Output-Based Pricing System Regulations

Marginal note:Revised compensation

• 65 (1) For the purposes of paragraph 178(1)(a) of the Act, any revised compensation is to be provided by means of an excess emissions charge payment or a remittance of compliance units. Revised compensation is to be provided if the difference specified in section 64 is greater than, or equal to, 500 CO₂e tonnes.

• Marginal note:Issuance of surplus credits

  (2) For the purposes of paragraph 178(1)(b) of the Act, the Minister may issue to a person that is responsible for a covered facility a number of surplus credits that is equivalent to the difference between

  • (a) the number of surplus credits calculated based on the corrected report and the number of surplus credits issued under section 175 of Act based on the annual report; or

  • (b) the applicable emissions limit and the quantity of GHGs emitted from the facility that are reported in the corrected report.