search Legislation

The Greenhouse Gas Emissions Trading Scheme Order 2020

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 20

 Help about opening options

Changes to legislation:

There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Greenhouse Gas Emissions Trading Scheme Order 2020. Any changes that have already been made by the team appear in the content and are referenced with annotations. Help about Changes to Legislation

Cap for scheme yearsU.K.

This section has no associated Explanatory Memorandum

20.[F1(1) The number of allowances created in a scheme year may not exceed F2...—

(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; F3...

F4(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F5(2) But the restriction in paragraph (1) does not apply to the creation of allowances—

(a)for the flexible reserve (see article 23A);

(b)for the new entrants’ reserve (see article 34G);

(c)for allocation under the Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021 or any other regulations made under section 96 of the Finance Act 2020.]

(3) [F6Nothing in this article overrides] article 19.

Back to top

Options/Help