The Greenhouse Gas Emissions Trading Scheme Order 2020

[F1Allocation of allowancesU.K.

This section has no associated Explanatory Memorandum

34E.—(1) The registry administrator must allocate allowances in respect of an installation in accordance with the allocation table by transferring allowances to the operator holding account for the installation.

(2) Allowances—

(a)for the 2021 scheme year must be allocated as soon as reasonably practicable after the allocation table for the 2021-2025 allocation period is published;

(b)for any other scheme year must be allocated on or before 28th February in that year.

(3) Where, after allowances for a scheme year have been allocated in respect of an installation in accordance with paragraph (2), an update to the allocation table results in an increase in the final annual number of allowances to be allocated in respect of the installation for the scheme year, the increased number of allowances must be allocated as soon as reasonably practicable.

(4) This article is subject to—

(a)article 34F (no allocation unless monitoring methodology plan approved);

(b)article 34G(2) (new entrants' reserve);

(c)article 34W (notice to withhold allowances).]

Textual Amendments