xmlns:atom="http://www.w3.org/2005/Atom"
55.—(1) An operator of an excluded installation is liable to the civil penalty in paragraph (2) where in any scheme year the operator fails to comply with paragraph 5 of Schedule 5.
(2) The civil penalty is (A – B) × C, where—
A is the amount of annual reportable emissions arising in the scheme year;
B is the emissions target for that year;
C is the carbon price for that year.