Climate Change (Stationary Energy and Industrial Processes) Regulations 2009

Schedule 3 Storage adjustments for activities of purchasing natural gas

r 50(7)

Schedule 3: inserted (with effect on 1 January 2010), on 25 September 2010, by regulation 17 of the Climate Change (Stationary Energy and Industrial Processes) Amendment Regulations 2010 (SR 2010/340).

1 Interpretation

In this schedule, unless the context otherwise requires,—

base date means the later of the following dates:

(a)

1 July 2010; or

(b)

the date from which a participant’s current registration takes effect under section 57 of the Act

base gas

(a)

means natural gas (net of any extractions) injected into a facility, by or on behalf of the person, before the base date; but

(b)

does not include any natural gas in the facility that has not been mined.

2 Calculating S

(1)

For the purposes of regulation 50(7), S must be calculated in accordance with this clause.

(2)

In a year when—

(a)

there are no extractions from a gas storage facility; or

(b)

cumulative extractions from the gas storage facility by or on behalf of the person are less than or equal to base gas (that is, ΣH ≤ B), then—

S = G

(3)

In the first year that the cumulative extractions from the gas storage facility by or on behalf of the person are greater than base gas (that is, ΣH > B) then—

S = G − (ΣH − B)

(4)

In any subsequent year, after the year in which subclause (3) applies, then—

S = G − H

(5)

In the final emissions return before removal of the person from the register under section 58 or 59 of the Act, then—

S = −1 × Σ(SY)

(6)

In this clause—

B

is the total number of terajoules of base gas

G

is the total number of terajoules of opt-in natural gas injected by or on behalf of the person in the year into the gas storage facility as collected under regulation 49(3)(a)

H

is the total number of terajoules of opt-in natural gas extracted by or on behalf of the person in the year from a gas storage facility, as recorded under regulation 49(3)(b)

SY

is the figure for S used by the person to claim a storage adjustment for each year since the base date

ΣH

is the sum of H from the base date.

Michael Webster,
for Clerk of the Executive Council.