reg 55 Exceeding an emissions target for an Article 27 installation
(1) An operator of an Article 27 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.