Renewable Fuels Regulations

Marginal note:Carry forward — primary suppliers (distillate)

• 22 (1) Before the end of the trading period in respect of a distillate compliance period, a primary supplier may carry forward their surplus distillate compliance units — up to a maximum of 0.004 multiplied by the number of litres in their distillate pool for that distillate compliance period — into the next distillate compliance period.

• Marginal note:Surplus distillate compliance units

  (2) The number of surplus distillate compliance units referred to in subsection (1) is the number that equals the number of litres determined according to the following formula:

  RF_D – (0.02 × P_D)

  where

  RF_D

  is the volume, expressed in litres, that the primary supplier determined for the description RF_D in accordance with subsection 8(2) for that distillate compliance period; and

  P_D

  is the number of litres in the primary supplier’s distillate pool for that distillate compliance period, as determined in accordance with section 6.

• Marginal note:Carry forward into first distillate compliance period

  (3) When the pre-distillate compliance period ends, a primary supplier may carry forward into the first distillate compliance period distillate compliance units that they own at the end of the pre-distillate compliance period and that have not been assigned, under subsection 7(3), as the value for DtG_DG in subsection 8(1). The number of distillate compliance units that may be so carried forward must not exceed 0.004 multiplied by the number of litres in the primary supplier’s distillate pool determined using the pre-distillate compliance period as if it were the distillate compliance period in question, and for the purpose of subsection 25(4), those distillate compliance units are, during any period between the end of the pre-distillate compliance period and the beginning of the first distillate compliance period, considered to be in the process of being carried forward.