Greenhouse Gas Pollution Pricing Act

Marginal note:Rebate — annual net fuel adjustment

• 47 (1) If an annual net fuel adjustment of a person, determined under section 33, for a calendar year, for a type of fuel and for a listed province is a negative amount, the Minister must pay to the person a rebate in respect of that annual net fuel adjustment and the listed province.

• Marginal note:Amount of rebate

  (2) The amount of a rebate payable under subsection (1) is equal to the amount determined by the formula

  A × B

  where

  A

  is the annual net fuel adjustment referred to in that subsection; and

  B

  is the rate in respect of fuel of that type for the listed province applicable on December 31 of the calendar year referred to in that subsection.

• Marginal note:Amount of rebate — regulations

  (3) Despite subsection (2), if prescribed circumstances exist or prescribed conditions are met, the amount of a rebate payable under this section is equal to the amount determined in prescribed manner.