757Electricity baseline for product

#### 757 Electricity baseline for product The electricity baseline for calculating the amount of a liable entity’s exemption in respect of the production of ferrovanadium is 58.7 MWh per tonne of 100% equivalent vanadium concentrate contained within ferrovanadium, in which the concentration of vanadium is equal to or more than 75%, which: (a) is produced by carrying on the emissions‑intensive trade‑exposed activity; and (b) is not a relevant product for the emissions‑intensive trade‑exposed activity of the production of magnetite concentrate; and (c) is of saleable quality. > Note: Saleable quality is defined in regulation 22C.