Search Legislation

Advanced Search

The Large Combustion Plants (Transitional National Plan) Regulations 2015

Status:

This is the original version (as it was originally made).

Transfer of emission allowance

This section has no associated Explanatory Memorandum

7.—(1) Subject to paragraph (2), a part of an emission allowance may be transferred from one participating plant to another at any time during the period comprising—

(a)the calendar year in respect of which the emission allowance has been allocated by the Secretary of State; and

(b)the period of three months following that calendar year.

(2) No transfers of emission allowance may be made concerning a participating plant to the extent that the Transitional National Plan provides that the plant is not allowed to participate in such transfers.

(3) Where a part of an emission allowance is transferred from one participating plant to another participating plant, the operator of each plant must notify the Agency of the transfer by—

(a)correctly completing the form provided by the Agency for the purpose; and

(b)sending it to the Agency within 5 working days of the date on which the transfer is made.

(4) The form referred to in paragraph (3)(a) may be provided by, and, when duly completed, sent to, the Agency electronically.

(5) If the requirements to notify under paragraph (3) are not complied with, the transfer is void.

(6) The Agency must not record a transfer in the register unless it has been notified of the transfer in accordance with this regulation.

(7) The Agency must record a transfer in the register within 10 working days of notification.

(8) No emission allowance in respect of a participating plant may be carried forward from one calendar year to the next.

(9) The transfer of an emission allowance which results in a participating plant having an emission allowance of zero or less than zero is void.

(10) Where an operator of a participating plant wishes to advertise on the register a willingness to acquire or transfer an amount of emission allowance in respect of that plant (or to vary or withdraw such an advertisement previously recorded on the register), the operator must notify the Agency by—

(a)correctly completing the form provided by the Agency for the purpose; and

(b)sending it to the Agency.

(11) The form referred to in paragraph (10)(a) may be provided by, and, when duly completed, sent to, the Agency electronically.

(12) The Agency must record a new advertisement (or a variation to or withdrawal of a previously recorded advertisement) in the register within 10 working days of notification.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Impact Assessments

Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:

  • Why the government is proposing to intervene;
  • The main options the government is considering, and which one is preferred;
  • How and to what extent new policies may impact on them; and,
  • The estimated costs and benefits of proposed measures.
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources