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The Greenhouse Gas Emissions Trading Scheme Regulations 2012
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- UK Statutory Instruments
- 2012 No. 3038
- PART 2
- CHAPTER 3
- Regulation 16
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Changes over time for: Section 16
Version Superseded: 04/12/2015
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- 01/01/2013- Amendment
- 22/12/2014
Point in time - 04/12/2015- Amendment
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Allocation of allowances for 2013 to 2020U.K.
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16.—(1) In this regulation the “allocated amount”, in relation to an installation, means the annual amount of allowances to be allocated to that installation for each scheme year in the trading period 2013 to 2020.
(2) Subject to paragraph (5), the allocated amount is the amount specified in the list that was submitted to the European Commission on 12th December 2011 in accordance with Article 15(5) of the Free Allocation Decision, as substituted by the modified list submitted in April 2012 following the first stage of the Commission's scrutiny process F1.
(3) Schedule 6 sets out procedures for the allocation of allowances to new entrants to the scheme, and for the adjustment of existing allocations.
(4) The Secretary of State must make any revisions to that list that become necessary in consequence of—
(a)the procedures set out in Schedule 6;
(b)the application of the linear reduction factor referred to in Article 9 of the Directive; or
(c)any other adjustment required by the European Commission in accordance with the Directive or the Free Allocation Decision.
(5) Following such a revision the allocated amount is the amount specified in the list as so revised.
(6) The Secretary of State must by 30th April in each scheme year publish the latest version of the list as so revised.
(7) Paragraph (6) is subject to regulation 47 (national security).
Textual Amendments
F1See Modified UK National Implementation Measures for Phase III of the EU Emissions Trading System
http://www.decc.gov.uk/assets/decc/11/cutting-emissions/eu-ets/5233-modified-uk-national-implementation-measures-for-p.pdf.
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