{
  "url": "https://openlegislation.uk/draft-green-gas-support-scheme-regulations-2021/regulation-41",
  "json_url": "https://openlegislation.uk/draft-green-gas-support-scheme-regulations-2021/regulation-41.json",
  "legislation": "ukdsi/2021/9780348227284",
  "legislation_title": "The Green Gas Support Scheme Regulations 2021",
  "legislation_url": "https://openlegislation.uk/draft-green-gas-support-scheme-regulations-2021",
  "path": "regulation/41",
  "kind": "regulation",
  "number": "41",
  "heading": "Calculation of credit cover requirement",
  "text": "(1) Subject to paragraph (2), the Authority must calculate the credit cover requirement in relation to a scheme supplier, for each quarter of the scheme year beginning with 1st April 2022 and subsequent scheme years, as follows—\nLR×( M×1.15 )\nwhere—\n(a) LR is the levy rate for the scheme year in which the previous quarter fell,\n(b) M—\n(i) in relation to the quarter beginning with 1st April 2022, is the sum of the meter point data for that supplier for each day of the period beginning with 31st August 2021 and ending with 31st December 2021, as notified or determined under regulation 48,\n(ii) in relation to the quarter beginning with 1st July 2022 and subsequent quarters, is the sum of the meter point data for that supplier for each day of the quarter beginning six months before the start of that quarter, as notified or determined under regulation 48.\n(2) Where a licensed gas supplier becomes a scheme supplier on or after 1st April 2022—\n(a) the Authority is not required to calculate the credit cover requirement in relation to that supplier for the quarter in which they become a scheme supplier (“the first quarter”), and\n(b) the Authority must calculate the credit cover requirement in relation to that supplier, for the quarter following the first quarter, in accordance with paragraph (1) but with the modification that “M” is calculated as follows—\nAM× DQ DA where—\n(i) AM is the sum of the meter point data for that supplier which is available for the first quarter,\n(ii) DQ is the number of days in the first quarter,\n(iii) DA is the number of days in the first quarter for which meter point data for that supplier is available.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2021/9780348227284/regulation/41",
    "retrieved_at": "2026-10-30T14:46:41.054015+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}