The Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Order 2022

Article 26 amended (cessation of operations of an installation)

This section has no associated Explanatory Memorandum

23.—(1) Article 26 is amended as follows.

(2) For paragraph 2 substitute—

2.  No allowances may be allocated in respect of the installation for the first non-entitled scheme year and all subsequent scheme years; and in this paragraph the “first non-entitled scheme year” means the earlier of:

(a)the scheme year after the year in which the installation ceased operation; and

(b)where paragraph 1(b) applies, the scheme year after the year in which the surrender or revocation of the permit takes effect..