102Carbon units—total number

102 Carbon units—total number

(1) The Regulator must ensure that the sum of: (a) the total number of carbon units with a particular vintage year (the relevant vintage year) that are offered at auctions conducted by the Regulator; and (b) the total number of free carbon units with the relevant vintage year issued in accordance with the Jobs and Competitiveness Program; and (c) the total number of free carbon units with the relevant vintage year issued in accordance with Part 8 (coal‑fired electricity generation); equals the sum of: (d) the carbon pollution cap number for the relevant vintage year; and (e) the total number of carbon units with the relevant vintage year that were relinquished before the start of the relevant vintage year; and (f) the total number of carbon units with the relevant vintage year, or with an earlier vintage year, that were relinquished during the relevant vintage year. (2) If a carbon unit is offered at auction on 2 or more occasions, the unit is only counted for the purposes of paragraph (1)(a) on the first of those occasions.