Output-Based Pricing System Regulations

Marginal note:Recalculation of output-based standard

39 If an output-based standard applicable to a specified industrial activity was calculated in accordance with subsection 37(2.1) for a compliance period, it must be recalculated in accordance with subsection 37(1) for the third compliance period following the compliance period for which the original calculation was done. The reference years that must be used for the recalculation are the three calendar years that precede that third compliance period.