Regulation 28 PaymentsI1
United Kingdom
(1)
A scheme participant which has insufficient certificates to meet its low-carbon heat target in accordance with regulation 25(1) for a scheme year must make a payment to the administrator, on or before 30th November following the end of the scheme year, of £500 in respect of each unit of its low-carbon heat target which is unmet.
(2)
The administrator must ensure that the liability of a scheme participant to make a payment under this regulation is recorded in the registry.
(3)
The administrator must pay any payment received under this regulation into the Consolidated Fund.