# The Clean Heat Market Mechanism Regulations 2024, Regulation 28: Payments


(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.

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Source: https://www.legislation.gov.uk/ukdsi/2024/9780348266047/regulation/28 (the official version)
Page: https://openlegislation.uk/draft-clean-heat-market-mechanism-regulations-2024/regulation-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.