757
CurrentElectricity baseline for product
Schedule 6Emissions‑intensive trade‑exposed activities
Part 53Production of ferrovanadium
Division 3Electricity baseline for calculating exemption
757 Electricity baseline for product
The electricity baseline for calculating the amount of a liable entity’s exemption in respect of the production of ferrovanadium is 58.7 MWh per tonne of 100% equivalent vanadium concentrate contained within ferrovanadium, in which the concentration of vanadium is equal to or more than 75%, which:
(a)
is produced by carrying on the emissions‑intensive trade‑exposed activity; and
(b)
is not a relevant product for the emissions‑intensive trade‑exposed activity of the production of magnetite concentrate; and
(c)
is of saleable quality.
Note:
Saleable quality is defined in regulation 22C.
This Act’s bill:Explanatory statement
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