Calculation of final total annual amount of allowances: significant capacity reductions and partial cessation of regulated activitiesU.K.
10.—(1) Where the European Commission approves the revised preliminary total annual amount of allowances notified under paragraph 9(1), the regulator must calculate the revised final total annual amount of allowances allocated to the installation concerned.
(2) For the purposes of sub-paragraph (1) the final total annual amount is—
(a)the revised preliminary total annual amount notified under paragraph 9(1), but
(b)in the case of a significant capacity reduction, that amount as adjusted by multiplying that number of allowances by the cross-sectoral correction factor under Article 10(9) of the Free Allocation Decision.
(3) The regulator must, as soon as is reasonably practicable, notify the final total annual amount to—
(a)the operator;
(b)the registry administrator;
(c)the authority; and
(d)the Secretary of State (where the Secretary of State is not the authority).