S.I. No. 225/2022 - National Oil Reserves Agency Act 2007 (Biofuel Obligation Buy-out Charge) (Amendment) Regulations 2022


Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 10th May, 2022.

I, EAMON RYAN, Minister for the Environment, Climate and Communications in exercise of the powers conferred on me by sections 44J of the National Oil Reserves Agency Act 2007 (No. 7 of 2007) (as adapted by the Communications, Energy and Natural Resources (Alteration of Name of Department and Title of Minister) Order 2016 ( S.I. No. 421 of 2016 )) hereby make the following regulations:

1. These Regulations may be cited as the National Oil Reserves Agency Act 2007 (Biofuel Obligation Buy-out Charge) (Amendment) Regulations 2022.

2. These Regulations come into operation on 6th May 2022

3. The National Oil Reserves Agency Act 2007 (Biofuel Obligation Buy-out Charge) Regulations 2010 (S.I. 644 of 2010) are amended by the substitution of the following Regulation for Regulation 2:

2. For the purposes of section 44J of the National Oil Reserves Agency Act 2007 (No. 7 of 2007) the amount of the buy-out price referred to in that section is 1 euro.

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GIVEN under my Official Seal,

6 May 2022.

EAMON RYAN

Minister for the Environment, Climate and Communications.