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Q-2, r. 46.1 - Regulation respecting a cap-and-trade system for greenhouse gas emission allowances
Section 61.1
Disposition versions
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.
