Protection of the Environment Operations (General) Regulation 2009
31 Termination of agreement
(1) Before the end of the term of a load reduction agreement, the licence holder may terminate the agreement in accordance with the agreement.(2) If a licence is surrendered by the licence holder or suspended or revoked, the licence holder is taken to have terminated any load reduction agreement relating to licence fees for the licence.(3) If, prior to the expiration of a load-based agreement, the licence holder has closed its operations or has otherwise ceased to operate, the licence holder is taken to have terminated the agreement.(4) The EPA may terminate a load reduction agreement if—(a) the EPA is of the opinion that the licence holder is unlikely to attain the agreed load before the end of the agreement, or that the licence holder is unlikely to meet the costs of repayment on termination or expiration of the agreement, or both, or(b) the licence holder fails to comply with a condition of the agreement.