709Electricity baseline for product

#### 709 Electricity baseline for product The electricity baseline for calculating the amount of a liable entity’s exemption in respect of the production of iron ore pellets is 0.0498 MWh per tonne of iron ore pellets on a dry weight basis that: (a) have a concentration of iron (Fe) equal to or greater than 63%; and (b) have a concentration of alumina (aluminium oxide (Al2O3)) equal to or less than 2%; and (c) have a concentration of silicon dioxide (silica (SiO2)) equal to or less than 7%; and (d) have an average diameter of between 9 and 16 millimetres; and (e) are not a relevant product for the emissions‑intensive trade‑exposed activity of integrated iron and steel manufacturing; and (f) are produced by carrying on the emissions‑intensive trade‑exposed activity; and (g) are of saleable quality. > Note 1: Relevant product is defined in regulation 22A. > Note 2: Saleable quality is defined in regulation 22C