Q-2, r. 46.1 - Regulation respecting a cap-and-trade system for greenhouse gas emission allowances

Article 61.1 Versions de la disposition

2021-01-01

61.1. When the total number of offers to purchase Category A, B and C units is equal to or below the quantity of Category A reserve emission units available, the Minister allocates the Category A emission units among the purchasers based on the offers received.

However, when the total of the offers to purchase is in excess of the quantity of Category A reserve emission units available, the Minister allocates the emission units

1°  by establishing the share of each purchaser by dividing the quantity of emission units requested in their offer to purchase by the total of the offers to purchase;

2°  by determining the number of Category A emission units to be assigned to each purchaser by multiplying each purchaser’s share by the quantity of emission units available in that category, rounding down to the nearest whole number; and

3°  when Category A emission units remain to be awarded, by assigning a random number to each purchaser and by awarding 1 emission unit per purchaser, in ascending order of the numbers assigned, until all the emission units have been awarded.

D. 1288-2020, s. 14.