the assessment period. The electricity allocation factor will be set at one permit per megawatt hour. However, this may be adjusted in respect of existing large electricity supply contracts for entities consuming greater than 2,000 gigawatt hours per year, and where contractual arrangements entered into before 3 June 2007 are still in force (without having been renegotiated or reviewed) within 60 days after Royal Assent of the Act. In such a situation, these contracts will be considered by the Regulator with a view to determine an entity-specific electricity allocation factor. The natural gas feedstock allocation factor will be set state-by-state. Initial rates of assistance 94.5 per cent of the industry average baseline for activities with an emissions intensity of at least 2,000t CO 2 -e/$m revenue or at least 6,000t CO 2 -e/$m value added. 66 per cent of the industry average baseline for activities with an emissions intensity between 1,000t CO 2 -e/$m and 1,999t CO 2 -e/$m revenue or between 3,000t CO 2 -e/$m and 5,999t CO 2 -e/$m value added. LNG projects LNG projects will receive a supplementary allocation to ensure an effective assistance rate of 50 per cent in relation to their LNG production each year. Carbon productivity contribution Initial rates of assistance will be reduced by a carbon productivity contribution of 1.3 per cent per year. Cap on an entity's assistance No maximum cap on allocations will apply to existing facilities. Allocations to new facilities will be limited by regulations in a manner which avoids