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Output-Based Pricing System Regulations

Version of section 65 from 2019-06-28 to 2023-11-08:

Marginal note:Revised compensation

  •  (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.

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