PART 2Overall carbon emissions reduction target and carbon emissions reduction obligations

Review of obligations by the Authority in relation to generators12

1

When the Authority has the amount of electricity generated by all generators, either notified under article 6(2) or determined under article 6(4), the Authority must—

a

review a generator's carbon emissions reduction obligation; and

b

notify a generator of any amendment to that generator's obligation by 14th March immediately following the review.

2

A review must be carried out in accordance with the formula:

xy×9.625 million lifetime tonnes of carbon dioxide =Zmath

3

For the purposes of paragraph (2)—

  • “X” means, when carrying out a review for—

    1. a

      an October 2009 generator in 2010, the total electricity generated by that generator in the years shown in row 1 of Table 2 set out in this article;

    2. b

      an October 2009 generator in 2011, the total electricity generated by that generator in the corresponding years shown in row 2 of Table 2;

    3. c

      an October 2009 generator in 2012, the total electricity generated by that generator in the corresponding years shown in row 3 of Table 2;

    4. d

      an April 2010 generator in 2011, the total electricity generated by that generator in the corresponding years shown in row 2 of Table 2;

    5. e

      an April 2010 generator in 2012, the total electricity generated by that generator in the corresponding years shown in row 3 of Table 2;

    6. f

      an April 2011 generator in 2012, the total electricity generated by that generator in the corresponding years shown in row 3 of Table 2.

  • “Y” means, when carrying out a review for—

    1. a

      October 2009 generators in 2010, the total electricity generated by all October 2009 generators and all April 2010 generators in the corresponding years shown in row 2 of Table 1 set out in article 9;

    2. b

      October 2009 generators and April 2010 generators in 2011, the total electricity generated by all those generators and all April 2011 generators in the corresponding years shown in row 3 of Table 1;

    3. c

      October 2009 generators, April 2010 generators and April 2011 generators in 2012, the total electricity generated by all those generators and all April 2012 generators in the corresponding years shown in row 4 of Table 1.

  • “Z” means the carbon emissions reduction obligation.

4

When the Authority has determined a generator's carbon emissions reduction obligation following a review it must further adjust, if necessary, the obligation to take into account any trading by a generator under article 21.

Table 2 – Calculation of X when the Authority is undertaking a review

Row

Relevant years for a review

For an October 2009 generator

For an April 2010 generator

For an April 2011 generator

1

2008,2009

-

-

2

2008,2009,2010

2009,2010

-

3

2008,2009,2010,2011

2009,2010,2011

2010,2011